JCI Seen to Continue Rising


The Jakarta Composite Index in today's trading, on Monday (7/6), is expected to continue its strengthening trend.

Reliance Sekuritas Analyst Lanjar Nafi sees a bearish harami pattern is formed with indications of pulled-back upper Bollinger bands and 161.8% Fibonacci pivot resistance at around 6100.

"Several economic data shows Indonesia's economic recovery and indications of effective government policies," he explained.

Shares of BMRI, ASII, UNVR, BRPT, and ICBP as large-cap stocks experienced a natural correction at the weekend. But foreign investors still recorded a net buy of Rp 265.38 billion.

"Furthermore, investors will focus on data on foreign exchange reserves and retail sales in the country with positive expectations and China's trade activities with a composition of exports and imports," said Lanjar.


Penulis : Widya