Market Review (Session 1)

In session 1, JCI closed with positive 0.29% at level of 6,054.17

Indonesia's consumer confidence index increased 7.6 points from the previous month to 93.4 in March 2021, amid the massive COVID-19 vaccination program

Market Prediction (Session 2)

JCI: The index strengthened but with a bearish candle. JCI is likely to go down first to close the gap area and if after touching level of 6,030 level and breakdown occurs, there is a potential for testing our support level.

• ANTM: The price has broken down below the support, an initial indication that the price failed to strengthen. Downside tolerance is at the next support in level of 2,340. If in the near term, the price does not return above level 2,440, it may return to the downward trend in the short term.
• BBRI: The price had strengthened 1% and was closed in a bearish candle. If the next price is unable to stay above level 4,350, it can go to the support area first. We suggest may buy on weakness in the support area.
• BBKP: The price is still in correction and it is still in our buying range. If the price is able to go upward after touch support, there is a chance it will rebound. But be careful if the next candle is bearish again and broke down below support level.
• KRAS: The price is still corrected and is still in our buy range. The price still have the opportunity to strengthen if in the near future it maintain above support level. If the next candle can be bullish, it can be a signal to buy back. But be careful if the next candle is bearish again and broke down below the support level.

News

• PT Metrodata Electronics Tbk (MTDL) throughout 2020 won a net profit of IDR 364.93 billion, growing 2.2 percent compared to the end of 2019, which recorded a net profit of IDR 357.07 billion.
• PT Pabrik Kertas Tjiwi Kimia Tbk (TKIM) until the end of 2020 recorded a net profit of USD148.33 million or decreased by 10.8 percent compared to the end of 2019, which recorded a net profit of USD166.51 million.

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