JCI Seen to Falling Today


Jakarta - The Jakarta Composite Index in today's trading on Wednesday (18/8) will be in the range of 6,020-6,110.

Reliance Sekuritas analyst Lanjar Nafi said the JCI movement broke out the support for the 20-day Moving Average and would test the support for the 50-day Moving Average. Technically, the JCI movement will be confirmed at the 50-day Moving Average support at 6.068.  If there is a rebound at that level, it will be a turning point for the movement, still experiencing a positive trend. However, if it breaks out, it will become selling momentum with the potential for forming a head and shoulders pattern with indications of continued weakness until it is tested again. MA200 is currently around 5,979.

"The stochastic and RSI indicators move in bearish momentum accompanying the depressed movement of the MACD indicator which is naturally negative in the histogram. So it is estimated that JCI will move under pressure to test support with the rang


Penulis : Widya