JCI May Climb Friday Following the Fed Ruling

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  • TEMPO.CO, Jakarta - The stock price index (JCI) is predicted to continue to strengthen after the release of the Federal Reserve's decision to maintain interest rates, Bisnis.com reported Friday, September 18.

    Head of Research NH Korindo Securities Indonesia Reza Priyambada predict the index will within the support range of 4,300 and 4315 and resistance level within 4,385 and 4,405.

    "The Fed did not raise their interest rates, market conditions will likely continue to rise and at the same time re-testing the resistance levels, though the coming months will lead to new uncertainties," he said in his research, on Thursday.

    Technically, Reza describes the shooting star in the Middle Bollinger Band (MBB) area. MACD will try to climb again with shorter positive histogram. RSI, Stochastic, and William's are back up.