Market Review (Session 1)

In session 1, JCI closed positive 1.18% to the level of 6,112.85.

Market Prediction (Session 2)

JCI : The index managed to strengthen to our breakup resistance flow. JCI has a chance to strengthen again if it is able to hold above level 6,107, with the next resistance at the range of 6,131 - 6,138.

• BDMN : Price closed stagnant with a bearish candle. The price still has a chance to continue strengthening as long asit closed above support. Confirmation to buy if the price is bullish again and breaks up to level 2,300. We suggest to be careful if the price goes down below support level.
• INDF : The price is still moving higher with a bullish candle. The price still has a chance to continue strengthening as long as it closed above support. Ideally the price should hold above level 6,475 to maintain the upside potential. We suggest to be careful if the movement reverses into a bearish candle or goes down below support level.
• MPPA : The price managed to touch the second target at 970 (+8.9%), the highest at 975 (+9.6%) and close at 940 (+4.44%). The price had broken the resistance at 955 and ideally should stay above it to maintain the potential for further upside. Be careful if it fails to hold above level 955 or the nearest move back below 930.
• WEGE : Price closed in correction and still in our buying range The price still has a chance to continue strengthening as long asit closed above support. Confirmation to buy if the price is bullish again and breaks up to level 189 - 192 We suggest to be careful if the price goes down below support level.

News

• The performance of PT Agung Podomoro Land Tbk (APLN) in the first semester of 2021 was less than satisfactory. APLN's revenue in the first semester of 2021 was IDR 1.55 trillion. This realization decreased by 9.74% compared to revenue for the same period in 2020 which amounted to IDR 1.72 trillion.
• PT Zyrexindo Mandiri Buana Tbk (ZYRX) experienced a decline in performance throughout the first half of this year. ZYRX pocketed revenue of IDR 82.66 billion in the first semester of 2021. This value decreased 49.18% from revenue of IDR 162.67 billion in the same period last year.

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