KIWOOM EQUITY LUNCH RESEARCH OCTOBER 05, 2021
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05 Oct 2021

Market Review (Session 1)

In session 1, JCI closed negative 0.91% to the level of 6,285.17


Market Prediction (Session 2)

JCI : The index closed down with a bearish candle. The candle forms a reversal or false breakup from the previous candle. JCI's next move could continue down to the support area at level of 6,263.

  • ASII : The 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 5,625. Be careful if the price closed below support level.
  • BDMN : The price was closed in a slight correction and is 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 2,800. Be careful if the price closed below support level.
  • INKP : The price closed in correction and breakdown below support. The price could continue down to the next support at 8,150 & support II at 8,000. There is a chance to strengthen again after touching that area. Wait for confirmation for a strengthening signal or return to bullish candle. Be careful if the price closed below support level.
  • JSMR : The price closed a slight correction and is still at support. If the price breaks down support, the price may continue to support at 3,760 and the price trend will still tend to be sideways. Be careful if the price breakdown below the support range of the trend consolidation area. 


News

  • PT Cemindo Gemilang (CMNT) during the first six months of 2021 managed to record a net profit of IDR 162.15 billion, an improvement compared to the same period in 2020 which recorded a net loss of IDR 173.61 billion.





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