Market Review (Session 1)

In session 1, JCI closed negative 0.48% to the level of 6,612.16

Retail sales in Indonesia surged by 6.5 percent year-on-year in October of 2021, rebounding sharply from a 2.2 percent drop a month earlier. This was the first increase in retail trade since June, amid easing COVID-19 restrictions.

Market Prediction (Session 2)

JCI : The index closed down with a bearish candle. According to our initial forecast, it will weaken. The next movement will still move sideways in our support area.

• ASII : The price closed at 5,825 (-2.91%) and a breakdown of support II occurred. If the price does not move above the support again, the price will continue to fall towards the next support. Be careful if the price closed down below support level.
• SCMA : The price closed 366 (-1.61%) and is still in the buying range. The price still has a chance to strengthen as long as it closed above support. Confirmation for further strengthening signal if it able to breakup to 372. Be careful if the price closed down below support level.
• TBIG : The price closed 3,190 (+0.31%) and still in a positive trend. The price still has a chance to strengthen as long as it closed above support. Confirmation for further strengthening signal if it able to breakup to 3,220. Be careful if the price closed down below support level.
• UNVR : The price closed at 4,340 (-0.68%) and is still in the buying range. The price still has a chance to strengthen as long as it closed above support. Confirmation for further strengthening signal if it able to breakup to 4,370. Be careful if the price closed down below support level.

News.

• PT Intiland Development (DILD) until quarter III-2021, the company lost IDR 77.23 billion, compared to the same period last year with a profit of IDR 39.45 billion. The loss was from a revenue correction of 11.65 percent to IDR 1.82 trillion.

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