KIWOOM EQUITY LUNCH RESEARCH OCTOBER 18, 2021
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18 Oct 2021

Market Review (Session 1)

In session 1, JCI closed positive 0.50% to the level of 6,666.83 


Market Prediction (Session 2)

JCI : The index closed higher with a bullish candle. JCI has the potential to test the immediate resistance at 6,680. If it able to break up, it can continue to the resistance at 6,693.

  • BSDE : The price strengthened with bullish candle. The price still has the opportunity to continue the strengthening trend as long as it maintain above support. Confirmation for the next buy signal if it is bullish again or it can break up to 1,165 again. Be careful if the price goes down below support level.
  • CENT : The price strengthened with a bullish candle. The price still has the opportunity to continue the strengthening trend as long as it maintain above support. Confirmation for the next buy signal if it is bullish again or it can break up to 308. Be careful if the price goes down below support level.
  • LSIP : The price is stagnant with a bearish candle. The price still has the opportunity to continue the strengthening trend as long as it maintain above support. Confirmation for the next buy signal if it is bullish again or it can break up to 1,485 again. Be careful if the price goes down below support level.
  • MEDC : The price has successfully touched the second target of 650 (+4%). The next benchmark of support is at the range of 625 – 635. The price still has the opportunity to continue the strengthening trend as long as it maintain above support. Confirmation for the next buy signal if it is bullish again or it can break up to 650 again. Be careful if the price goes down below support level.


News

  • PT Golden Plantation Tbk. (GOLL) experienced a lack of funds in seven of its business entities. Of the seven entities, three of them even stopped operations, including PT Charindo Palma Oetama and PT Mitra Jaya Agro Palm. While the remaining four are in operational cooperation (KSO) and in harvesting activities, such as PT Tugu Palma Sumatra and PT Tandan Abadi Mandiri.





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