Market Review (Session 1)

In session 1, JCI closed positive 0.12% to the level of 6,537.47

Money Supply M2 in Indonesia increased to 7572200 IDR Billion in November from 7491700 IDR Billion in October of 2021.

Market Prediction (Session 2)

JCI : The index closed slightly higher with a bearish candle and touched our resistance flow area. JCI is expected to continue to move sideways and could go down first to test level of 6.529. Be careful if JCI moves down below level 6.529, it could go down towards our support flow.

• AMRT : Tht price closed at 1.195 (-1.64%) and is still in the buying range. The price still has a chance to strengthen as long as it closed above support. Confirmation for the buy signal if it can be bullish again or breakup to 1.225. Be careful if the price closed below support level.
• ARTO : The price managed to pass the second target at 17.100 (+3.79%), the highest was at 17.550 (+6.52%) and closed at 17.450 (+5.91%). The closest benchmark support is at 16.975. The price still has a chance to continue to the next target at 19.050 if it is able to hold above level 16.975. Be careful if the price fails to close above the new support.
• DGIK : The price managed to touch the first target at 222 (+2.78%), the highest at 224 (+3.70%) and closed at 214 (-0.92%). The price still has a chance to strengthen as long as it closed above support. Be careful if the price fails to close above the new support.
• DMMX : The price managed to touch the first target at 2.760 (+1.85%), the highest at 2.770 (+2.21%) and closed at 2.660 (-1.84%). The price still has a chance to strengthen as long as it closed above support. Be careful if the price fails to close above the new support.

News.

• PT Repower Asia Indonesia (REAL) next year will set marketing sales of IDR 100.81 billion. This figure refers to the growth in accounting sales in the third quarter of 2021, up 60.58 percent from last year.

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