Market Review (Session 1)

In session 1, JCI closed with positive 1.45% at level of 6,013.30

Market Prediction (Session 2)

JCI: The index managed to strengthen with a bullish candle to the level of 6,013 (+1.44%). JCI has the potential for testing the resistance level of 6,024. If the breakup is successful, there is potential to continue to the next resistance at ,.061. For the benchmark support at level of 5,991.

• BFIN: The price has successfully touched the target at 750 (+ 4.16%). The next support at the range of 720 - 725. The price continues strengthening with the next target resistance at 785 - 795. Ideally the price should stay above level 725, in order to continue the upward trend. Be careful if the price can't hold above level 725.
• SAME: The price is in correction and still in our buy range. The price still have the opportunity to continue the upward trend. Further confirmation t buy, the candle should be bullish again and be careful in case of it breakdown to below support level.
• SMGR: The new price hits the first target at 10,725 and the highest is at 10,825 (+3.09%). The next support benchmark is at 10,600. The price still has a chance to strengthen up to the second target. Be careful if the next candle becomes bearish, the price can first fall to the initial support.
• TOWR: The new price touches the first target at 1,150 and the highest is at 1,155 (+2.66%). The next support benchmark is at 1,115. The price still has a chance to strengthen up to the second target. Be careful if the next candle becomes bearish, the price can first fall to the initial support.

News

• PT Langgeng Makmur Industri Tbk (LMPI) posted a net income of Rp 513.61 billion throughout 2020. This amount decreased by 0.75% on an annual basis (yoy) from the 2019 net income of Rp 517.51 billion.
• Entering the momentum of Ramadan, PT Panca Budi Idaman Tbk (PBID) has experienced an increase in demand for plastic packaging in the food and beverage industry sector.

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