The Composite Stock Price Index (IHSG) is predicted to strengthen in trading today, Thursday (25/4/2024). FOTO/doc.SINDOnews
JAKARTA – Composite Stock Price Index ( IHSG ) today is predicted to strengthen throughout trading with index movements in the range of 7,000–7,243.
Capital market observer and Founder of the WH Project, William Hartanto, said that from previous trading, the JCI showed the potential for a reversal. It is indicated that the weakening candlestick position below MA5 and MA20 has ended starting from the breakout of MA5.
“In the MA20 area there is resistance 7,243 which is the next JCI target,” wrote William in his analysis, Thursday (25/4/2024).
According to William, from the stocks that moved in yesterday’s trading, it can be seen that big cap stocks have returned to leading the JCI.
“For example, BBCA has strengthened again, approaching the 10,000 level in the last 2 days, and this is coupled with Prajogo Pangestu shares which also have a large weight on the JCI,” he said.
Technically, JCI has ended its weakening below MA5 and MA20 which occurred since yesterday’s trading. JCI has the potential to return to 7,200.
As for sentiment, there is no new sentiment to pay attention to at this time. Previously, JCI closed higher by +63.72 points (+0.90%) to 7174.53 in trading on Wednesday 24 April 2024.
A total of 255 shares rose, 304 shares declined, and 220 shares experienced no price change in yesterday’s trading. Transaction value reached 14.3T (all markets).
