Market Review (Session 1)

In session 1, JCI closed positive 0.81% to the level of 6,089.03

Market Prediction (Session 2)

JCI : The index managed to strengthen and breakout from our flow resistance. JCI is expected to keep strengthening to the next resistance at 6,103, with support at 6,080.

• ASSA : Price managed to touch the second target or its highest at 2,760 (+5.3%). After touching the target, the price was unable to stay above the first and second targets, so it turned lower and closed down with a bearish candle. If the price does not return above the first target, or remains in the bearish candle area, it can go down first to test support. Be careful if the price went down below support level.
• MPPA : The price managed to touch the first target at 1,250 and the highest at 1,255 (+3.71%). The price was unable to hold above the first target. If the price does not move bullish again, it can test support first. Be careful if the price went down below support level.
• SAME : The price managed to touch the first target at 800 and the highest at 815 (+4.48%) or 1 tick below the second target. The price was unable to hold above the first target and moved in the bearish candle. If the price does not move bullish again, it can test support first. Be careful if the price went down below support level.
• TLKM : Price closed stagnant with a bearish candle. If the price does not move bullish again, it can first go down to the support area. Confirmation for buy signal, wait for the price to return to form a bullish candle. Be careful if the price went down below support level.

News

• PT Charoen Pokphand Indonesia Tbk (CPIN) posted a solid performance in the first quarter of 2021. CPIN managed to record revenue of IDR 12.4 trillion, up 23.8% year on year (yoy).
• PT Summarecon Agung Tbk (SMRA) recorded presales until the first semester of 2021 of IDR 2.83 trillion. This realization reflects 71% of the marketing sales target throughout 2021 of IDR 4 trillion.

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