Jakarta, CNBC Indonesia – After a day off for Eid al-Adha celebrations, the Jakarta Composite Index (JCI) on Wednesday (21/7/2021) is expected to continue to move lower by a number of brokers.
On Monday (7/19/2021) trading, the JCI closed down 0.91% to 6,017.39.
Several brokers have provided stock recommendations that are worthy of consideration before starting trading today.
1. Artha Sekuritas – Potentially Weak Index
JCI is predicted to weaken. Technically the candlestick forms a long black body indicating potential weakness. The movement is still overshadowed by the number of Covid-19 cases from within the country which has decreased but the death rate is getting higher so it is still quite worrying.
2. Samuel Sekuritas Indonesia – No Strengthening Momentum
JCI continues in the trading range of 5,900-6,150, and is now staying in the mid-range. There is no strong momentum yet.