Wall Street managed to rebound on (21/12); at the same time, ending the decline that occurred for 3 consecutive days. Nasdaq led the way with 2.4% gain as investors bought technology-based stocks. President Joe Biden says the US will not return to lockdown; although Omicron has now become the most dominant variant in the country.
From the domestic market, JCI was able to record a slight increase of 0.11% to 6,554; where the Industrial sector led with an increase of 1.16%. The lack of new positive sentiment means investors still tend to wait and see entering the Christmas period, which is generally synonymous with the Santa Klaus Rally. Technically, JCI has the opportunity to continue strengthening in the range of 6,500-6,620.
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