Market Review (Session 1)

In session 1, JCI closed with positive 1.13% at level of 5,828.61

Market Prediction (Session 2)

JCI: The index managed to strengthen and break the resistance flow. JCI had broken up to level 5,838 and the highest was at 5,848. The next support benchmark is at 5,814. If JCI went down below level 5,824, it can continue to fall to the support at 5,814 or if it able to maintain above level 5,833, JCI may go back up to the resistance level at 5,843.

• ARTO: The price crossed the second target at 11,025 and the highest was 11,700 (+9.85%). The next support benchmark is at 11,225 & support II at 11,025. The price is approaching resistance at 11,650 and has the potential to continue the next resistance at 11,900 and is supported by increased volume. If the price not able to breakout resistance, it may go down to support first.
• ERAA: The price only touches the first target of 640 and the highest at 645 (+3.20%). The price was unable to stay above level 640 and was closed in the bearish candle. The price can continue to fall to the second support at 605. Be careful if the price can’t hold above support level, it may continue down to level of 590.
• TOWR: The price is in correction and still in our buying range. The price still has the chance to get back up as long as it maintain above support level. For confirmation to buy, wait for the next candle to be bullish again. Be careful in case of the price went down below support, it could further decline to the support at 1,165.
• UNVR: The price is corrected and is still in our buying range. The price still has the chance to get back up as long it maintain above support level. For confirmation to buy, wait for the next candle to be bullish again or breakup to level 5,750. Be careful in case of the price went down below support, it could further decline to the support at 5,425.

News

• Throughout 2020, PT Sepatu Bata (BATA) collected sales of IDR 459.58 billion which decreased significantly from the same period in 2019 at IDR 931.27 billion. Then, the gross profit was recorded at IDR 97.93 billion, down from the same period in 2019 with a gross profit of IDR 428.58 billion.
• PT Cahaya Bintang Medan (CBMF) in 2020 gained revenue of IDR 79.47 billion. This condition, decreased compared to the same period in 2019 with an income of IDR 153.34 billion.

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