Market Review (Session 1)

In session 1, JCI closed positive 0.44% to the level of 6,590.14

Market Prediction (Session 2)

JCI : the index closed higher with a bullish candle after it fell to touch our support flow area in accordance with our estimates at the beginning. The next movement will tend to be sideways and try to maintain the strengthening trend.

• ALDO : The price closed down and still in our buying range. The price still has a chance to strengthen as long as it stays above the support. Confirmation for the further strengthening if the price breaks up again at 935. Be careful if the price closed down below support level.
• BIRD : The price closed stagnant after went down below support. The price still has a chance to strengthen because it managed to strengthen from breakdown below support level. Confirmation for the further strengthening if the price breaks up again at 1,645. Be careful if the price closed down below support level.
• MIKA : The price managed to close at the second target at 2,400 (+3.0%), the highest at 2,420 (+3.86%). The price still has a chance to strengthen if the price does not move back below level 2,320. Confirmation for the further strengthening if the price breaks up again at 2,430. Be careful if the price closed down below support level.
• TLKM : The price managed to close at the first target at 4,090 (+1.99%), the highest at 4,100 (+2.24%). The price still has a chance to strengthen to the next target. Confirmation for further strengthening if the price returns to bullish and does not fall below level 4,090. Be careful if the price closed down below support level.

News

• PT Sinar Mas Multiartha Tbk (SMMA) earned a net profit of IDR 1.523 trillion in the first nine months of 2021, up 29.39 percent compared to the same period in 2020 of IDR 1.177 trillion. The increase in profit was due to the suppression of operating expenses.
• PT Gunawan Dianjaya Steel Tbk (GDST) for the first nine months of 2021 was able to reduce the current period's loss to IDR 20.73 billion, a significant decrease from the same period the previous year of IDR 103.36 billion.

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