JCI is expected to weaken on Monday (November 29th), see the movement of WIKA, ASRI and BRPT stocks – Post World

ILLUSTRATION. Employees walk past a screen showing stock movements on the Indonesian Stock Exchange in Jakarta. BETWEEN PHOTOS / Hafidz Mubarak A / aww.

Reporter: Kenia Intan | Editor: Herlina Kartika Dewi

KONTAN.CO.ID – JAKARTA. The Composite Stock Price Index (JCI) closed in the red on the weekend on Friday (November 26th). The JCI fell 137.79 points, or 2.06%, to 6,561.55 points.

Citing the Indonesia Stock Exchange (IDX), 10 of the 11 sectors on the exchange slid down. The industrial sector experienced the strongest decline with up to 3.61%. Thereafter, the raw materials and energy sectors fell 2.81% and 2.60% respectively.

Artha Sekuritas Indonesian analyst Dennies Christopher Jordan noted that the JCI weakened significantly, compounded by concerns over the uncontrolled inflation forecast in the United States. This has the potential to move the Fed to tighten tighter, leading to a sell-off in emerging markets, including Indonesia.

For Monday (29/11) trading, the JCI is forecast to weaken further with support levels at 6,506 to 6,451. The resistance now stands at 6,653 to 6,745.

Also read: JCI is forecasting a further weakening on Monday (29.11.)

“Technically, the candle forms a long black body with a fairly high volume. The stochastic indicator is moving a long way after it has formed a deadcross, which indicates a strong potential for decline, ”he explained in a study received by Kontan.co.id on Friday (November 26th).

On the flip side, the move continues to be overshadowed by concerns about the Fed’s tighter throttling plan. At the start of the week, the JCI movement also lacked sentiment due to domestic economic data.

Amid the JCI movement, which is set to weaken further, analysts take a close look at these stocks:

1. PT Wijaya Karya Tbk (LANGUAGE)

WIKA experienced a weakening back to the support level. WIKA tests support. Analysts suggest entering at a price of Rp 1,250 to 1,280 per share. Stop loss at IDR 1,235 per share. the target price is in the range of Rp 1,340-Rp 1,370 per share.

2. PT Alam Sutera Realty Tbk (ASRI)

ASRI experiences a weakening with quite high volume, roadside assistance. Analysts suggest Sell / Cut Loss. Investors are advised to enter this share at a price of Rp 185-Rp 190 per share. Stop loss at IDR 182 per share. ASRI’s price target is Rp 195 to 200 per share.

Also read: The new variant of Covid-19 worries, JCI crashed on Friday (November 26th) by 2.06%

3. PT Barito Pacific Tbk (BRPT)

BRPT Experiencing a fairly high volume weaken, Roadside Assistance. A sell / cut loss is recommended for investors. Analysts suggest entering at a price of Rp 1,045 – Rp 1,065 per share. Stop loss at IDR 1,025 per share. The price target for BRPT is between Rp 1,100 and Rp 1,120 per share.

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Reporter: Kenia Intan
Herausgeber: Herlina Kartika Dewi





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