Market Review (Session 1)

In session 1, JCI closed with negatice 0.40% at level of 5,774.18

Market Prediction (Session 2)

JCI: The index was opened higher towards the first resistance area. After touching the first resistance there was a reversal and JCI was unable to stay above level 5,814 so it fell and became a bearish candle. According to our scenario at the beginning if it is unable to hold above level 5,814 (Bearish candle), JCI can fall back to support at 5,751 & support II at 5,735.

• ERAA: Price closed down with a bearish candle. The price had strengthened to the level of 620 (+1.63%) and was unable to hold above level 615. If the price closes below 605, it may continue to fall to the support area first. The strategy after touching support, may buy if it is able to hold above support or a bullish candle formation occurs. Be careful if it breakdown below support, the price can move back into a bearish trend.
• EXCL: The price only touched the first target at 2,270 (+2.25%) and closed in a bearish candle. If the price remains closed by the bearish candle, it may first go down to the support area. Prices still have a chance to remain in an uptrend as long as it is able to maintain above support level. In the short term, ideally, the price should be above level 2,240 for a chance to transition into a bullish trend.
• MNCN: The price closed stagnant with a bearish candle. The price still has the opportunity to strengthen as long as it able to maintain above support level. Be careful if the price breakdown below support, it can continue to test support at 905. If the price went below level 905, the downtrend will continue.
• TOWR: Price closed down with a bearish candle and may continue down towards support. We suggest may wait in the support area for trading buy. Be careful if the price breakdown to below support level, it may failed to continue the uptrend in the short term.

News

• PT Bisi International (BISI) in the first quarter of this year, achieved a net profit of IDR 79.46 billion. An increase of 229.16 percent compared to the same period in 2020, which was recorded at IDR 24.34 billion.

• PT Indofarma Tbk (INAF) until the first quarter of 2021, managed to record Net Sales of IDR 373.20 billion or an increase or 152% compared to the same period in 2020 which was only IDR 148.16 billion.

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