let's discuss further into the idx performance and take a deeper look at which direction it could potentially take with gumma Gadi the astroni founders and CEO pagma you there with us hi we got you there yeah hi can you hear me okay yes all right so let's take a look all right so let's take a look at the Jak Jakarta composite uh index so how is the performance so far and how you see it is uh coming days or years okay let's talk about the shortterm outlook for jci and we believe the sideways movement will be continued for the whole August 2024 we have Mercury retrograde cycle the first week of August which is four of August that will bring the sideways to shortterm barish movement for Indonesia Market okay jci most likely okay jci most likely going to be uh declining to 7,100 for the next upcoming weeks so that's what I'm looking at now um we're looking at the um like the whole year we believe the bullish Trend will still um with our market and then we're looking for 7,800 for the final Target for 2024 or probably going to extend to the first quarter 2025 but in terms of the week's Outlook like I say this sideways movement will still continue until the second week to third week of August all right so you mentioned like it looks like on the short term is going to go hit 7,100 but for 2024 we might gonna reach the 70 7800 right there so the impact on the JC with no rate cut or hike what's gonna happen if there's no rate cut for the coming for this year when the fat holds the the the rate okay for the past 20 years the impact will be a positive to toara composite index since as we know when the United States keep increasing their rate it means the jci will also need to increasing I mean in will also need to increasing its rate otherwise people are going to go out from Indonesia Capital outp going to happen and then they will go to United States to put the money there that's why when the when the fat holds the rate it means there's a potentially good for Indonesia and people stays in our country probably going to stay in Capital Market still buying especially when Indonesia now has a higher rate compared to the United States it means people going to uh more likely come to our country and put their money here in terms of in the time deposit or buying the bonds or even the stocks market so when the fat decided to uh hold the uh the rate it means that could be a positive for Indonesia all right so it sound like we they we're hoping that the US actually the fat actually going to hold the rates to for a better J jci performance so uh the last couple days we already seen like some reports from some of lq45 companies one of them are b or BB and so what can we see from this performance of this accordly 2 financial report I'm really glad that these two Banks has a positive and the financial report they they are really great on on um their business so this will be a golden opportunity for all investors to keep looking to these two Banks B we got a pretty confident Target price at 6,400 and then you can start buying uh the stocks at 4,500 and bbca also one of the strongest stocks in Indonesia there's nothing wrong to invest in this stock financially is pretty strong and then when we uh take a look to the price action we believe the all-time high will happen and we're looking at roughly about like 10,700 to 11,000 for the next upcoming months maybe three or four months from now and for the long-term Target uh is very possible for the BCA to hit 11,500 so these two Banks uh they're very strong financially good business model and then liquidity wise I really recommend you to start buying on weakness on these stocks when you see a declining momentum you see a big correction that's the best time to buy these two stocks interesting so is that are are those two banks are your recommendation for this week for to to buy or do you have any yes so let's start with the jci the time support when we talk about the time trading we're looking at the second of August or at least the 1 of August will be uh the shortterm rebound the short-term time support for the jci and also for the BR and the BCA we're looking at the second of August that's that could be a time support or a good time for all traders to start buying the stocks all right so you mentioned here you have your graphic is time support around August 2nd and you mentioned up to the second week and then as you mentioned earlier expected upside Target even like this year might hit alltime high at 11,550 and then so let's take a look that's that correct sorry go ahead yeah that's for uh the longer term Trader or investor that's why we put the number there so if you decide to hold the stocks until the end of the year then you can look at 11,700 okay that's why July August and September are the best months to collect stocks when they are coming into a deep correction all right so and then for bar e you mentioned earlier the Gap area is around 4500 and then is look like on the beginning of August and expected it's going to be around 6500 is this going to be for longterm or short terms for 6500 now it should be less than 12 months and this 98% probability is going to hit 6,000 ,400 and then could be extended to 6,500 with 75% uh statistic probability all right so Indonesia has a higher interest rate obviously at the 6.25% uh% 75 BPS greater than the US interest rate now this might be a better opportunity for investor to invest in emerging market like don't you uh like but you mentioned earlier people if if they if the US hold at the 5.5 um they will if they lower it will one investor foreign investor will come in even better to Indonesian Indonesian Market yeah because how the fund management work they will have the allocation for their portfolio to the emerging country and we should uh get their attention when people out there coming to emerging country we hope that they're going to put their money in Indonesia so foreign direct investment number will be higher and if we're looking at 6.25% and then it's very attractive number for people who put the money here if the interest rate is going higher of course uh that will that will attract the good part so banking sector will get affected and then time deposits maybe Bond will be affected but the cons is when people get a loan like U they they have a dep and of course the interest rate going to hurt some uh stocks or companies listed in our Market that has big loan numbers okay the debt so they need to pay more because the interest expense will will get get higher and higher and then for retail if they have like a mortgage that also going to be a negative side but when we talk about how to attract people come to Indonesia if that the context I agree when Indonesia have like 6.25 or even 6.5% that will be beneficiary for our country all right so Before I Let You Go FC F MC is starting out well tomorrow morning for us t in your in your times uh and then we're going to find out more on on Wednesday or Thursday our time so how do you see what's coming up this uh this week and then do you see there's going to be a rate card on September or November so two things first in the United States roughly there's not much High inflation number and then number two Democrat is fighting with Republic and the election I I don't think that they going to increase the rate for now probably they're going to hold it because this is a part of the political strategy and higher probability they going to hold the interest rate for now all right well F thank you so much for being the show it's always a pleasure you today all right with that let's take a break after that in today's business talk segment we'll explore how women can not only participate in but excel at Gold investment stay tuned for that