Ahead of the Weekend, JCI is Predicted to Be Cash

Suara.com – The Composite Stock Price Index (IHSG) is predicted to move higher ahead of this weekend.

This strengthening potential occurs after the Fed raised interest rates further earlier this week.

CEO of Yugen Growing Sekuritas William Surya Wijaya said that this week’s stock trading was short and marked the beginning of the fasting month. The increase in the JCI in the last trade, Tuesday (21/3/2023) was more of a technical rebound.

“The increase in the JCI still looks to be a technical rebound, an increase is still possible considering that the JCI looks strong enough to protect its nearest support level,” William said in his analysis quoted on Friday (24/3/2023).

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However, if a minor correction occurs, investors can still take advantage of the momentum to make accumulated purchases, considering that investor interest can be seen from the capital inflow data throughout 2023 which is still quite high. Foreign investors’ net buy reached IDR 3.44 trillion during the year.

So according to William, the potential for an increase in the JCI movement pattern in the long term is still quite large.

“Today, the JCI has the potential to move within the range of 6,598 – 6,732,” he said.

For today William recommends stocks such as BBNI, AKRA, ITMG, TLKM, BMRI, AALI, SMGR, ICBP.

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Source: Suara.com – Berita Terbaru Bisnis, Ekonomi, Investasi Indonesia by www.suara.com.

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