JCI Seen to Move Higher Today
The Jakarta Composite Index (JCI) today, Tuesday (16/2), is expected to move higher.
Head of Research Reliance Sekuritas Indonesia, Lanjar Nafi said, the Composite Stock Price Index (JCI) strengthened 0.77 percent or 47.80 points to a level of 6,270.32.
"Technically, JCI is moving optimistically above the 20-day moving average (20 moving average) and testing the upper bollinger bands resistance and fractal levels around 6,286 to confirm further strengthening," he said.
Meanwhile, the Stochastic indicator is consolidating in the overbought area with RSI momentum providing bullish signals. The MACD indicator is moving positively towards overvalue.
"So, technically JCI still has the potential to continue its strengthening with support resistance 6,217-6,330," said Lanjar.
Meanwhile, investors can consider stocks for today's trading: ASII, ACES, JSMR, MAPI, PGAS, SMGR, TBIG, TLKM, and WSKT.