KIWOOM EQUITY LUNCH RESEARCH NOVEMBER 12, 2021
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12 Nov 2021

Market Review (Session 1)

In session 1, JCI closed negative 0.35% to the level of 6,667.73


Market Prediction (Session 2)

JCI : JCI closed down with a bearish candle. JCI failed to breakout which is expected to move down towards the nearest support. The movement can be a double top pattern and is expected to be careful.

  • BIRD : The price closed stagnant with doji candle. 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 1,520. Be careful if the price closed below support level.
  • INKP : The price closed down and still in the 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 8,725. Be careful if the price closed below support level.
  • PWON : The price closed higher with a bullish candle. 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 535 - 540. Be careful if the price closed below support level.
  • WMUU : The price closed down 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 197. Be careful if the price closed below support level. 


News

  • PT Tigaraksa Satria Tbk (TGKA) posted revenue of IDR 8.965 trillion in the third quarter of 2021. This figure experienced a decrease of around 7.97% when compared to the same period the previous year.
  • PT Baramulti Suksessarana Tbk (BSSR) during the first nine months of 2021 posted a net profit of USD 103.75 million, or a 329.16 percent jump compared to the same period in 2020, which was recorded at USD 24,648 million.





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