Market Review (Session 1)

In session 1, JCI closed negative 0.52% to the level of 5,991.64

Market Prediction (Session 2)

JCI : The index closed down with a bearish candle. JCI is at the first support, it could continue down to the second support at level of 5,969.

• BBHI : Price managed to pass our second target at 3,820 (+10.4%), highest at 4,300 (+24.27%) and closing at 4,230 (+22.3%). If the price is able to hold above level 4,260, there is potential for further resistance to 4,360, then 4,900, and 5,200. Be careful if the movement is limited and the next candle is bearish.
• DMMX : Price closed in correction and still above the support. The price had a breakdown to support, but managed to get back up from its lowest level which indicates that there is still a chance for the price to continue strengthening. For further buy confirmation if the price is bullish again or breakup to level 1,695.
• ENRG : The price is still corrected and is still in our buying range. The price still has a chance to strengthen as long as it closed above the support. For further buy confirmation if the price is bullish again or breakup to level 130. Be careful if it closed below support level.
• JPFA : The price is corrected and breakdown below support. If the price remains closed below the support level, it may continue the downward trend. The closest will be test the support at 1,670, if it breakdown below support, the price can continue to support at 1,545. Since the downward trend is back, it's best to wait & see first.

News

• PT. Eagle Mahkota Teknologi Tbk. (EMTK) added new share ownership issued by PT. Grab Technology Indonesia (GTI). EMTK has increased its share ownership in the form of new investment of 311,274,193 with a nominal value of Rp1,000 per share or 3.29% of the paid-up and issued capital in GTI with a total investment of IDR 3.08 trillion, equivalent to USD210 million.

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