US stock market managed to book a slight rebound on trading (12/01/2021), amid the lack of new sentiment. The market still hopes that the Joe Biden administration will distribute a large amount of additional stimulus package. Meanwhile investors still tend to wait and see ahead of the 2020 financial report release season.
Meanwhile, the room for JCI to strengthen appears to be increasingly limited after strengthening for 4 consecutive days. Investors are watching the fluctuation of the rupiah exchange rate and the start of the Covid-19 vaccination program. Today, JCI is expected to move with a tendency to weaken in the range 6,250 – 6,435.
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