Market Review (Session 1)

In session 1, JCI closed positive 0.33% to the level of 6,674.66

Market Prediction (Session 2)

JCI : The index closed higher and is in the range of our resistance flow. According to our initial forecast, it will strengthen. The next movement will still move sideways with a chance to strengthen at our resistance area.

• BKSW : The price crossed our target at 220 (+7.84%), the highest was at 234 (+14.7%) and closed at 226 (+10.78%). The closest benchmark support is at 220. Ideally the price stays above level 228 to continue the uptrend. Next target at 238. Be careful if the price is closed below support at 220, the price will retest level 204.
• CPIN : The price closed at 5,975 (-1.23%) and still in the buying range. The price still has a chance to strengthen as long as it closed above support. Confirmation for the next strengthening signal if it can breakup to level 6,050. Be careful if the price closed below support level.
• ESSA : The price managed to touch the first target at 406 (+3.06%), the highest at 408 (+3.55%) and closed at 400 (+1.52%) or still in a positive trend. The price still has a chance to continue strengthening as long as it closed above support. Confirmation for further strengthening signal if it breaks up to 406. Be careful if the price goes down below support.
• INDF : The price closed at 6,600 (-0.37%) and still in the buying range. The price still has a chance to strengthen as long as it closed above support. Confirmation for the next strengthening signal if it can breakup to 6,650. Be careful if the price goes down below support level.

News.

• PT Gunung Raja Paksi Tbk (GGRP) recorded sales of US$ 502.43 million. This sales achievement rose 7.48 percent compared to the same period last year of US$ 467.4 million.
• PT Bank IBK Indonesia Tbk (AGRS) plans to raise capital through a rights issue through a limited public offering IV (PUT IV) mechanism and plans to issue 10.92 billion shares.

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