Daily Research 24 May 2017

S2 S1 IDX R1 R2
5,643.5 5,697.1   5,730.6 5,791.8 5,837.2
  • Dow Jones closed 0.2% higher at 20,937.9 level ahead of FOMC meeting minute release.
  • Regional bourses traded positive this morning. Oil price steady at US$ 51 per barrel ahead of OPEC meeting.
  • Technical correction pushed IDX lower as investors lock their profits. IDX look intact with its strong uptrend channel. EIDO closed 0.77% lower at 27 levels on Tuesday.
  • We expect IDX to trade mixed with positive tendency today.
ADRO

Trading Buy

S2 S1 Level R1 R2
1,305 1,410 1,475 1,535 1,625

ADRO managed to moved up in a thin range with bullish harami formation suggesting a further upside opportunity.

AKRA

Sell on Strength

S2 S1 Level R1 R2
6,050 6,200 6,350 6,575 6,700

AKRA ended the trading negatively with a bearish engulfing pattern and break to its diagonal support with high enough volume may trigger price correction.

BMRI

Buy on Weakness

S2 S1 Level R1 R2
11,525 11,975 12,250 12,525 13,275

BMRI still carried on the weak turn with the presences of several supports that could dampen the downturn.

INDF

Sell on Strength

S2 S1 Level R1 R2
8,300 8,525 8,800 8,900 9,150

INDF closed the session higher in its diagonal resistance without volume and overbought RSI trend that could limit the upswing.

* This report is for informational purposes only. This report is exclusively published for the use of Kiwoom Securities clients, and may not be reproduced or distributed. While the information was collected from secure sources, Kiwoom Security does not guarantee the accuracy or reliability of the information. Kiwoom Securities bears no liability for any losses that may occur from investments based on the information provided in this report.

Kiwoom Trader 24 May 2017

Dow Jones naik 0.2% ditutup pada level 20,937.6 menjelang rilis notulen rapat FOMC. Bursa regional pagi ini diperdagangkan positif. EIDO turun 0.77% ditutup pada level 27 hari Selasa. Harga minyak stabil pada kisaran US$ 51 per barrel menjelang pertemuan OPEC untuk membahas kesepakatan perpanjangan pembatasan produksi hingga Maret 2018. IHSG kembali mengalami tekanan jual seiring aksi profit taking investor namun masih dalam tren naik yang cukup kuat. Kami memperkirakan IHSG bergerak mixed cenderung positif atas potensi teknikal rebound serta dukungan sentimen positif bursa regional pagi ini.

Stock Closing Rec. S2 S1 R1 R2
ADRO 1,475 Trading Buy 1,305 1,410 1,535 1,625
AKRA 6,350 Sell on Strength 6,050 6,200 6,575 6,700
BMRI 12,250 Buy on Weakness 11,525 11,975 12,525 13,275
INDF 8,800 Sell on Strength 8,300 8,525 8,900 9,150

*This report is for informational purposes only. This report is exclusively published for the use of Kiwoom Securities clients, and may not be reproduced or distributed. While the information was collected from secure sources, Kiwoom Security does not guarantee the accuracy or reliability of the information. Kiwoom Securities bears no liability for any losses that may occur from investments based on the information provided in this report.Best Regards,

Daily Research 23 May 2017

S2 S1 IDX R1 R2
5,643.5 5,697.1   5,749.4 5,850.0 5,900.0
  • Dow Jones closed 90 point higher at 20,894.8 levels yesterday. EIDO closed 0.66% lower at 27.21 levels.
  • Regional bourses traded sideways this morning following an incident at Manchester arena (UK) linked with terrorism.
  • Profit taking actions by investors pushed IDX lower as it fail to break strong diagonal resistance line.
  • We expect IDX to trade lower today as investors tend to lock their profits.
BEST

Sell on Strength

S2 S1 Level R1 R2
266 282 300 306 318

BEST was in the positive side but with a closer near its diagonal resistance that could limit upswing.

BNGA

Sell on Strength

S2 S1 Level R1 R2
1,155 1,215 1,260 1,320 1,400

BNGA was in the negative side with a shooting star formation after fail to break above its diagonal resistance that trend indicating a further downturn.

SMGR

Trading Buy

S2 S1 Level R1 R2
8,900 9,100 9,400 9,575 9,825

SMGR ended trading positive in horizontal resistance area with high volume. A break above horizontal resistance may send SMGR higher to test resistance levels.

WSKT

Trading Buy

S2 S1 Level R1 R2
2,230 2,300 2,420 2,490 2,560

WSKT closed the session higher above its diagonal resistance with increasing trading volume indicating another upside potential.

* This report is for informational purposes only. This report is exclusively published for the use of Kiwoom Securities clients, and may not be reproduced or distributed. While the information was collected from secure sources, Kiwoom Security does not guarantee the accuracy or reliability of the information. Kiwoom Securities bears no liability for any losses that may occur from investments based on the information provided in this report.

