Market Review (Session 1)

In session 1, JCI closed with negative 0.46% at level of 5,983.77

Market Prediction (Session 2)

JCI: The index is moving down with a bearish candle. The index is predicted to continue its decline to our support flow area at 5,929 - 5,960.

• ACES: The price is in correction and still in our buy range. The price still has the chance to strengthen if it can hold above support level in the near future. We suggest to be careful if it go down below support level, the price will test the next support at 1,500. If the price go down below level 1,500, the downward trend will continue.
• BFIN: The price is in correction and still in our buy range. The price still has the chance to strengthen if it can hold above support level in the near future. We suggest to be careful if it go down below support level, the price will test the next support at 630. If the price go down below level 630, the downward trend will continue.
• FREN: The price is in correction and still in our buy range. The price still has the chance to strengthen if it can hold above support level in the near future. We suggest to be careful if it go down below support level, the price will test the next support at 74. If the price go down below level 74 the downward trend will continue.
• JPFA: The price is still in a positive trend with a bullish candle. The price still has the chance to continue strengthening if it is able to stay above level 2,040 (It could be a benchmark for support). We suggest to be careful if within 1-2 candles fail to hold above level 2,040 (False breakout), the price can fall back to the support area.

News

• PT Wahana Ottomitra Multiartha, (WOMF) faced tough challenges at the start of the pandemic. The total distribution of WOMF financing in 2020 decreased by 59 percent compared to the previous year to IDR 2.4 trillion. As a result, WOMF's total revenue fell 24 percent over the previous year to IDR 2 trillion.
• PT Mitrabahtera Segara Sejati (MBSS) during 2020 a net loss of USD14,989 million. That record, worsened compared to the end of 2019 with a net profit of USD1,587 million.

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