Market Review (Session 1)

In session 1, JCI closed positive 0.93% to the level of 6,567.96

Market Prediction (Session 2)

JCI : the index was successfully closed higher and break up to our flow resistance. JCI managed to stay above 6,487. The next movement will be sideways in the resistance level area.

• ADRO : The price managed to touch the first target at 1,800 (+2.56%), the highest at 1,810 (+3.13%) and closed at 1,810 (+3.13%). The price still has a chance to strengthen to the next target. The immediate support at levels of 1,750 – 1,775. If the price stays above the support, it may continue to levels of 1,870 – 1,885. Be careful if the price closed down below support level.
• SCMA : 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 level 354. Be careful if the price closed down below support level.
• SMDR : 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 level 915. Be careful if the price closed down below support level.
• SMGR : The price closed higher and still in a positive trend. The price still has a chance to strengthen as long as it closes above the support. Confirmation for further strengthening if the price is bullish again or breaks up to level 8,175. Be careful if the price closed down below support level.

News.

• PT Equity Development Investment Tbk (GSMF) during the first nine months of 2021 had to be willing to bear the loss attributable to the owner of the parent entity of IDR 14.64 billion, a reverse direction from the company's profit in the same period in 2020 of IDR 4.04 billion.
• PT PP Presisi Tbk (PPRE) recorded a new contract of Rp5.3 trillion. The achievement of the acquisition of new contracts in the form of additional new contracts during November which was successfully recorded at IDR 504 billion.

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