Extension Restriction Overshadows JCI Movement


The Jakarta Composite Index in today's trading, Monday (26/7), was overshadowed by the extension of the fourth Level of Community Activity Restrictions (PPKM) for the next week, thus drawing investors' attention to the potential decline in business confidence.

Head of Research at Reliance Sekuritas, Lanjar Nafi, said that the JCI technically corrected after failing to break out the 6,150 resistance.

"The momentum of the stochastic and RSI indicators is still bullish as long as the JCI stays at 6,100 and the 5-day moving average is at 6,071," he said in his research.

The next movement, according to Lanjar, is still quite heavy, and JCI has the potential to test support at 6,100-6.071 to confirm the direction of the next movement.

"So we expect the JCI to move consolidated under pressure with support and resistance at 6.071-6.150," he explained.

Meanwhile, stocks that investors can observe technically includ


Penulis : Widya