JAN

2021
VOL 2

JCI: SUN IN CAPRICORN

HIGH VOLATILITY!
1|EYE OF FUTURE 18 JAN 2021
The Economy of Indonesia
Indonesia aims for wider market access and regional economic integration via numerous trade
agreements. Among them is the Indonesia-South Korea Comprehensive Economic Partnership
Agreement (IK-CEPA). The minister also hopes to secure a limited trade deal with the United States.
The foreign affairs minister vowed, to strengthen the protection system for Indonesian citizens
abroad, including ship crews, as the third diplomatic priority. For instance, the ministry will create a
roadmap for the ratification of the International Labor Organization C-188 on Work in Fishing
Convention. It will help ensure decent work situations for the workers in the fishing sector. Throughout
2020, Indonesian diplomatic missions handled more than 54,000 cases abroad. They have settled Rp
103.8 billion (around $7.4 million) worth of financial rights for migrant workers.

US Economy
Indonesia aims for wider market access and regional economic integration via numerous trade
agreements. Among them is the Indonesia-South Korea Comprehensive Economic Partnership
Agreement (IK-CEPA). The minister also hopes to secure a limited trade deal with the United States.
The foreign affairs minister vowed, to strengthen the protection system for Indonesian citizens
abroad, including ship crews, as the third diplomatic priority. For instance, the ministry will create a
roadmap for the ratification of the International Labor Organization C-188 on Work in Fishing
Convention. It will help ensure decent work situations for the workers in the fishing sector. Throughout
2020, Indonesian diplomatic missions handled more than 54,000 cases abroad. They have settled Rp
103.8 billion (around $7.4 million) worth of financial rights for migrant workers. Dow Jones Industrial
Average decreased -0.57%, or 177.26 points, to 31,814.26. The S&P 500 decreased -0.72%, or 27.92
points, to 3,768.25, and the Nasdaq Composite turned -0.87% or 114.14 points, to 12,998.50.

OUR STOCK PICK

The peak is confirmed, JCI is likely to do the minor
correction. But, JCI is still in the strong Bullish trend.
Moreover, this period is Sun in Capricorn. It
indicates the Bullish momentum. Astronacci sees
that some stocks have the potential to be traded
for several days ahead. The stocks are BBRI, BBCA,
JSMR, PGAS, and WIKA. These stocks may provide
a good entry point and target price.

2|EYE OF FUTURE 18 JAN 2021

 DJI: MINOR CORRECTION

Source: Astronacci

MINOR CORRECTION

DJI - Daily. As seen on the chart, the outlook of DJI already made the new higher peak after all-
time-high. DJI is forming minor correction and re-test the previous consolidation area. The
momentum indicator is crossing down in the neutral area, indicating DJI will make a pullback at the
support first. The resistance area of DJI will be around 32,447 and 30,336 for the support area.

3|EYE OF FUTURE 18 JAN 2021

 EYE OF FUTURE – ROADMAP

Source: Astronacci

FORMING THE CORRECTION

JCI - Daily. The JCI roadmap is showing that the sideways will be continued before going upside
in 2021. We see that JCI is starting the minor correction before continuing to point up.

4|EYE OF FUTURE 18 JAN 2021

 JCI: FORMING MINOR CORRECTION

Source: Astronacci

FORMING MINOR CORRECTION

JCI - Daily. As seen on the chart, JCI already made the new higher peak as predicted by
Astronacci. This coincided with the new moon phenomenon which falls on January 13, 2021.
We foresee that JCI is going to the minor correction before continuing to go upside. The
momentum indicator already did death-cross near overbought area, indicating JCI will form
the correction first. The resistance area for JCI will be around 6,684 and 6,166 for the support
area.

5|EYE OF FUTURE 18 JAN 2021

 BANK RAKYAT INDONESIA (BBRI IJ)

BUY ON WEAKNESS
TARGET PRICE: Rp5,150

Source: Astronacci

Summary: BBRI - Daily. As seen on the chart, BBRI already formed the new swing high after
all-time-high. BBRI is forming minor correction in bullish continuation pattern. The
momentum indicator is pointing down in the oversold area, indicating that BBRI is going to
finish the correction before continuing to point up.

Momentum: The momentum indicator is pointing down in the oversold area, indicating that
BBRI is going to finish the correction before continuing to point up.

Pattern: BBRI is forming minor correction in bullish continuation pattern.

Price: The resistance area for BBRI will be around Rp5,150 and the updated support area
will be around Rp4,300.

