Market Review (Session 1)
In session 1, JCI closed negative 0.30% to the level of
6,462.31.
Retail sales in Indonesia dropped by 2.1 percent yearon-year in August of 2021, after a 2.9 percent fall a
month earlier.
Market Prediction (Session 2)
JCI : The index had tested the resistance at 6,504, the
highest was at 6,506 and closed at 6,462. JCI has not
been able to hold above level 6,504 or a false
breakout occurred. JCI could drop to the support first
if it doesn't close above level 6,504.
- AGII : The price managed to touch the second
target at 1,680 (+4.7%), the highest at 1,715
(+6.8%) and closed at 1,665 (+3.7%). The
benchmark for immediate support is at 1,635.
The price still has a chance to strengthen again
and stay on the upward trend path as long as it
doesn't move below level 1,635 again. The next
target if it breaks again above level 1,715 is at
the range of 1,795 – 1,825. Be careful if the price
goes down below support level.
- PTBA : The price touched the first target at 2,840
(+2.2%), the highest at 2,880 (+3.6%) or 1 tick
below the second target and closed at 2,810
(+1.1%). The price still has a chance to
strengthen if it is able to hold above the support
at 2,770 (immediate support). Be careful if the
price closes back below level 2,770, it could
breakdown to the next support.
- SIMP : The price touched the first target at 510
(+2.4%) and closed at 494 (-0.8%). The price has
not been able to test the resistance at 510. If it
is able to move bullish again and can break up to
510, the upward trend potential continues. Be
careful if the price closed going down below
support level.
- TLKM : The price closed 3,830 (+0.78%) with a
bullish candle. The price still has the chance to
continue the strengthening trend as long as it
maintain above support. Be careful if the next
movement becomes bearish, the price can test
support again (if it goes down, use a buy on
weakness strategy).
News
- PT Darma Henwa Tbk (DEWA) has carried out
business diversification through its subsidiaries,
PT Dire Pratama and PT Dire Pratama Services
established a new company, PT Dire Terminal
Indonesia, which is engaged in sea port services.
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
