Market Review (Session 1)

In session 1, JCI closed negative 0.83% to the level of 5,972.19

Market Prediction (Session 2)

JCI : In accordance with our estimation, the index will move down. JCI closed right at our support flow at level of 5,972. JCI will move in the range of 5,969 – 5,978. Be careful if JCI breakdown below that area.

• ADRO : The price is corrected and is in the support range. If the price can hold, there is a chance to strengthen. Confirmation for the strengthening if the price can be bullish and it can breakup to level 1,295. Be careful if it is unable to hold on or the price went down below support, the price may continue to 1,225.
• BRIS : Price managed to pass our second target at 2,020 (+3.9%) and the highest at 2,190 (+12.59%). Price broke resistance level at 2,100. The benchmark for immediate support is at 2,100. If the price closes above level 2,100, there is still a chance for the price to continue strengthening to the nearest resistance at 2,210. Be careful if the price can't hold, it could return to 2,010.
• DMMX : The price went down and was in the support area. The price had breakdown below support. If the price closes below the support again, it may continue down to the support at 1,475. Be careful if the price went down below level of 1,475, it could form a double top pattern.
• EMTK : The price touched the first target at 2,640 (+3.9%) and the highest at 2,650 (+4.3%). The price was unable to hold above the first target. If the next candle forms bearish, the price may first go down to the support at 2,440. If the price breaks the first target again, there is a chance to continue to the second target. Be careful if the price went down below support level.

News

• During the first three months of 2021, PT Transkon Jaya Tbk (TRJA) only posted a net profit for the year of IDR 7.97 billion or experienced a decrease of 48.89 percent from a profit of IDR 15.59 billion in the same period the previous year.
• PT Diamond Food Indonesia Tbk (DMND) recorded a net profit of IDR 36.125 billion in the first three months of 2021, a drop of 44.61 percent compared to the first quarter of 2020 which was recorded at IDR 67.983 billion.

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