Market Review (Session 1)

In session 1, JCI closed positive 0.84% to the level of 6,637

Indonesia's annual inflation increased to an 18-month high of 1.87 percent in December of 2021 from 1.75 percent in the previous month, slightly beating market consensus of 1.8 percent, amid Christmas and holiday season.

Market Prediction (Session 2)

JCI : The index closed higher and breakup to our resistance flow. The next movement there is a chance to further strengthen to the next target of 6,647. The closest benchmark support is at 6,621.

• ACES : The price managed to touch the second target at 1,330 (3.91%), the highest at 1,385 (+8.20%) and closed at 1,375 (7.42%). The closest benchmark support is at 1,340. The price is still likely to continue strengthening if it is able to hold above 1,340. The next target is at 1,420. Be careful if the price fails to hold above level 1,340.
• DMMX : The price closed at 2,700 (-0.74%) 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 if it is bullish again or breakup to 2,740. Be careful if the price goes down below support level.
• MAPI : The price closed at 705 (-0.70%) 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 if it is bullish again or breakup to 725. Be careful if the price goes down below support level.
• SCMA : The price closed stagnant at 326 and still in the buying range. The price still has a chance to strengthen as long as it closed above support. Confirmation for further strengthening if it is bullish again or breakup to 330. Be careful if the price goes down below support level.

News.

• PT Wijaya Karya (WIKA) until the third quarter of 2021 recorded a positive performance. In that period, revenue and net profit grew. The revenue collected was IDR 11.64 trillion. Up 12.18 percent from the same period in 2020 in the range of IDR 10.38 trillion.

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