Market Review (Session 1)

In session 1, JCI closed with positive 0.55% at level of 6,007.35

Market Prediction (Session 2)

JCI: The index successfully closed higher with a bullish candle. JCI has the potential to continue strengthening to test the second resistance at 6,027.

• ASSA : The price is corrected and still in our buy range. The price touched support II and managed to go up. The price has the opportunity to strengthen after being able to hold above support level. Confirmation for buy may wait for the price to be bullish again or breakup to level 2,280.
• DMAS : The price is corrected and is still in our buy range. The price had touched support I and managed to hold above it. The price has the opportunity to strengthen after being able to hold above support level. Confirmation to buy may wait for the candle to be bullish or breakup to level 246 again.
• MAIN : The price is corrected and is still in our buy range. The price touched support II and managed to hold above it. The price has the opportunity to strengthen after being able to hold above support level. Confirmation to buy may wait for bullish again or breakup to level 890.
• MNCN : The price is still in a positive trend and still has the opportunity to continue strengthening as long as it maintain above support level. Ideally in the near term, the price should breakup to level 1,010 and hold above it. Be careful in case of it breakdown below support level.

News

• PT Dharma Satya Nusantara (DSNG) posted a first quarter 2021 profit of IDR99.3 billion. Rising 21 percent compared to the same period in 2020 was supported by the increase in palm oil prices.
• PT HM Sampoerna (HMSP) during the first quarter of 2021 recorded a net profit of IDR 2.59 trillion. That figure, decreased compared to the same period in 2020 with a profit of IDR 3.32 trillion.

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