JCI Seen Corrected Today


The Jakarta Composite Index today, on Tuesday (18/5), may continue falling.

"Today's JCI movement (18/5) based on MACD, Stochastic and RSI indicators shows negative signals. On the other hand, there is a long black marubozu candle pattern which indicates a potential for further correction to the JCI movement today, "said Binaartha Sekuritas analyst Nafan Aji in his research.

According to Nafan, the JCI today (18/5), based on the Fibonacci ratios, may move within the maximum support and resistance range of 5,828.74 and 5,933.19.

As for a number of share recommendations that can be considered by investors, including PT Alam Sutera Realty Tbk (ASRI), PT Astra Otoparts Tbk (AUTO), PT BPD Jawa Timur Tbk (BJTM), PT Charoen Pokphand Indonesia Tbk (CPIN), PT Indofood Sukses Makmur Tbk (INDF).


Penulis : Widya