Market Review (Session 1)

In session 1, JCI closed with negative 0.72% at level of 5,905.48

Market Prediction (Session 2)

JCI: The index moves down with a bearish candle. JCI will continue its decline towards our support area at the range of 5,853 - 5,892.

• BNII: The price is still corrected and is still in our buy range. The price still have the opportunity to strengthen as long as it maintain above support level. There is still a chance to continue the upward trend in the medium term as long as the price maintain above level 398. Be careful if it breaks down to below the support level.
• MAIN: The price is still corrected and is still in our buy range. The price had breakdown below support and was able to stay above the support. The price still has a chance to strengthen as long as it closed above support level. Confirmation to buy is wait for the candle to return to bullish. Be careful if it breaks down to below the support level.
• SILO: The price is still in a positive trend and strengthening 1.44%. The price still have the opportunity to continue strengthening. Ideally breaks up the nearest at level of 7,100 to continue the bullish trend. If the price goes down first, we suggest may wait in the support area to buy on weakness. Be careful if it breaks down to below the support level.
• TBIG: The price managed to touch level 2,190 and the highest was at 2,350 (+10.3%). The next support benchmark is at 2,280. The price still has the opportunity to continue strengthening as long as it remain above level of 2,280. If the price breakdown below level 2,280, please wait at the support area at 2,190 to buy on weakness.

News

• PT Indah Kiat Pulp & Paper Tbk (INKP) recorded a net profit of US$ 294.05 million throughout 2020. This realization was up 7.17% from INKP's net profit in 2019 of US$ 274.37 million.
• Pefindo has revised the outlook for Barito Pacific (BRPT) from negative to stable. This revision reflects the improvement in BRPT's liquidity position in the short to medium term.

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