JCI has a chance to weaken, pay close attention to stock recommendations for today (1/22)

Reporter: Kenya Intan | Editor: Anna Suci Perwitasari

KONTAN.CO.ID – JAKARTA. The Composite Stock Price Index (JCI) is forecast to continue to weaken in trading today. As is known, JCI closed with 15.87 points or 0.25% to the level of 6,413.89 on Thursday (1/21).

Artha Sekuritas Indonesia analyst Dennies Christoper Jordan said JCI would weaken again. Remember technically candlestick forming long black body indicates potential weakness.

On the other hand, the negative sentiment towards JCI came from the interior of the country, that is, after the government extended the application of restrictions on community activities (PPKM) until February 8.

“Movements will be limited due to concerns about the extension of PPKM in Indonesia. Investors will also pay close attention to some economic data,” he said in an inquiry received by Kontan.co.id on Thursday (1/21).

Read also: See recommended buying actions for today (1/22)

JCI is expected to move with support levels from 6,373 to 6,333. Meanwhile, resistance levels lie between 6,478 and 6,543.

Amid JCI, which is forecast to move lower, analysts are looking at the following actions:

• PT Astra International Tbk (ASII). It continues to move in a short-term consolidation trend. It still has the potential to strengthen in the medium term. Investors are recommended to enter at a price of Rp.6,600 to Rp.6,700. Stop loss to IDR 6,550. The target price is from IDR 6,900 to IDR 7,000
• PT Sarana Menara Nusantara Tbk (TOWR). Technically, Candlestick forming higher higher and higher low and breaking strength. Entry level, target harga, stop loss of improved. Analysts advise investors to enter the price from IDR 1,020 to IDR 1,040. Stop loss at IDR 1,000. The target price is set between 1,080 and 1,100.
• PT PP Tbk (PTPP). PTPP shares rose after rebound area support for. Analysts suggest entering a price of IDR 2,050 to IDR 2,100. Stop wasting to IDR 2,020. The indicative price is set at Rs 2,150-2,200.