Equity Lunch Research 26 March 2021
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26 Mar 2021

Market Review (Session 1)

In session 1, JCI closed with positive 0.82% at level of 6,173.21


Market Prediction (Session 2)

JCI: The index managed to strengthen and touched our resistance flow area. Ideally, JCI should return above level 6,176 to keep a chance to strengthen. We recommend to be careful if in the near future it does not return above that level and the next candle becomes bearish.

• CPIN: The price is still in a positive trend and still has the chance to strengthen as long as the support doesn't breakdown. Ideally the price should be able to break up to level 6,925 or the first target at 7,000, to maintain the uptrend.

• GJTL: The price is still in our buy range and still has the opportunity to strengthen and ideally the next candle should be bullish or break up to level 895 and not fall again in order to maintain the upward trend. We suggest to be careful in case it can't hold above the support level.

• INTP: The price is still in our buy range and still has a chance to strengthen and ideally the next candle should be bullish or break up to level 13,275 for the opportunity to the nearest resistance. We suggest to be careful in case it can't hold above the support level.

• TLKM: The price is still in a positive trend and still has the chance to strengthen as long as the support doesn't breakdown. Ideally the price should be able to hold above level 3,440 in the near term. We suggest to be careful if after touching the target, the price go down. The price is still in a trend consolidation trend.


News

• PT Suparma Tbk (SPMA) throughout 2020 recorded a net profit of Rp162.52 billion or grew 23.6 percent of the net profit of Rp.131.005 billion at the end of 2019.

• PT Waskita Karya Tbk (WSKT) recorded a net loss of IDR7.378 trillion at the end of 2020, or worsened compared to the end of 2019, which recorded a net profit of IDR938.14 billion.





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