Market Review (Session 1)

In session 1, JCI closed down to the level of 6,015.04

Market Prediction (Session 2)

JCI : The index closed down with a bearish candle. JCI is still expected to continue its decline towards the support or gap area at level of 5,996.

• ESSA : Price managed to touch the second target at 384 (+4.3%) and the highest at 386 (+4.89%). The price was unable to hold above the first or second target and turned lower into a bearish candle. If the price does not close in the bullish candle, it can first go down to support. Be careful if the price went down below support level.
• PNBS : Price managed to touch the second target at 144 (+6.7%) and the highest at 147 (+8.88%). The closest benchmark support is at 137. If the price doesn't move below level 137 again or stays above it, it has a chance to continue the upward trend in the short term. The next target if the rally succeeds is at the range of 161 – 167. Be careful if the price fails to hold above level 137.
• TLKM : The price fell and breakdown below support. If the price breaks down again below level 3,260, it can continue the downward trend to the support at the range of 3,150 – 3,180. May use the buy on weakness strategy in the support area. Price movements in the medium term tend to be sideways.
• TOWR : The price touched the first target at 1,265 (+2.01%). The price is still in a positive trend and still has the opportunity to continue the upward trend. Be careful if the price fails to return to bullish or tends to be bearish and went down below support level.

News

• The performance of PT Kertas Tjiwi Kimia Tbk (TKIM) showed less convincing performance in early 2021. TKIM's net sales fell 0.19% to US$ 266.77 million at the end of March 2021. Even though in the same period last year, the company still pocketed sales net of US$ 267.30 million.
• PT Madusari Murni Indah Tbk (MOLI) until the first quarter of 2021 recorded a net profit of IDR 10.58 billion or a drop of 50.23 percent compared to the first quarter of 2020 of IDR 21.12 billion.

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