Market Review (Session 1)

In session 1, JCI closed with negative 0.77% at level of 5,788.68

Market Prediction (Session 2)

JCI: The index closed down with a bearish candle. JCI is still expected to continue its decline to the support flow area at 5,735 - 5,775.

• BMRI: price closed down with a bearish candle. The price will still move towards support and may use buy on weakness strategy in the support area. Be careful if it breakdown below support, the price can continue to fall to the support at 5,400.
• KLBF: price closed down with a bearish candle. The price will still move towards support amd may use buy on weakness strategy in the support area. Be careful in case of it breakdown below support, the price could go down to the support at the range of 1,410 – 1,420.
• KOTA: The price briefly strengthened to the first target at 288 (+4.3%) and the highest at 292 (+5.79%). The price still has a chance to strengthen again if it is closed still a bullish candle. Supported the volume that increased the last 2 days. Be careful if the price closes into a bearish candle.
• TCPI: The price had strengthened to the first target at 7,850 and the highest was at 7,925 (+2.92%) or 1 tick below the second target. The price still has a chance to strengthen again if it is closed still a bullish candle. The next support benchmark is at 7,700. If the price closed below level 7,700, the price could move down to the support area.

News

• PT Weha Transportasi (WEHA) throughout 2020 must be willing to bear a loss of IDR 33.55 billion. This result is inversely proportional to the same period in 2019 with a net profit collection of IDR 3.90 billion.
• PT Ekadharma International Tbk (EKAD) recorded a profit attributable to the owners of the parent company amounting to IDR 30.34 billion until March 31, 2021, slightly up from a profit of IDR 29.94 billion in the same period the previous year.

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