Today, the Composite Stock Price Index is Predicted to Move around the Range of 5,760-6,002
By : Abraham Sihombing And Aldo Bella Putra | Friday, May 11 2018 - 14:00 IWST
PT Indofood Sukses Makmur Tbk (INDF (Foto Istimewa)
INDUSTRY co.id - Jakarta - Jakarta Composite Stock Price Index (BEI) is predicted to rise in the range of 5,760-6,002 on Friday trading (11/05/2018), after trading two days earlier to rise to position 5,907.
"JCI today tends to maintain the support point of 5,760. The index movement in this short week is still visible how deep the consolidation range is reasonable, "William Suryawijaya, an analyst at PT Indosurya Bersinar Sekuritas, said in Jakarta on Friday (5/11/2018).
Meanwhile, according to William, resistance level 6.002 seems to be achievable in the near future. JCI's efforts to break the point of resettlement are supported by stable domestic economic fundamentals at the moment.
William said, with the JCI's efforts to maintain the upward trend in trading today, then it can be used by market participants to accumulate stocks of their choice.
William himself advised market players to observe various stock price movements, namely PT Bank Negara Indonesia Tbk (BBNI), PT HM Sampoerna Tbk (HMSP), PT Jasa Marga Tbk (JSMR) and PT Telkomunikasi Indonesia Tbk (TLKM).
"In addition, they are also asked to observe the shares of PT Indofood CBP Sukses Makmur Tbk (ICBP), PT Pakuwon Jati Tbk (PWON), PT Bank Jatim Tbk (BJTM), PT Indofood Sukses Makmur Tbk (INDF) and PT Bank Central Asia Tbk (BBCA), "added William. (Abraham Sihombing)