Market Review (Session 1)

In session 1, JCI closed negative 0.66% to the level of 6,054.82

Market Prediction (Session 2)

JCI : The index closed down with a bearish candle and breakdown from our first support flow. JCI will continue its decline to the next support at 6,047. Be careful if JCI breakdown below level of 6,047.

• ANTM : Price closed in correction and still in our buying range. The price still has a chance to strengthen if it closed above support. Confirmation to buy is wait for bullish return and breakup to level 2,630. Be careful if the price closed below support level.
• BTPS : The price managed to touch the first target at 3,120 (+2.29%) and closed at 3,100. The price still has a chance to strengthen if it closed above support. Confirmation to buy is wait for bullish return and breakup to level 3,120. Be careful if it is closed in bearish or the next candle the price closed below support level.
• JPFA : Price closed in correction and still in our buying range. The price still has a chance to strengthen if it closed above support. Confirmation to buy is wait for bullish return and breakup to level 1,895. Be careful if the price closed below support level.
• SCMA : Price closed in correction and still in our buying range. The price still has a chance to strengthen if it closed above support. Confirmation to buy is wait for bullish return and breakup to level 2,060. Be careful if the price closed below support level.

News

• PT Krakatau Steel (KRAS) increased its capital investment in PT Krakatau Wajatama (KWT) of IDR 987.12 billion. This was done by including shares in PT KHI Pipe Industries and PT Krakatau National Resources (KNR).
• PT PT Surya Biru Murni Acetylene Tbk (SBMA) is ready to launch expansion this year. To meet market demand which is expected to continue to increase, SBMA will increase its production volume from the original 2 million liters per year to 10 million liters per year or a fivefold increase. 

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