KIWOOM EQUITY LUNCH RESEARCH OCTOBER 06, 2021
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06 Oct 2021

Market Review (Session 1)

In session 1, JCI closed positive 2.01% to the level of 6,414.60


Market Prediction (Session 2)

JCI : The index closed higher with a bullish candle and breakup to our flow resistance. JCI managed to test resistance at 6,394. If JCI can hold above level 6,394, there is an immediate chance to advance to the resistance at the range of 6,472 – 6,504.

  • AGII : The price had tested its first target at 1,635 (+2.5%), the highest was 1,650 (+3.44%). If the price can return above level 1,635 and hold on, there is a chance that the upward trend will continue. The closest benchmark support is at 1,590. Be careful if it fails to break up to level 1,635 and breakdown below level 1,590, the price could form a short-term double top pattern.
  • CTRA : The price closed stagnant with a doji candle. The price still has a chance to strengthen if it closed above support. Confirmation to buy is wait for bullish return and breakup to levels of 1,065 – 1,070. Be careful if the price closed below support level.
  • INDF : The price closed higher and still in a positive trend. The price has the opportunity to continue strengthening if it is not closed into a bearish candle. Ideally the price should stay above level 6,575, it may able to strengthen to the target area immediately. Be careful if the price closes into a bearish candle.
  • KRAS : The price opened immediately gap up and touched the second target at 555 (+4.71%). After a short gap up, the price declined to the gap area and managed to close the gap at yesterday's closing at 530. After closing the gap area, there is a chance to strengthen again. Confirmation to buy is wait for the price to return to bullish to be able to maintain the opportunity for an upward trend.


News

  • PT Puradelta Lestari (DMAS) achieved marketing sales of IDR 1.25 trillion. The results in the first nine months of 2021 are equivalent to 62.4 percent of the marketing sales target throughout 2021 of IDR 2 trillion.





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