Market Review (Session 1)

In session 1, JCI closed positive 0.51% to the level of 6,036.32

Market participants await the minutes from the Fed's meeting in June when it surprised markets with a hawkish shift. They are due to be published on Wednesday.

Market Prediction (Session 2)

JCI : The index closed higher with a bullish candle and is in the range of our resistance flow. If JCI re-tests its second resistance at level 6,043, it has potential to further strengthens to the next resistance at 6,067.

• BKSW : 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 support. For further buy confirmation if the price is bullish again or breaks up to level 186. Be careful if it closed down below support level.
• INCO : The price has crossed the second target at 4,880 (+3%) and the highest at 4,930 (+4%). Benchmark support is at 4,850. If the price stays above the support, there is still a chance for the price to continue strengthening to the next target at 5,175 & 5,500. Be careful if the price can't hold above it.
• MLPL : 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 breaks up to level 725. Be careful if the price closed down below support level.
• TOWR : The price closed higher with a bullish candle and is still in a positive trend. The price still has the potential to continue strengthening to targets 1 & 2. Be careful if the price breaks up to level 1,325 but is unable to stay above it (false break) or the price closes below the support.

News

• PT Wijaya Karya (Persero) (WIKA) managed to record the acquisition of new contracts of IDR 9.5 trillion until June 2021.
• PT Garudafood Putra Putri Jaya Tbk (GOOD) posted an increase in sales performance in the first quarter of 2021. GOOD managed to increase net sales by 1.20% to IDR 2.27 trillion from IDR 2.24 trillion in the first quarter of 2020.

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