Market Review (Session 1)

In session 1, JCI closed with positive 0.15% at level of 6,008.34

Indonesia's consumer confidence index increased 2.9 points to 104.4 in May from 101.5 in the previous month, amid hopes of the end of the pandemic as the rollout of COVID-19 vaccines accelerate.

Market Prediction (Session 2)

JCI : The index closed higher with bullish candle .JCI is expected to move in the range of 5,999 – 6,029. Be careful if JCI tends to move below level 5,999 again, it could continue to decline to close the gap area at level of 5,947.

• AMRT : Price crossed second target at 1,025 and high at 1,185 (+22.16%). The benchmark for immediate support is at 1.100. In the medium term, there is a chance to continue strengthening. Nearby the price ideally should return above level 1,180 and hold above it.The medium target is at level of 1,375 if the price is able to break back to level 1,180.
• ASII : Price closed stagnant at the inside bar candle. The price still has a chance to strengthen if it maintain above support. For buy confirmation if the price back to bullish or breakup to levels of 5,325 - 5,350. Be careful if the price went down below support.
• ASSA : The price managed to pass the second target at 2,350 and the highest at 2,470 (+8.33%). Benchmark support is at 2,350. The price still has a chance to continue the upward trend as long as it doesn't move below level 2,350 again. Next target is 2,540.
• BBNI : The price closed slightly higher with a bullish candle. The price still has the chance to continue strengthening to the nearest resistance. If the price go down first, may use a buy on weakness strategy in the support area. Be careful if the price went down below support.

News

• Throughout the first quarter of 2021, PT Metrodata Electronics Tbk (MTDL) managed to record revenue of IDR 3.9 trillion, an increase of 13.9% compared to the same period in the previous year, which was IDR 3.4 trillion.
• The loss of PT Trikomsel Oke (TRIO) decrease to IDR 18.29 billion during the first quarter of 2021. This result is better than the same period of 2020 with a collection of losses of IDR 70.12 billion. Revenue was recorded at IDR 129.44 billion, down compared to 2020’s revenue of IDR 230.53 billion.

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