IHSG Fast 1.14 Percent Leave level 4,000

Combined Stock Index (IHSG) was opened up on sale Tuesday (20 / 10). Stock index up 57 points or 1.14 percent to level 5.053.

According to RTI Business data at 09.03, IHSG was opened to weaken at 4,980 before heading to the highest level at 5.056.

At the opening, 249 stocks grew, 327 weakened, and 139 stagnant. Market capitalization recorded as Rp8,925,437 trillion.

The trading volume reaches 5.48 billion shares with the value of Rp2.83 trillion and transaction frequencies 128,757 times.

The tech analyst MNC Securities Herditya Wickana estimates that IHSG still has a chance of rising in the short run to test area 5.046-5.133.

However, investors need to alert the potential reversal direction that can bring corrected indexes to a range of 4,766-4.846.

"In a small time frame, IHSG is expected to be in the wave section iii of the wave. The reinforcement still stands for 5,046-5.133, but be aware of the course reversal to 4,766-4.846," Herdits in daily research.

Herditya projects IHSG moving in range of support 4,915, 4,754 and resistance 5.318, 5.563 today.

Meanwhile, the Binaartha Analyst Securities Ivan Rosanova estimates the stock index still potentially continues to replenish because the proclivities for corrections are expected to end.

Nevertheless, the odds of rebound are open if the index is able to survive above a 4,737 level at weekly closing, although the reinforcement is estimated limited.

"IHSG almost reached Fibonacci's target 200 percent at level 4.737 as a projection of the iii wave. If the weekly closure survives at a level of 4,737 or higher, the index is expected to rebound," Ivan says.

He predicted IHSG to move at a level of support 4.900, 4,767 and 4.629, and resistance 5.068, 5.167 and 5.328.