Market Review (Session 1)

In session 1, JCI closed with positive 1.24% at level of 5,888.20

Money Supply M2 in Indonesia increased to 6957300 IDR Billion in April from 6888026.50 IDR Billion in March of 2021.

Market Prediction (Session 2)

JCI: The index managed to strengthen and break our resistance flow. If JCI is able to stay above level 5,883, there is a chance to continue strengthening to the next resistance. If it is not able to stay above level 5,883, JCI can first go down to the level of 5,848 (if JCI breakdown below support, it may continues to 5,815 to close the gap area).

• EXCL: The price is still in a positive trend and still has the opportunity to continue strengthening. Be careful if the price closed in bearish candle and breakdown below support. If it breakdown below the support, may wait at the next support to buy on weakness. Confirmation to buy again if the price breakup to level 2,320.
• KIJA: The price closed stagnant and had strengthened. If the price breaks down below level 186, it may go down to the support area first. As long as the price maintain above support, it still has the chance to strengthen again. Confirmation for buy signal if the price breakup back to level 187 and holds above it.
• MARI: The price successfully touches the target of 314 and the highest is at 318 (+7.43%). The next support benchmark is at 304. The price has the opportunity to continue strengthening if it doesn't move back below 304. The next target is if it succeeds to be bullish is at level of 324 and resistance II at 332. If it doesn't hold above level 304, the price could go down to the initial support area first.
• MDKA: Price closed down with a bearish candle and may go down first to the support area. The price still has the chance to strengthen as long as it maintain above support. Be careful in case of it went down below support, the price may continue the downtrend in the short term.

News

• PT Graha Layar Prima (BLTZ) throughout 2020 pocketed Rp 255.84 billion in revenue. Dropped sharply compared to the same period in 2019 which were Rp 1.41 trillion.
• PT Wintermar OffShore Marine Tbk (WINS) was successful in winning a contract with a contract value of up to US$ 22 million to support oil field production off the north coast of East Java.

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