Market Review (Session 1)

In session 1, JCI closed negative 0.25% to the level of 6,031.90.

Foreign Exchange Reserves in Indonesia increased to 137093 USD Million in June from 136398 USD Million in May of 2021.

Market Prediction (Session 2)

JCI : The index closed down with a bearish candle. JCI could continue down to our support flow at the range of 6,005 – 6,013.

• ADRO : The price was closed by breakdown below support. If the price can close above support or the next candle can return above support, there is still a chance to strengthen again. Be careful if it stays closed below support or the next candle is still moving bearish candle.
• BSDE : The price is still corrected and 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 1,005. Be careful if it closed below the support level.
• CENT : Price managed to touch the second target at 284 (+5.2%) and the highest at 296 (+9.6%). The price has not been able to stay above the first & second targets. If the price moves back to the level of 280, the price still has a chance to continue the upward trend. Be careful if the price breaks down below support, it may return to the sideways trend area.
• EMTK : The price had strengthened to the level of 2,860 (+2.14%) or 1 tick below the first target. The price closed stagnant and 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 2,860. If the price went down below level 2,770, it can test support first (may wait in the support area to buy). Be careful if the price closed below the support level.
• Trading Buy : AGRO, BRIS, MCOR, AGRS.

News

• PT Estetika Tata Tiara Tbk (BEEF) during the first quarter of 2021 still bears a loss for the year attributable to owners of the parent entity, which was recorded at IDR 17.17 billion, although the nominal decreased from a loss of IDR 165.27 billion the previous year.
• PT Polychem Indonesia Tbk (ADMG) in the first quarter of 2021 posted net sales of US$ 48.99 million. This figure decreased by 14.11% from the previous US$ 57.04 million in the first quarter of 2020.

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