Market Review (Session 1)

In session 1, JCI closed with positive 0.81% at level of 5,895.79

Market Prediction (Session 2)

JCI: The index managed to strengthen to the level of 5,895. Nearby, if the breakup is able to return on level 5,904, there is a chance to continue strengthening to the level of 5,922. The nearest benchmark support is at 5,882.

• AGRO: The new price touches the first target at 900 (+ 2.27%). The price is still in a positive trend and has the opportunity to continue strengthening to the second target at 910. If it is able to breakup to 910, the next target is at 920. The next support benchmark is at 880. Be careful if the price is unable to hold above level 880.
• ALDO: Price closed down with a bearish candle and had strengthened to the level of 910, but was unable to hold above level 905. The price could go down to the support first. Be careful if the price went below support level, it could continue to fall to 845. Confirmation for buy again if the buy signal reappears or the candle is bullish again.
• PNLF: The price successfully closed at the second target of 197 (+3.68%) and the highest at 199 (+4.73%). The nearest support is at 194 and support II at 190. If the nearest price holds above level 194, it could continue to the resistance levels of 200 - 202. If it drops below level 194, the price should maintain above level 190 to be able to have an opportunity to transition into an uptrend.
• SCMA: The price crossed the second target at 1,635 and closed the highest price at 1,660 (+5.39%). The next benchmark support is at 1,590 and support II at 1,575. If the price stays above 1,590, it can continue to the resistance levels of 1,715 – 1,740. If it drops below level 1,590, the price may continue to test support at 1,575. Ideally, the price should maintain above level 1,500 to have an opportunity to transition into an uptrend.

News

• PT Superkrane Mitra Utama (SKRN)’s profit fell 92.88 percent to IDR 9.78 billion when compared to the same period in 2019 with a profit of IDR 137.43 billion.
• Throughout 2020, PT Distribution Voucher Nusantara (DIVA) earned a net profit of IDR 65.81 billion. Down 29.72 percent from the same period in 2019 in the range of IDR 93.64 billion.

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