Market Review (Session 1)

In session 1, JCI closed with positive 0.09% at level of 6,101.14

Market Prediction (Session 2)

JCI : The index closed slightly higher with a bearish candle. The movement is still within the range of the previous candle or the inside bar candle formation at the range of 6,084 – 6,134. If JCI breakdown below level 6,084, it will first go down to our support flow.

• ERAA : The price touched the first target at 690 and the highest at 695 (+2.96%). The price still has a chance to continue strengthening. If closed in the bearish candle, may wait back in the support area to buy on weakness. As long as it doesn't move below the support again, the uptrend will continue. Be careful if it fails to survive or the price breakdown below support.
• PGAS : The price is in correction and is in the support area. The price will go down first to close the gap area or support II at 1,150. If it manages to hold after touching support, there is a chance to strengthen again. If it went down below support, the tolerance for the next decline will be at 1,110. Be careful if the price went below level 1,110, the downward trend will continue.
• PTBA : The price is slightly corrected and still in our buy range. There is still a chance for the price to strengthen again. For buy confirmation, wait for the price to be bullish again or it can break to level 2,340. If it unable to hold or went down below support, tolerance for decline is at support at 2,190.
• WIKA : The price is corrected and is still in our buying range. The price still has a chance to strengthen again as long as it doesn't break down below the support. Confirmation to buy, wait for the price to be bullish again. If it unable to survive or breakdown below support, the tolerance for the decline at the support at 1,275.

News

• PT Tunas Alfin (TALF) recorded a net profit of IDR 4.73 billion in the first quarter of 2021. This result decreased 46.18 percent compared to the same period in 2020 of IDR 8.79 billion.
• PT Uni-Charm Indonesia Tbk (UCID) until the first quarter of 2021 recorded a net profit of IDR 103.23 billion, an improvement compared to the first quarter of 2020 which recorded a net loss of IDR 131.34 billion.

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