There is still going to be another correction to hit the Jakarta Composite Index (JCI) today. Yesterday's decline will be continuing and weighing on the stocks. Read the full reviews and recommendations below as reported by Bisnis.com today:
JCI will possibly swing between 3,500-3,600 as confirmed by RSI that has indicated the index to be in bearish trend since Monday. The recommended stocks are BSDE, DOID, BDMN and HRUM.
Universal Broker Indonesia:
The index potentially touches 3,450-3,550 for the first scenario or falls deeper to 3,200-3,300 for second scenario. If it reaches bottom today or tomorrow, the index will perform less attractively by end of the year
Disclosure: No position at the stock mentioned above.
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