JCI Predicted Still in the Green Zone, Back to Level 7,000?

By | Mei 25, 2022

JawaPos.com – The Composite Stock Price Index (JCI) on Tuesday (24/5) yesterday closed up 73.37 points or rose 1.07 percent to 6,914.14. For today’s trading, the JCI has the potential to remain in the green zone.

Head of Technical Analyst Research BNI Sekuritas Andri Zakaria Siregar said that the index still has a chance to rebound.

“JCI is seen in a neutral trend, as long as it is below 6,932, has the opportunity to rebound, closing above the 5 day MA (6,857). MACD indicator is bearish, stochastic is neutral & weak sell power. As long as it is above 6,620, there is a chance to reach 6,888 DONE-6,988-7,040,” he said, Wednesday (25/5).

The resistance level in today’s trading is at 6,876/6,939/6,973/7,032, while the support level is at 6,886/6,822/6,754/6,705, with an estimated range of 6,860-6,970.

Furthermore, BNI Sekuritas Research Analyst Maxi Leisyaputra said, the Dow Jones Industrial Average closed slightly higher by 0.15 percent, but the S&P 500 fell 0.81 percent, and the Nasdaq Composite index even recorded a sharp decline of 2.35 percent.

“The decline in shares of technology companies was due to investor concerns about a slowdown in digital advertising following warnings from social media company Snap,” said Maxi.

Editor : Mohamad Nur Asikin

Reporter : Saifan Zaking

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