Market Review (Session 1)

In session 1, JCI closed positive 0.57% to the level of 6,122.39

Indonesia recorded a trade surplus of 2590 USD Million in July of 2021

Market Prediction (Session 2)

JCI : The index closed higher with a bullish candle. JCI had touched our support flow level and after that it managed to rebound. According to our scenario at the beginning because the index managed to hold on, JCI will strengthen. JCI could further strengthen to the level of 6,147 – 6,179.

• BBKP : Price breakdown below support and failed to breakout the nearest resistance. The price may continue to decline to test the next support at 555. If the breakdown occurs, the price may continue to fall towards the gap area of 525 – 540. There is a chance for the price to strengthen again after touching the support area and being able to hold on.
• MNCN : The price is still moving positively with a bullish candle. The price still has a chance to continue strengthening. Nearby, ideally the price should test level 875 and not move below it again for a chance to become an uptrend in the short term. Be careful if it fails to break or a false breakout occurs and the price goes down below support level.
• PGAS : The price is still corrected and within our buying range. The price still has a chance to strengthen as long as it doesn't break down below the support. For further confirmation, if the price is bullish again and breaks up to levels 1,050 - 1,055. Be careful if the price goes down below support level.
• TLKM : The new price touched the first target at 3,420 and the highest at 3,430 (+2.69%). The closest benchmark support is at 3,380. The price has a chance to continue strengthening if it is able to stay above the support at 3,380. Be careful if it fails to hold, the price could return to the level of 3,340 to close the gap area.

News

• PT Bank Negara Indonesia (BBNI) in the first semester of 2021 recorded a net interest income growth of 18.2 percent YoY or reached Rp. 19.3 trillion. That's the impact of credit growth of 4.5 percent YoY.

PT Kiwoom Sekuritas Indonesia (KSI)

Treasury Tower 27th Floor Unit A, District 8 Kawasan SCBD Lot 28

Jl.Jend.Sudirman Kav 52-53, Jakarta Selatan 12190

Telp : +62 21 5010 5800

Fax. +62 21 5010 5820

Website : www.kiwoom.co.id