Bisnis.comJAKARTA – The Composite Stock Price Index (IHSG) still has the potential to strengthen in today's trading, Tuesday (11/6/2019), although it may be overshadowed by profit-making or profit-making.
JCI posted a 1.29 percent increase yesterday, to 6,289.61. As of the week, most Asian stock indexes also rose significantly, the Hangseng (+ 2.27%) and Shanghai (+ 1.29%) rose after the Nikkei (1.20%) and TOPIX (+ 1.34%).
Edo Ardiansyah, from the research division of PT Erdikha Elit Sekuritas, said that technically the index yesterday was closed higher in the green zone forming a pattern trend gap accompanied by significant volume.
The strengthening of JCI earlier this week was driven by a range of domestic sentiments, such as the release of BPS data on the May 2018 inflation rate of 0.68% on a monthly basis, while annual inflation was at the level of 3.32%.
Release results Standard & Poor'sIS (S & P), which raises Indonesia's debt rating to BBB level, is also an important catalyst.
"The stochastic indicator entered the saturation level of the purchase (overbought) For today's trade, it is estimated that the move will rise with a range of moves from 6,095 to 6,400, "he said in a written statement on Tuesday (11/6/2019).
Medium-term resistance at 6.340 does not exclude the possibility of technical experience rebound in the short term, but be aware if support level 6,130 is broken, does not rule out the possibility of the index for correction in the medium term.
Actions that can be observed by ANTM, ERAA, ISAT, INKP, MAIN and WSKT.
Meanwhile, Reliance analyst Sekuritas Indonesia, Lanjar Nafi, assessed that the JCI movement technically jumped to hit the MA50 target forming a pattern candlestick & # 39; Shooting Star & # 39 ;, which begins short-term uptrend.
"The JCI condition is technically quite worrisome with a reasonable correction signal in the short term," he said.
He explained that the Stochastic and the RSI indicators began to appear expensive in the area of overbought. In this way, Nafi suggested to start taking profit-taking actions at the best prices, with a reasonable corrected JCI potential to close again gap formed with support–resistance 6,200-6,304.
Actions that can still be observed include WTON, MAIN, BDMN, INCO and ERAA.
JCI today can be accompanied by reports to live the next: