KIWOOM EQUITY LUNCH RESEARCH NOVEMBER 18, 2021
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18 Nov 2021

Market Review (Session 1)

In session 1, JCI closed negative 0.69% to the level of 6,630.03 


Market Prediction (Session 2)

JCI : the index closed down with a bearish candle. JCI is expected to continue its decline to the next support flow area.

  • ASII : The price closed in correction and still in our buying range. The price still has a chance to strengthen again as long as it maintains above support. Confirmation for further strengthening if the price is bullish again and breaks up to 6,250. Be careful if the price closed below support level.
  • CTRA The price closed in correction and still in our buying range. The price still has a chance to strengthen again as long as it maintains above support. Confirmation for further strengthening if the price is bullish again and breaks up to 1,190. Be careful if the price closed below support level.
  • ERAA : The price just touched the first target at 685 (+2.2%). The price turned lower, goes down below support. If it does not return above the support, the shortterm downward trend continues.
  • MPPA : The price closed in correction and still within the support range. . The price still has a chance to strengthen again as long as it maintains above support. Confirmation for further strengthening if the price is bullish again and breaks up to and does not go down again. Be careful if the price closed below support level.


News

  • PT Jasa Armada Indonesia Tbk (IPCM) during the first nine months of 2021 managed to record a profit up 29.82 percent to IDR 90.54 billion, up from the same period in 2020 which was IDR 69.74 billion.
  • PT Sawit Sumbermas Sarana Tbk (SSMS) during the first nine months of 2021 managed to record a net profit soaring up to 286.38% to IDR 1.034 trillion, a significant increase compared to the same period in 2020 which was only IDR 267.65 billion. 





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