Market Review (Session 1)

In session 1, JCI closed with negative 0.67% at level of 6,313.46

Market Prediction (Session 2)

JCI: The index moved lower to our support flow. JCI tends to move in consolidation in the range of 6,307 - 6,358. If JCI breakdown to below level 6,307, it can continue go down to the level of 6,268. But if JCI is able to breakup to level 6,358, it can bounce back to the level of 6,394.

• ADRO: The price only managed to hit the first target at 1,335 and the highest was at 1.340 (+3.07%). If the price is closed in bearish candle, it may first go down towards support level. The price still has a chance to strengthen or is still in a positive trend if it maintain above the support level.

• HMSP: The price was corrected and is still in our buy range. The price still has the chance to strengthen if it maintain above support level in the near future. Confirmation to buy if the next candle is bullish again and be careful if it breaks down below support level.

• INTP: The price was corrected first and is still in our buy range. The price still has the chance to strengthen it maintain above support level in the near future. If it can't hold above support level, we suggest may wait at the next support levels of 12,800 - 13,050 to buy on weakness strategy. Confirmation to buy if the next candle is bullish again.

• LPPF: The price is still in a positive trend and the highest price was at 1,450 (+2.47%) or 1 tick below the first target. The price still has the chance to strengthen if it can hold above support level in the near future. Confirmation to buy if the next candle is bullish again and be careful if the price can't hold above support level.

• Trading Buy: BNGA, BEST, FREN, JPFA, MAIN, DOID, INDY, SSIA, KING, RALS.

News

• PT Jasa Armada Indonesia Tbk (IPCM) has completed the final stages of construction of 4 tugboats with a capacity of 2 x 2200 horse power with an investment value of IDR 230 billion. The company will add one tugboat and three motor guides with a total investment of IDR 95.4 billion.

• PT Sinas Mas Agro Resources and Technology Tbk (SMAR) throughout 2020, experienced a surge in profits. The company recorded a net profit of IDR 1.538 trillion, an increase of 71.26 percent compared to the end of 2019 of IDR 898.63 billion.

PT Kiwoom Sekuritas Indonesia (KSI)

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