Market Review (Session 1)

In session 1, JCI closed negative 1.44% to the level of 6,603.09

Market Prediction (Session 2)

JCI : the index closed down according to our initial forecast. JCI has broken down below support II. JCI is currently at the support at 6,603. Be careful if JCI goes down below support again. If JCI can stay above support, there is a small rebound chance.

• ADRO : The price moves downand closed below support. If the price does not close again above support, it could return to a downtrend in the short term. Confirmation for further decline if the price decline to below level 1,690 and does not return above it.
• BBNI : The price moves downand closed below support. If the price does not close again above support, it could return to a downtrend in the short term. Confirmation for further decline if the price decline to below level 6,900 and does not return above it.
• ISAT : The price managed to touch the second target at 7,325 (+2.8%), the highest at 7,700 (+8.1%) and closed at 7,325 (+2.8%). The price may close yesterday's leading gap area at 7,125. If it stays above thath level, there is a chance to maintain the upward trend. Be careful if the price closed below support level.
• SILO : The price managed to touch the second target at 10,300 (+5.6%), the highest was at 11,025 (+13.1%) and closed at 10,850 (+11.3%). The price has a chance to test the resistance at 11,150. The next support benchmark is at 10,200. Be careful if the price closed below the new support level.

News

• PT Surya Semesta Internusa Tbk (SSIA) during the first nine months of 2021, recorded a net loss of IDR 268.99 billion, swollen compared to the same period in 2020 of IDR 197.87 billion.
• PT Gunawan Dianjaya Steel Tbk (GDST) for the first nine months of 2021 was able to reduce the loss for the current period to IDR 20.73 billion or a significant decrease from the same period the previous year of IDR 103.36 billion.

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