6|EYE OF FUTURE 18 JAN 2021

 BANK CENTRAL ASIA (BBCA IJ)

BUY ON WEAKNESS
TARGET PRICE: Rp42,650

Source: Astronacci

Summary: BBCA - Daily. As seen on the chart, BBCA already made the new higher peak after
all-time high. We foresee that BBCA will form the normal correction in near future before
continuing to point up. The momentum indicator is pointing down in the neutral area, it
indicates that BBCA will form the correction first before continuing to point up.

Momentum: The momentum indicator is pointing down in the neutral area, it indicates that
BBCA will form the correction first before continuing to point up.

Pattern: BBCA is still moving in bullish continuation pattern.

Price: The next target price of BBCA will be around Rp40,250 as the 1st target area & Rp42,650
as the 2nd target area and Rp33,100 for the support area.

7|EYE OF FUTURE 18 JAN 2021

 JASA MARGA
BANK NEGARA (JSMR(BBNI
INDONESIA IJ) IJ)

BUY ON BREAKOUT
TARGET PRICE: Rp6,100

Source: Astronacci

Summary: JSMR - Daily. As seen on the chart, JSMR is going to continue the bullish
continuation pattern by breaking the classic resistance. We foresee that JSMR has a
chance to hit the next resistance area in near future. The momentum indicator is pointing
up near the overbought area, indicating that JSMR is going to hit the resistance area in
near future.

Momentum: The momentum indicator is pointing up near the overbought area, indicating
that JSMR is going to hit the resistance area in near future.

Pattern: JSMR is going to continue the bullish continuation pattern.

Price: The resistance area of JSMR will be around Rp5,400 as the 1st target area & Rp6,100
as the 2nd target area and Rp4,320 for the support area.

8|EYE OF FUTURE 18 JAN 2021

 PERUSAHAAN
BANK NEGARAGAS NEGARA(BBNI
INDONESIA (PGASIJ)IJ)

BUY ON WEAKNESS
TARGET PRICE: Rp2,510

Source: Astronacci

Summary: PGAS – Daily. As seen on the chart, PGAS already finished the ABC Corrective
wave. PGAS is ready to continue the upside movement and continue the bullish continuation
pattern. The momentum indicator is forming the hidden bullish divergence, indicating the
upside movement will be continued in few days ahead.

Momentum: The momentum indicator is forming the hidden bullish divergence, indicating
the upside movement will be continued in few days ahead.

Pattern: PGAS already finished the ABC Corrective wave. PGAS has a chance to form the
bullish continuation pattern.

Price: PGAS will meet the resistance area around Rp2,130 as the 1st target area & Rp2,510 as
the 2nd target area and the support area at Rp1,600.

9|EYE OF FUTURE 18 JAN 2021

 WIJAYA KARYA (WIKA IJ)

BUY ON BREAKOUT
TARGET PRICE: Rp3,000

Source: Astronacci

Summary: WIKA – Daily. As seen on the chart, WIKA already broke the small consolidation in
bullish continuation pattern. We foresee that WIKA has a chance to continue the upside
movement. The momentum indicator already did the golden cross, indicating WIKA is going
to continue the upside movement.

Momentum: The momentum indicator already did the golden cross, indicating WIKA is going
to continue the upside movement.

Pattern: WIKA is still forming in bullish continuation pattern.

Price: WIKA will meet the resistance area around Rp2,840 as the 1 st target area & Rp3,000 as
the 2nd target area and the support area at Rp1,950.

10 | E Y E O F F U T U R E 18 JAN 2021
11 | E Y E O F F U T U R E 18 JAN 2021
 DISCLAIMER

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Notes: All orders are valid until the next report is published, or a trading strategy alert is sent between reports.

GLOSSARY
Trading Positions
• BUY Stop : Buy order above specified price.
• SELL Stop : Sell order below specified price
• Stop Loss BUY : Closing buy position with SELL stop order to prevent further losses.
• Stop Loss SELL : Closing sell position with buy stop order to prevent further losses.
• Break Even S/L : Stop Loss order with a point above buy price or below selling price.
• Take Profit : Closing position in a profitable condition.
• Trailing Stop : Stop Loss order adjustment to ensure profitable position.
• Average Up : Adding more position as price moves toward the desired direction.
• Average Down : Adding more position as price moves toward opposite of the desired direction.

Money Management
• Margin Call : A position that you need to top up your capital or auto cut will be executed.
• 30% budget : Buying with maximum limit 30% of slot.
• 50% budget : Buying with maximum limit 50% of slot.
• Leverage : Buying activity that is accompanied with the usage of margin facility served by brokerage firm.

12 | E Y E O F F U T U R E 18 JAN 2021