Market Review and Prediction

The Wall Street indices closed mixed, with the Dow Jones and S&P 500 showing gains, while the Nasdaq Composite experienced a pullback. Nvidia's stock weakened ahead of its earnings report. Investors were also digesting Target's financial performance, which fell short of estimates. Rising political tensions further weighed on sentiment. After market hours, Nvidia reported better-than-expected sales, profits, and projections for the current quarter. Crude oil prices corrected due to rising US oil reserves, while gold prices strengthened amid increasing political tensions.

JCI closed lower by 0.21% at 7,180 on Wednesday, November 20, 2024. The technology sector saw the largest correction, while the energy sector posted the biggest gains. Foreign investors recorded a net sell of IDR 436.22 billion, including transactions in the non-regular market. For today's trading, the IHSG is expected to move within the support range of 7,150/7,130 and resistance range of 7,230/7,270. Stock picks: ASII, TLKM, ISAT, EXCL, HRUM, UNTR, ICBP, INDF, SRTG, ADMR.

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