All major US markets simultaneously experienced a sharp decline at the close of trading (27/01/2021). Investors’ attention is focused on the phenomenon of speculation carried out by retail investors on stocks with large short positions. Meanwhile, the head of Fed Jerome Powell warned that the economy is still far from being restored.
Domestically, the weakening global stock market may potentially put pressure on JCI amid the lack of positive catalysts. Yesterday, despite declining, buying
was seen which was marked by the formation of a hammer candlestick. For today, JCI is expected to move in the range of 6,000 – 6,300.
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