Market Review (Session 1)

In session 1, JCI closed negative 0.09% to the level of 5,980.04

Indonesia's annual inflation declined to 1.33 percent in June of 2021, the lowest since last August and below forecasts of 1.41 percent.

Market Prediction (Session 2)

JCI : The index closed down with a bearish candle. JCI had strengthened to our flow resistance, but was unable to stay above it (false break). JCI is expected to continue down to the support at level 5,960. The resistance level that must be retested is at 5,992.

• BRIS : The price closed down and still in our buying range. If the price closed above support level, there is still a chance to strengthen. For confirmation, wait for the price to be bullish again or it can break up to 2,360 – 2,370. Be careful if it went down below support level, the price could re-test level 2,100.
• MDKA : The price closed down and still in our buying range. If the price closed above support level, there is still a chance to strengthen. For confirmation, wait for the price to be bullish again. Be careful if it went down below support level, the price could re-test level 2,800.
• MIKA : The price is closed and breakdown below support. The price could test the next support at 2,680. But if the price manages to close above level 2,750, there is still a chance to strengthen again. For further confirmation, wait for the next candle. Be careful if it went down below level 2,680, the price will re-enter the sideways trend with a down tendency.
• SCMA : The price closed down with a bearish candle. The price touched the first target at 1,845 and the highest at 1,865 (+3.03%), but was unable to stay above level 1,845. The price can first go down to support if it is still closed with a bearish candle. Ideally in the near term, the price has to maintain above level 1,725 to maintain the opportunity for an uptrend.

News

• PT Bumi Resources (BUMI) during the first quarter of 2021 recorded a net profit of USD 25.1 million, up 246 percent compared to the same period in 2020 with a loss of USD 17.2 million.
• PT Adi Sarana Armada (ASSA) throughout the first quarter of 2021 recorded revenues of IDR 963.17 billion. An increase of 37.28 percent from the same period in 2020 in the range of IDR 701.62 billion.

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