Potentially Composite Stock Price Index Rises

Equity World, Jakarta - Motion Stock Price Index (CSPI) has the potential to strengthen the stock trading on Tuesday this week.

PT Asjaya Indosurya Securities analyst William Suryawijaya said JCI looks are attempting sliding consolidation range. It is shown from the nearest resistance levels are penetrated. William said, the next resistance level at 5451 which needs to be penetrated. While the level of support is stable at around 5,304.

"JCI resistance level needs to be penetrated to re-strengthen the pattern of short-term rise," William said in his review, Tuesday (02/14/2017).

He further said, if there is a correction, it can be used to purchase accumulation. It was given the pattern index is still stronger in the long run.

Meanwhile, an analyst at PT Reliance Securities Lanjar Nafi said, JCI potentially strengthened but limited. JCI will move in the range of 5378-5430.

"Technically, JCI has reached the resistance level. Stochastic indicator on the consolidated near the overbought area with limited upward momentum," he said.

For stock recommendations, Lanjar said, stocks may be considered market participants, namely Shaam PT AKR Tbk (AKRA), PT Gajah Tunggal Tbk (GJTL), PT Kalbe Farma Tbk (KLBF), and PT Kimia Farma Tbk (KAEF).

While William chose PT Adhi Karya Tbk (ADHI), PT Jasa Marga Tbk (JSMR), PT HM Sampoerna Tbk (HMSP), and PT Bank Central Asia Tbk (BBCA).

Earlier in yesterday's trading, stock index rose 37.88 points or 0.70 percent at 5409.55. Daily transaction value reached Rp 8.51 trillion. Total frequency trading 451 028 times.

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