KIWOOM EQUITY LUNCH RESEARCH NOVEMBER 02, 2021
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02 Nov 2021

Market Review (Session 1)

In session 1, JCI closed negative 0.43% to the level of 6,524.42 


Market Prediction (Session 2)

JCI : The index closed lower according to our initial expectation. JCI closed at the first support and is expected to continue its decline to the next support at 6,509.

  • BKSL : The price managed to touch the first target at 69 (+4.5%), highs at 70 (+6%) or 1 tick below the second target and closed 67 with a bearish candle The price is still likely to strengthen again as long as it maintain above support. Further confirmation if the price can be bullish again and break up to level 69. Be careful if the price goes down below support level.
  • BNGA : The price closed in slight correction and is still in our buying range. The price is still likely to strengthen again as long as it maintain above support. Further confirmation if the price can be bullish again and break up to level 1,100. Be careful if the price goes down below support level.
  • ISAT : The price closed down and is still at support. If the support breaks down, the price can continue to level 6,850. The price still has a chance to strengthen as long as it maintain above level 6,850. Confirmation for the strengthening if the price is bullish again. Be careful if the price goes down below support level, it could be in a downtrend and still sideways in the medium term.
  • ISSP : The price closed down and is still at support. If the price goes down below support, it failed the uptrend and could become a downtrend. Confirmation is to wait for the next 1-2 candles to see the direction of price movement, avoid if the price doesn't go back above support. Be careful if the price goes down below support level. 


News

  • PT Garudafood Putra Putri Jaya Tbk (GOOD), recorded a positive performance in the third quarter of 2021. It pocketed a 10.9% increase in sales or equivalent to IDR 6.36 trillion from the acquisition of IDR 5.74 trillion in the same period last year.
  • The performance of PT Mitra Keluarga Karya Sehat Tbk (MIKA) was brilliant during the first nine months of this year. MIKA's net income jumped 47.18% to IDR 3.40 trillion at the end of September 2021, from IDR 2.31 trillion in the same period in 2020.





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