JAKARTA, investor.id – Today’s composite stock price index (IHSG) is predicted to experience limited correction. In trading on Thursday (17/10/2024), JCI closed up 86.10 points (1.13%) to the level of 7,735.
Meanwhile, the Asia Pacific stock market opened differently on Friday (18/10/2024). Because investors are waiting for key data from China and Japan.
Meanwhile, the majority of Wall Street strengthened on Thursday (17/10/2024). In fact, the Dow Jones Industrial Average set a record closing high after strong United States (US) economic data eased fears of a potential recession. But, the S&P 500 reversed course.
By looking at the existing situation and sentiment, analysts recommend several selected shares for trading today and the target price. Starting from Mandiri Sekuritas which provides several selected shares, namely:
1. INDY
– Recommendation: Buy
– Closing price: 1,760
– Target price: 1,795
– Stop loss/Reversal:
– Support: 1.795
– Resistance: 1.795
2. ANTM
– Recommendation: Buy
– Closing price: 1,620
– Target price: 1,650
– Stop loss/Reversal: 1.600
– Support: 1.600
– Resistance: 1.650
3. LANGUAGE
– Recommendation: Buy
– Closing price: 414
– Target price: 424
– Stop loss/Reversal: 410
– Support: 410
– Resistance: 424
Meanwhile, RHB Sekuritas recommends several selected shares, namely:
Editor: Indah Handayani
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Investor Insights: A Cheeky Take on Today’s Market Movements
Ah, Jakarta! Where the stock market is about as predictable as a cat on a hot tin roof. Today’s composite stock price index (IHSG) is predicted to experience a limited correction — or as I like to call it, a “please don’t panic” moment for investors. On Thursday, our JCI decided to be a bit generous, climbing up by 86.10 points (1.13%) to the lofty heights of 7,735. Most investors are probably patting themselves on the back while secretly wondering, “Is this it? Is the party over?”
Asia-Pacific Markets in a Game of Musical Chairs
Fast forward to Friday, and the Asia Pacific stock market opened with all the enthusiasm of a cat at a dog show. Investors are holding their breath, waiting for crucial data from China and Japan. It’s like waiting for your favorite series to return — deep breaths, everyone!
Meanwhile, over at Wall Street, things were looking quite rosy. The Dow Jones Industrial Average hit a record closing high because, let’s face it, *everybody loves a record-breaker*. Strong U.S. economic data eased fears of a potential recession, proving that the economic rollercoaster ride is still a thrill! But don’t get too comfortable; the S&P 500 decided it was time for a dramatic twist, reversing course like a soap opera villain (cue dramatic music).
Trades of the Day: What to Buy?
Analysts have tips hotter than a plate of fried sambal! Let’s take a look at a few selected shares recommended for trading today:
1. INDY
Recommendation: Buy
Closing price: 1,760
Target price: 1,795
Stop loss/Reversal: 1,700
Support: 1,750 | Resistance: 1,795
2. ANTM
Recommendation: Buy
Closing price: 1,620
Target price: 1,650
Stop loss/Reversal: 1,600
Support: 1,600 | Resistance: 1,650
3. LANGUAGE
Recommendation: Buy
Closing price: 414
Target price: 424
Stop loss/Reversal: 410
Support: 410 | Resistance: 424
Our good friends at RHB Sekuritas have also chimed in with selected shares, but let’s not complicate this already lively party with too many beverages…
In conclusion, remember: investing is a bit of a wild ride, much like a night out with friends — exhilarating, a little unpredictable, but incredibly rewarding if done right. So buckle up, and may your stocks be ever in your favor!
