JCI is expected to continue to weaken on Tuesday (1/12), take a look at the following stocks

Reporter: Kenya Intan | Editor: Herlina Kartika Dewi

KONTAN.CO.ID – JAKARTA. The Jakarta Composite Index (JCI) closed down 2.95 percent to 5,612 at the end of the day on Monday (11/30).

Artha Sekuritas Indonesia analyst Dennies Christoper Jordan observed that JCI closed lower in line with MSCI’s rebalancing. Furthermore, the strengthening from last week also entered the overbought area, which resulted in a correction. On the other hand, there is concern about an increase in Covid-19 cases.

For the trade on Tuesday (1/12), JCI is expected to continue weakening.

“The correction is expected to continue in the short term. Investors will look at various economic data, including manufacturing data and inflation data,” he explained in an inquiry received by Kontan.co.id on Monday (11/30). .

Furthermore, investors continue to watch the increase in the number of Covid-19 cases.

Read also: OJK plans to increase the minimum value of the public offering of securities

According to Dennies estimates, JCI on Tuesday (1/12) will move with support levels from 5,517 to 5,422. While resistance levels are at 5,752-5,892.

Amid JCI’s anticipated weakness, analysts have observed that these stocks will undergo a correction but remain above support levels such as PT PP Tbk (PTPP), PT Aneka Tambang Tbk (ANTM) and PT Sarana Menara Nusantara Tbk ( TOWR).

Analysts suggest entering PTPP shares at a price of Rp 1,370 to Rp 1,410. Stop loss at IDR 1350. The target price is from IDR 1,500 to IDR 1,550.

Meanwhile, for ANTM, investors are recommended to enter this share at a price of Rp 1,180 to Rp 1,210. Stop loss at IDR 1,150. The target price is set between IDR 1,260 and IDR 1,300.

For TOWR, analysts suggest entering the price of Rp. 1,070 to Rp. 1,090. Stop loss at IDR 1,050. The target price is from IDR 1,150 to IDR 1,200.