Jakarta - Head of Research Retail MNC Sekuritas Herditya Wicaksana alias Didit projected technically that as long as the Composite Stock Price Index (IHSG) is maintained above the level of 6,931 as its support, then IHSG still has the opportunity to strengthen to the level of 7,227 to 7,305.
However, he said that if the JCI is corrected below the level of 6,931, then it is estimated that the JCI will test the levels of 6,742 to 6,835.
"As long as the JCI is maintained above the level of 6,931 as its support, the JCI still has the opportunity to strengthen to the level of 7,227 to 7,305," said Didit when contacted by Antara in Jakarta, Friday.
In line with the IHSG performance projection, Didit recommends that investors collect stocks in the basic materials sector.
"For issuers, we can observe MDKA (1,745-1,895 per share), INKP (6,825-7,000 per share), and TINS (1,130-1,170 per share)," said Didit.
Currently, globally, market players are awaiting the policy of the United States (US) central bank, The Federal Reserve (The Fed) at the Federal Open Market Committee (FOMC) meeting on January 28-29, 2025.