Market Review (Session 1)

In session 1, JCI closed with positive 0.30% at level of 6,214.

Market Prediction (Session 2)

JCI: The index managed to strengthen with a bullish candle. JCI is almost approaching our resistance flow area. If after touching resistance, it is reversing direction, the index will fall back to our support flow area.

• AKRA: The price was corrected first and is still in our buying range. The next buy signal if the next candle is bullish and breakup to level of 3,380. If it can't hold above support level, the price can continue down to the next support I at 3,210 and Support II at 3,110 (We suggest may buy back in this area).

• BBTN: The price was corrected first and is still in our buying range. The next buy signal if the next candle is bullish and breaks up to level 1,850. If it can't hold above support level, the price can continue down to the next support I at 1,765 and Support II at 1,725 (May buyback in this area).

• SCMA: The price managed to hit our target at 1,795 and the highest was at 1,820 (+5.5%). The price still have the opportunity to continue strengthening. If it is able to strengthen again the next targets at 1,845 and 1,895. We suggest to be careful if the next candle moves bearish, the price can return to the support level. The next support benchmark is at level of 1,735.

• SMRA: The price is still moving in our buying range. We suggest may wait in the support area if it go down first. The price still has the chance to strengthen as long as the support doesn't breakdown. We suggest to be careful if the price can't hold above support level, it can continue down to levels of 920 - 935.

News

• PT Bank QNB Indonesia (BKSW) throughout 2020, recorded a current year's loss of IDR 422.16 billion. Worse than the end of 2019, the current year's profit was IDR 5,277 billion.

• PT Inti Bangun Sejahtera Tbk (IBST) will complete the sale of 3,000 towers to PT Tower Bersama for IDR 3.98 trillion. Apart from tower sales transactions, IBST also receives rental fees from the buyer because some of the towers are on the company's land.

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