Jakarta, shesocial Indonesia
–
Index
Price
Share
Combined (
IHSG
) has the potential to continue weakening in trading Tuesday (5/8).
MNC Sekuritas Technical Analyst Herditya Wicaksana assessed that the stock index still has the potential to weaken in the near future.
He estimates that the current JCI movement is still in the technical correction phase, with a potential decrease to the range of 7,259 to 7,415.
“We see that IHSG is in the part of Wave (IV) from Wave [C], so it is still prone to correction and has the opportunity to test the closest support area,” Herditya said in his daily research.
With this sentiment, Herditya projects the JCI to move in the range
support
7,240, 7,415 and
resistance
7,675, 7,758.
He also recommended a number of shares, namely Adhi, Essa, Pani, and Sido.
Meanwhile, Binaartha Sekuritas analyst Ivan Rosanova said IHSG had the opportunity to end its correction trends while still surviving above the level
support
7,432.
But if it penetrates down, he estimates that the JCI will test further support in 7,354 which also coincides with the average line of movement (SMA) 20 daily.Conversely, the chance of changing trends towards a more positive direction will be open if the CSPI manages to penetrate the resistance 7,597.
“IHSG has the potential to immediately end the correction if it remains over 7,432, but it is necessary to be aware of the 7,354 further weakening if the level is penetrated,” Ivan said in his daily research.
He also predicted that the JCI moved at the support levels of 7,432, 7,354 and 7,271, and resistance 7,579, 7,667, 7,720 and 7,805 today.Ivan also recommended a number of shares, namely AKRA, ASII, Goto, INCO, and PGAS.
JCI closed at 7,464 on Monday (4/8) afternoon.The stock index weakened 73.12 points or minus 0.97 percent of the previous trade.
Citing RTI Infokom, investors made a transaction of Rp15.87 trillion with the number of shares traded as many as 29.61 billion shares.
At the close of yesterday, 325 shares strengthened, 317 corrected, and 162 stagnant.
[Gambas: shesocial video]
(DEL/AGT)
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