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Jakarta, CNBC Indonesia – When closing the operations at the end of last week, the Composite Stock Price Index (JCI) advanced in the green zone with a gain of 0.045% at a level of 5,461.05 points. In one week, JCI was up 2.35%.
The commercial data recorded that the value of the transaction reached Rp. 8.76 trillion with a volume of 12.35 billion units of shares. Foreign investors recorded a net sale of Rs 237.85 billion.
Stocks that were heavily traded last Friday include PT Telekomunikasi Indonesia Tbk (TLKM), PT Bank Negara Indonesia Tbk (BBNI), PT Garuda Indonesia Tbk (GIAA) and PT Aneka Tambang Tbk (ANTM).
Before you start trading on Monday earlier this week (11/16/2020) consider recommended stock options from a number of brokers summarized by CNBC Indonesia:
MNC Sekuritas: potential to continue to strengthen
Closing last week (11/13/2020), JCI moved slightly higher at 0.1% and closed at the 5.461 level. As long as it has failed to strengthen above 5,520, JCI is expected to be at the beginning wave iv of wave (v) of wave [iii]. Meanwhile, the level of correction wave iv is in the 5,350-5,412 area and is expected to close immediately gap down.
Preferred shares:
BMRI
EXCL
Cans
ACES
Profindo Sekuritas – JCI Bullish Momentum
At the beginning of this week’s negotiation, JCI was technically still showing momentum bullish. Stochastic indicator shows neutral Upper area, while MACD confirmed a positive histogram and pattern uptrend.
Preferred shares:
Cans
SMBR
PTPP
RALS
Reliance Sekuritas – Global Exchange Recovery
Global stock markets have rebounded to pre-pandemic highs after optimism about a vaccine last week boosted equity markets. However, concerns about a sustainable economic recovery persist amid increasing volatility in Corona virus cases around the world.
Preferred shares:
EXCL
ICBP
KLBF
UNVR
Binaartha Sekuritas – JCI will continue to grow stronger
Based on the MACD indicator, stochastic and RSI still shows a positive signal. On the other hand, some patterns are seen bullish spinning top candle indicating a potential strengthening in the JCI movement today so that you have the opportunity to address resistance closest (upper limit).
Based on Fibonacci indices, the JCI movement is expected to advance to this level support for (lower limit) and resistance in the range of 5,381.95 to 5,529.96.
Preferred shares:
BMRI
ANTM
LPCK
TLKM
[Gambas:Video CNBC](bag bag)
