Today, the Jakarta Composite Index today, Thursday (25/3), may remain in the red zone.

Binaartha Sekuritas analyst Nafan Aji said the JCI weakened yesterday following Finance Minister  Sri Mulyani's negative comment regarding the projection for economic growth in the first quarter of this year, which is still minus between -1% to -0.1%.

"The government to extend the PPKM Micro policy until April 5, 2021, was also given a negative response by market players," he said in his research.

Meanwhile, according to Nafan, the external sentiment was that US President Joe Biden's discourse to raise tax rates was responded negatively by market players.

"The bilateral relationship between the US and China, which is heating up again, has also been responded negatively by market players," he explained.

Nafan added that the development of the Covid-19 mutation raised concerns for market players.

"The market is also concerned about the increase in Covid-19 cases globally. Several countries in Europe are considering implementing a lockdown policy," Nafan said.

The movement of the JCI today, Nafan continued, based on the Fibonacci ratios, the maximum support and resistance are at 6,081.11 - 6,254.33.

"For today's JCI movement based on the MACD indicator, it has formed a dead cross pattern in the positive area. Meanwhile, stochastic and RSI are still showing negative signals," he said.

On the other hand, you can see a three black crows candlestick pattern which indicates a potential for further weakening in today's JCI movement.

As for a number of share recommendations that investors can consider for trading, including PT Bekasi Fajar Industrial Estate Tbk (BEST), PT Bank CIMB Niaga Tbk (BNGA), PT Ciputra Development Tbk (CTRA), PT Pakuwon Jati Tbk (PWON), PT Sarana Menara Nusantara Tbk (TOWR).