KIWOOM EQUITY LUNCH RESEARCH OCTOBER 22, 2021
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22 Oct 2021

Market Review (Session 1)

In session 1, JCI closed positive 0.05% to the level of 6,635.96 


Market Prediction (Session 2)

JCI : The index closed higher with a bullish candle. JCI had a breakdown to level 6,602 and managed to return above it. JCI will still move sideways with limited opportunities to strengthen.

  • BIRD : The price closed in correction and still in our buying range. The price still has a chance to strengthen if it is able to stay above the support or. Confirmation for the next buy signal if it is bullish again or it can break up to 1,450 again. Be careful if the price goes down below support level.
  • CPIN : The price closed in correction and still in our buying range. The price still has a chance to strengthen if it is able to stay above the support or. Confirmation for the next buy signal if it is bullish again or it can break up to 6,550 again. Be careful if the price goes down below support level.
  • MPPA : The price only hits the first target of 640 (+4.9%). The price has not been able to continue strengthening to the next target. If able to retest level 640 there is still a chance to continue to the second target. Be careful if the next movement becomes a bearish candle.
  • SMGR : The price closed in correction and still in our buying range. The price still has a chance to strengthen if it is able to stay above the support or. Confirmation for the next buy signal if it is bullish again or it can break up to 8,925. Be careful if the price goes down below support level.


News

  • PT Unilever Indonesia Tbk (UNVR) until the third quarter of 2021, UNVR's net profit decreased by 19.52 percent to IDR 4.37 trillion in the third quarter of 2021, compared to the same period the previous year of IDR 5.43 trillion.
  • The performance of PT Wilmar Cahaya Indonesia Tbk (CEKA) until the third quarter of 2021 was quite satisfactory. Until the third quarter of 2021, CEKA's net sales recorded an increase of 46.92%, from IDR 2.51 trillion at the end of September 2020 to IDR 3.68 trillion in the first nine months of 2021.





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