JCI Seen to Weaken Today


The Jakarta Composite Index today, Monday (19/4), has the potential to weaken.

Binaartha Sekuritas analyst M. Nafan Aji Gusta Utama said several sentiments would affect the JCI movement on Monday (19/4) trading. The market will await the outcome of the Bank Indonesia Board of Governors Meeting to maintain the BI 7-Day Reverse Repo Rate (BI7DRR).

"The volatility of the rupiah exchange rate, the potential increase in the 10-year US Treasury, and the lack of domestic and global macroeconomic data will also affect the JCI movement," Nafan said in his research.

Nafan projects that the JCI will move lower on Monday's trading (19/4). Based on the Fibonacci ratios, the maximum support and resistance are at 6,027.60 and 6,167.72.

Based on the indicator, MACD has succeeded in forming a golden cross pattern in the negative area. Meanwhile, Stochastic and RSI are still in the neutral area. Nevertheless, Nafan continued, there was a bearish p


Penulis : Widya