Market Review (Session 1)
In session 1, JCI closed positive 0.82% to the level of
6,605.84
Market Prediction (Session 2)
JCI : The index closed higher with bullish and slightly
above our resistance flow . As long as JCI does not
turn into a bearish candle, there is potential for
further strengthening. If it moves bearish, JCI can
close the gap area first at 6,552.
- ADHI : The price managed to touch the first
target at 1,125 (+2.2%), the highest was at 1,135
(+3.2%) and closed at 1,120 (+1.81%). The price
still has a chance to continue strengthening to
the next target. Confirmation for further
strengthening if the price is bullish again and
breaks up to 1,135. Be careful if it closes into a
bearish candle.
- BBRI : The price closed slightly higher with a
bearish candle. The price still has a chance to
strengthen as long as it maintain above support.
Confirmation for further strengthening if the
price is bullish again and breaks up to level
4,340. Be careful if the price goes down below
support level.
- CTRA : The price managed to touch the first
target at 1,110 (+2.3%), the highest at 1,115
(+2.8%) and closed at 1,100 (+1.4%). The price
still has a chance to continue strengthening to
the next target Confirmation for further
strengthening if the price is bullish again and
breaks up to level 1,110. Be careful if the price
closes into a bearish candle.
- SMGR : The price managed to touch the second
target at 10,000 (+5.5%), the highest at 10,100
(+6.6%) and closed at 10,075 (+6.3%). The price
still has a chance to continue strengthening to
the next target at 10,550. The price has
breakout gap which indicates a strong bullish
trend signal. The benchmark for immediate
support is at the range of 9,475 – 9,575. Be
careful if the price closes into a bearish candle.
News
- PT Kobexindo Tractors (KOBX) in the third
quarter of 2021 posted revenues of USD 89.48
million. Soared 154 percent over the same
period last year USD 35.20 million.
- PT Ace Hardware Indonesia (ACES) in the third
quarter of 2021 recorded sales of IDR 4.60
trillion. It was down 14.35 percent compared to
the same period last year of IDR 5.38 trillion.
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