Market Review (Session 1)

In session 1, JCI closed positive 0.80% to the level of 6,026.91

Indonesia recorded a trade surplus of 1320 USD Million in June of 2021. Exports from Indonesia surged 54.46 percent from a year earlier to USD 18.55 billion in June of 2021, above market consensus of a 49.9 percent rise.

Market Prediction (Session 2)

JCI : The index managed to close higher with a bullish candle and is at our second resistance at 6,026. JCI is still likely to strengthen to the range of 6,033 – 6,043.

• ABBA : The price touched the first target at 264 (+2.33%) and the highest at 266 (+3.1%). The price has not been able to hold above the first target and reversed to level 258 and formed a doji candle. The price still can't show a strong buy signal. Be careful if the price went down below support level.
• AGII : The price touched the first target at 1,580 (+3.27%) and the highest at 1,585 (+3.59%). The price has not been able to hold above the first target and reversed to the level of 1,545 and formed a bearish candle. The price still can't show a strong buy signal. Be careful if the price went below support level.
• BRIS : The price touched the first target at 2,400 (+2.13%) and the highest at 2,410 (+2.55%). The price has not been able to hold above the first target and reversed to the level of 2,360 and is still forming a bullish candle. The price still has the potential to strengthen if it is closed above support level. Be careful if the price went down below support level.
• CENT : The price is still in a positive trend with a bullish candle. The price still has the opportunity to continue strengthening to targets 1 & 2 as long as it stays above support level. Be careful if it is closed below support level.
• KAEF : The price still closed stagnant with a bearish candle. The price still has the opportunity to continue strengthening to targets 1 & 2 as long as it maintain above support. Confirmation for the next buy signal, wait for the price to be bullish again or breakup to level 3,570. Be careful if it is closed below support level.

News

• PT Pyridam Farma Tbk (PYFA) has obtained a loan facility of approximately Rp 53.7 billion from PT Bank OCBC NISP Tbk.
• PT Pan Brothers Tbk (PBRX) intends to increase its business activities, such as the production of personal protective equipment (PPE) and masks.

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