Market Review (Session 1)

In session 1, JCI closed negative 0.32% to the level of 6,512.83

Inflation Rate in Indonesia increased to 1.75 percent in November from 1.66 percent in October of 2021.

Market Prediction (Session 2)

JCI : the index closed down with a bearish candle. At the beginning of the trade, it strengthened to our resistance flow and after that it reversed direction. The next movement will tend to be sideways with a tendency to weaken.

• ASSA : The price closed down and still above support II. The price still has a chance to strengthen as long as it stays above support II. Confirmation for further strengthening if the price is bullish again or breaks up to levels of 3,700 – 3,760. Be careful if the price closed down below support level.
• EMTK : The price closed down and still in the buying range. The price still has a chance to strengthen as long as it stays above the support. Confirmation for further strengthening if the price is bullish again or breaks up to 1,930. Be careful if the price closed down below support level.
• IRRA : The price closed down and still in the buying range. The price still has a chance to strengthen as long as it stays above the support. Confirmation for further strengthening if the price is bullish again or breaks up to 2,110 again. Be careful if the price closed down below support level.
• ITMG : The price closed down and has already broken down to support II. The price still has a chance to strengthen as long as it can close again above the support. Confirmation for further strengthening if the price is bullish again or breaks up to 2,150. Be careful if the price closed down below support level.

News.

• PT Paper Factory Tjiwi Kimia (TKIM) during January-September 2021 posted net sales of USD 744.4 million. Up 14.49 percent from the same period last year USD650.2 million.
• PT Energi Mega Persada (ENRG) in the third quarter of 2021 posted sales of USD 295 million. Soared 23.43 percent from the same period last year USD 239 million.

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