Market Review (Session 1)

In session 1, JCI closed with negative 0.33% at level of 5,993.35

Market Prediction (Session 2)

JCI: The index closed down with a bearish candle. JCI had touched the first resistance, but was unable to break it. JCI is expected to continue the decline towards the support at 5,974 (as the gap area that must be closed)

• DOID: Price closed strengthen with a bearish candle and still has the chance to strengthen if it can hold above support level. For the next buy signal, may wait for the candle to return to bullish or the nearest can breakup to level 372. Be careful if later if the price breakdown below support level.
• INTP: The price is corrected and is already at the cut-loop level. If the next price does not return above the support level, the price can continue to the next support at 12,425 & support II at 12,050. We suggest may use buy on weakness strategy in the support area.
• LPPF: The price is corrected and still in our buy range. The price had strengthened by +1.84%. The price might test support level first. Be careful if the price breakdown below support level, the price could go down to the next support at 1,660. This scenario may becomes a buy signal again if the price is bullish again or breaks up to 1,920.
• SAME: The price only touches the first target at 545 and the highest at 550 (+2.80%) or 1 tick below the second target. The price closed a bearish candle and might test support level. Be careful if the price breakdwon below support level, it could continue to fall to the next support at 488. This scenario will be a buy signal again, if the price is bullish again or breakup to 545.

News

• PT Kabelindo Murni Tbk (KBLM) posted revenue of IDR 300.97 billion during the first quarter of 2021. This realization was up 17.06% from revenue in the first quarter of 2020 which was only IDR 257.10 billion.
• Intiland Development (DILD) during the first quarter of 2021 recorded marketing sales of Rp310 billion. The acquisition has jumped 165 percent compared to the same period in 2020 amounting to IDR117 billion.

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