JCI is expected to weaken, take a close look at the 6 actions recommended by this analyst on Wednesday (3/24)

Reporter: Ika Puspitasari | Editor: I knew laoli

KONTAN.CO.ID – JAKARTA. The Jakarta Composite Index (JCI) closed lower again on Tuesday (4/23). JCI corrected 0.77% to 6,252.71 levels today.

Binaartha Sekuritas analyst M. Nafan Aji Gusta Utama said that the JCI movement still has the potential to weaken for more operations, on Wednesday (3/24).

Based on Fibonacci ratios, Nafan said, both support and endurance the maximum was from 6,167.72 to 6,307.84. According to the indicators, the MACD has formed a pattern dead cross in the positive zone.

“Meanwhile, the Stochastic and the RSI are in the neutral zone. On the other hand, there is a pattern long black marubozu candle which indicates the potential for more corrections to the JCI move, ”he said in his research on Tuesday (3/23).

Read also: Economic growth is predicted to still contract, this is the impact on JCI

As for a number of action recommendations investors can consider, including the following:

1. PT AKR Corpindo Tbk (AKRA)

Price movement remains above the lower line of bollinger and visible patterns spinning top candle which indicates a possible purchase stimulus. Nafan recommends that the accumulation in the area of ​​level of Rp 3,290 – Rp 3,320, with a target price gradually at the level of Rp 3,370, Rp 3,540, Rp 3,720 and Rp 3,890. Support: IDR 3,270 and IDR 3,190. (RoE: 8.47%; PER: 14.92x; BPA: 221.80; PBV: 1.27x; Beta: 1.76).

2. PT Astra International Tbk (ASII)

Price movement remains above the lower line of bollinger and visible patterns bullish counterattack candle pattern which indicates a possible purchase stimulus.

Suggested accumulation at the Rp level. 5,500 – Rp. 5,600, with an indicative price gradually at the level of Rp. 5,700, Rp. 5,800, Rp. 6,600, Rp. 6,650 and Rp. 7,775. Support: IDR 5,400 and IDR 5,000. (RoE: 8.27%; PER: 13.91x; BPA: 399.11; PBV: 1.15x; Beta: 0.81).

Read also: JCI corrected 0.77% to 6,252.71, many of these shares were sold by foreigners, Monday (3/23)

3. PT Delta Dunia Makmur Tbk (DOID)

Seen a pattern spinning top candle indicating an action potential profit taking on the movements of the share price. Nafan offers recommendations partial sale at the level of Rp.450 – Rp.456, with a target price of Rp.420. Endurance: Rp. 470. (RoE: -1.73%; PER: -52.65x; BPA: -8.55; PBV: 0.91x; Beta: 3.31).