KIWOOM EQUITY LUNCH RESEARCH 04 JUNE 2021
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04 Jun 2021

Market Review (Session 1)

In session 1, JCI closed with positive 0.15% at level of 6,040.76


Market Prediction (Session 2)

JCI : The index closed down touching our support flow. JCI can still continue its decline to the next support at 6,031.

  • BBRI : The price closed down with a bearish candle. If the price does not return above level 4,380, it may went to the support. If the price went down below support, it may go back down to support at the range of 4,140 – 4,190. We suggest may wait in the next support area to make a purchase.
  • ISAT : Price closed down and is at the second support. If the price breaks down below support, it may go down to the support at 6,450. If the price in the near term returns above level 6,775, the upward trend is likely to continue. Be careful if it doesn't come back within the next 1-2 candles, it may be in the downterm trend.
  • MAIN : New price hits first target at 930 (+2.19%). The price is still in a positive trend and still likely to continue strengthening to the next target, supported by increasing volume. The next support benchmark is at 910.
  • KRAS : The price is corrected and is still in our buy ingrange. As long as it doesn't breakdown below the support, the price still has a chance to strengthen. Confirmation to buy is wait if the candle is bullish again and be careful if the price can’t maintain above support level.


News

  • PT Eka Sari Lorena Transport (LRNA) throughout 2020 had to bear a net loss of IDR 43.03 billion, up from the same period in 2019 with a net loss of IDR 6.76 billion.
  • PT Bali Bintang Sejahtera Tbk (BOLA) achieved a profit attributable to owners of the parent entity of IDR 48.12 billion in the period up to March 31, 2021, an increase of 588 percent compared to a profit of IDR 6.98 billion in the same period the previous year.






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