Market Review (Session 1)

In session 1, JCI closed with negative 0.94% at level of 6,098.52

Market Prediction (Session 2)

JCI: The index continued its downward trend as it was unable to return above level 6,167. The index has confirmed signal of decline and will continue to weaken to our support flow area today.

• INDF: The price is corrected and is still above the support level II. The price still has the chance to strengthen if it doesn't break down below support level at 6,475. Ideally, wait for the next candle confirmation within 1-2 candles, it must maintain above support level to keep the opportunity to transition into a bullish trend.

• SMGR: The price failed to strengthen and breakdown to below support level. The price can continue to the next support at level of 10,750. The price can fall even further or continue the downtrend if the price break down to below level 10,750. To minimize the risk, we suggest to trading sell first.

• TLKM: The price only touches the highest level at 3,430 (+1.78%) or below the first target. The price is forming a bearish candle, there is a possibility that it will fall towards the support. The strategy we suggest remains buy on weakness in the support area.

• TOWR: The price is in correction and still in our buy range. If the closest it breakdown to below level 1,080, the price can go to our support level. We suggest may buy on weakness in the support area. The strategy after touching support later, may trading buy if the price is able to survive and becomes a bullish candle. Or if the price even breaks down support level , we wait and see first.

News

• PT Citra Marga Lintas Jabar (CMLI), a subsidiary of PT Citra Marga Nusaphala Persada (CMNP), obtained a loan of Rp.560 billion. The funds are for the settlement of the Syndicated Bank debt from CMNP on March 22, 2021.

• PT Sekar Laut Tbk (SKLT) recorded a net profit of IDR 42.521 billion at the end of 2020, or a decrease of 5.48 percent compared to the end of 2019, which recorded a net profit of IDR 44.988 billion.

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