JCI Seen to Move Lower Today


The Jakarta Composite Index (JCI) today, on Friday (19/2), may still move lower.

"Today's JCI movement based on the MACD, stochastic and RSI indicators is still showing positive signals. However, there is a three outside down candlestick pattern which indicates a potential for further correction to the JCI movement today so that it has the opportunity to go to the nearest support, "said Binaartha Sekuritas analyst Nafan Aji in his research.

According to Nafan, today's JCI movement based on the Fibonacci ratio has support and resistance at 6,179.13 and 6,256.03.

Investors can consider PT Astra Agro Lestari Tbk (AALI), PT BPD Jawa Barat Tbk (BJBR), PT BPD Jawa Timur Tbk (BJTM), PT Bank Mandiri Tbk (BMRI), PT XL Axiata Tbk. (EXCL) for trading today.
 


Penulis : Widya