Market Review (Session 1)
In session 1, JCI closed positive 0.28% to the level
of 6,650.58
Retail sales in Indonesia dropped by 2.2 percent
year-on-year in September of 2021 after a 2.1
percent fall a month earlier.
Market Prediction (Session 2)
JCI : The index closed higher with a bullish candle.
JCI still has the chance to continue strengthening
to our resistance flow today.
- BBTN : The price closed in correction and still
in our buying range. The price still has a
chance to strengthen as long as it maintain
above support. Confirmation for the
strengthening if the price is bullish again and
breaks up to levels of 1,800 – 1,810. Be careful
if the price closed below support level.
- LPPF : The price managed to touch the first
target at 3,770 (+3%), the highest was at
3,840 (+4.9%) and closed at 3,690 (+0.8%).
The price reverses into a bearish candle. If the
price is bullish again or closes above 3,770, it
can continue the uptrend or if it fails to
maintain above that level, it can go down to
support.
- SIDO : The price closed higher with a doji
candle. The price had break up to 900 but
could not stay above it. The price still has a
chance to strengthen as long as it maintain
above support. Confirmation for the
strengthening if the price is bullish again and
breaks up to 900 and does not go down again.
Be careful if the price closed below support
level.
- TMAS : The price managed to pass our second
target at 472 (+18.6%) and closed ARA 496
(+24.62%). The benchmark support is at 472 –
474. Price still has a chance to strengthen as
long as it doesn't move below 474. The price
has potential for further uptrend to next
target at 545, 580, 630. Be careful if the price
closes below 474.
News
- During the first nine months of 2021, PT
Integra Indocabinet Tbk (WOOD) posted a
profit for the year of IDR 355.99 billion, an
increase of 87.83 percent compared to the
same period in 2020 which was recorded at
IDR 189.28 billion.
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
