Jakarta, CNBC Indonesia – Jakarta Composite Index (JCI) managed to rise by 3.50% to 6,067.54 points on Monday (1/2/2021).
Although previously corrected quite aggressively, JCI was able to reverse its rebound by registering a transaction value of Rp 24.01 trillion with a frequency of 1.88 million times. Foreign investors had a turnover of Rp 616.29 billion.
The most traded shares include PT Aneka Tambang Tbk (ANTM), PT Bank Rakyat Indonesia Tbk (BBRI), PT Bank BRIsyariah Tbk (BRIS), PT Bank Central Asia Tbk (BBCA) and PT Timah Tbk (TINS).
Before you start trading on Tuesday (2/2/2021) consider the recommended stock options from a number of brokers summarized by CNBC Indonesia:
1. MNC Sekuritas – Continued strengthening of IHSG
JCI closed 3.5% higher at 6,068 on yesterday’s movement (1/2). MNC Sekuritas estimates that JCI is currently already in the early wave B of wave (4), so that the JCI movement still has the opportunity to continue its strengthening to the area of 6,150-6,200.
Binaartha Sekuritas – JCI Bullish Trend
Based on Fibonacci conditions, the support and resistance is 5,853.26 to 6,179.13. According to the indicators, the MACD has formed a dead cross pattern in the positive area. Meanwhile, Stochastic and RSI are in the neutral range.
However, a bullish immersive candlestick pattern is seen indicating a potential for further amplification in the JCI motion so that it has the ability to go to the nearest resistor.