DAILY TECHNICAL ANALYSIS

- Identifying a potential upside -

M. NAFAN AJI GUSTA UTAMA, CTA – SENIOR TECHNICAL ANALYST
INVESTMENT INFORMATION – RETAIL BUSINESS

Tuesday, 2nd April 2024

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 Support: 7137 & 7051
JCI – Limited downside Resistance: 7258 & 7296
JCI Daily Net Foreign Sell: 1.52 T
JCI YTD Net Foreign Buy: 26.27 T
JCI YTD Performance: -0.93%

Analyst: M. NAFAN AJI GUSTA, CTA

The JCI is attempting to establish a limited downside after retesting the lower boundaries of both parallel channel and the disjoint
angle as well. Based on the indicators, both Stochastics K_D and RSI signals are still negative, while volume decreases.

DISCLAIMER ON. Chart provided by HOTS Mirae Asset Sekuritas Indonesia

1 | Daily Technical Analysis| 2/4/2024 Mirae Asset Sekuritas Indonesia

 TP1: 2760 (+4.55%)

ADRO – Re-accumulating
TP2: 2980 (+12.88%)
Support: 2590 & 2500

Analyst: M. NAFAN AJI GUSTA, CTA

ADRO is definitely re-accumulating, as the price has retested both MA20 and the middle boundary of the up
channel as well. As markup phase still intact, a bullish flag pattern shall be visible. ACCUMULATIVE BUY.

DISCLAIMER ON. Chart provided by HOTS Mirae Asset Sekuritas Indonesia

2 | Daily Technical Analysis| 2/4/2024 Mirae Asset Sekuritas Indonesia

 TP1: 5425 (+4.33%)

ASII – Accumulating
TP2: 5825 (+12.02%)
Support: 5100 & 4900

Analyst: M. NAFAN AJI GUSTA, CTA

ASII is definitely accumulating. In addition, a bullish harami candlestick pattern is detected signifying buying
stimulus. ACCUMULATIVE BUY.

DISCLAIMER ON. Chart provided by HOTS Mirae Asset Sekuritas Indonesia

3 | Daily Technical Analysis| 2/4/2024 Mirae Asset Sekuritas Indonesia

 TP1: 800 (+3.90%)
TP2: 875 (+13.64%)
TP3: 950 (+23.38%)
ASSA – A rebound potential Support: 760 & 730

Analyst: M. NAFAN AJI GUSTA, CTA

ASSA is potentially establish a technical rebound since the price has retested both uptrend line and the 38.2%
retracement as well. In addition, a spinning top candle is detected signifying a limited downside. BUY ON WEAKNESS.

DISCLAIMER ON. Chart provided by HOTS Mirae Asset Sekuritas Indonesia

4 | Daily Technical Analysis| 2/4/2024 Mirae Asset Sekuritas Indonesia

Thank you
Important Disclosures & Disclaimers

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