Kiwoom Trader 23 May 2017

Dow Jones naik 90 poin ditutup pada level 20,894.8 kemarin. EIDO turun 0.66% pada level 27.21. Bursa regional pagi ini diperdagangkan sideways seiring berita insiden ledakan terkait terorisme di Manchester (Inggris). Aksi profit taking investor memicu penurunan IHSG kemarin sehingga gagal menembus ke atas garis diagonal resisten kuat. Kami memperkirakan IHSG kembali bergerak cenderung melemah seiring berlanjutnya aksi profit taking investor.

Stock Closing Rec. S2 S1 R1 R2
BEST 300 Sell on Strength 266 282 306 318
BNGA 1,260 Sell on Strength 1,155 1,215 1,320 1,400
SMGR 9,400 Trading Buy 8,900 9,100 9,575 9,825
WSKT 2,420 Trading Buy 2,230 2,300 2,490 2,560

*This report is for informational purposes only. This report is exclusively published for the use of Kiwoom Securities clients, and may not be reproduced or distributed. While the information was collected from secure sources, Kiwoom Security does not guarantee the accuracy or reliability of the information. Kiwoom Securities bears no liability for any losses that may occur from investments based on the information provided in this report.Best Regards,

Daily Research 22 May 2017

S2 S1 IDX R1 R2
5,577.5 5,622.9   5,791.9 5,850.0 5,900.0
  • Dow Jones closed 141.8 point higher (+0.7%) at 20,804.8 levels last Friday.
  • Regional bourses traded positive this morning despite North Korea missile test launched yesterday.
  • IDX closed sharply higher last Friday backed by positive rating upgrade from Standard & Poor’s. IDX closed at strong diagonal resistance line. IDX may
    continue its strong positive momentum if able to break above that line.
  • We expect IDX to trade on positive territory today.
BMRI

Sell on Strength

S2 S1 Level R1 R2
11,700 12,000 12,900 13,275 13,500

BMRI closed the session higher in its diagonal resistance without volume and overbought RSI trend that could limit the upswing.

GGRM

Sell on Strength

S2 S1 Level R1 R2
70,000 72,000 76,500 77,100 78,500

GGRM ended the trading higher without volume and open gap up with an overbought RSI trend that could limit the upswing.

ICBP

Sell on Strength

S2 S1 Level R1 R2
8,425 8,675 9,100 9,350 9,575

ICBP ended the trading higher in its diagonal resistance without volume and overbought RSI trend that could limit the upswing.

SMRA

Trading Buy

S2 S1 Level R1 R2
1,155 1,200 1,325 1,375 1,420

SMRA closed the session positive above its diagonal resistance after on a weak trend in the last 4 days creating a technical rebound.

* This report is for informational purposes only. This report is exclusively published for the use of Kiwoom Securities clients, and may not be reproduced or distributed. While the information was collected from secure sources, Kiwoom Security does not guarantee the accuracy or reliability of the information. Kiwoom Securities bears no liability for any losses that may occur from investments based on the information provided in this report.

Kiwoom Trader 22 May 2017

Dow Jones naik 141.8 point (+0.7%) ditutup pada level 20,804.8 akhir pekan lalu. Bursa kawasan regional diperdagangkan positif pagi ini kendati dibayangi sentimen peluncuran rudal Korea Utara kemarin. EIDO naik 5.4% hari Jumat pada level 27.39 didukung sentimen positif rating upgrade Standard & Poors. Kami memperkirakan IHSG kembali bergerak positif hari ini.

Stock Closing Rec. S2 S1 R1 R2
BMRI 12,900 Sell on Strength 11,700 12,000 13,275 13,500
GGRM 76,500 Sell on Strength 70,000 72,000 77,100 78,500
ICBP 9,100 Sell on Strength 8,425 8,675 9,350 9,575
SMRA 1,325 Trading Buy 1,155 1,200 1,375 1,420

*This report is for informational purposes only. This report is exclusively published for the use of Kiwoom Securities clients, and may not be reproduced or distributed. While the information was collected from secure sources, Kiwoom Security does not guarantee the accuracy or reliability of the information. Kiwoom Securities bears no liability for any losses that may occur from investments based on the information provided in this report.Best Regards,

Daily Research 19 May 2017

S2 S1 IDX R1 R2
5,577 5,615   5,645.4 5,688 5,725
  • Dow Jones closed 55.1 point higher at 20,663 levels while EIDO increased 0.58% at 25.99 levels.
  • Regional bourses traded mixed with negative tendency this morning.
  • Technical rebound pushed IDX higher yesterday, however its upside potentials may be limited as it traded below short term diagonal support line.
  • We expect IDX to trade mixed with positive tendency today.
ADHI

Hold

S2 S1 Level R1 R2
2,130 2,160 2,180 2,210 2,250

ADHI traded sideways near recent low level. A break below S1 may trigger further price correction however a break above short term diagonal resistance line may trigger technical rebound.

INDF

Hold

S2 S1 Level R1 R2
8,225 8,375 8,450 8,475 8,575

INDF traded sideways near recent high level with increasing trading volume. A break above R1 may send INDF higher to test resistance levels.

TLKM

Sell on Strength

S2 S1 Level R1 R2
4,110 4,270 4,310 4,340 4,420

TLKM closed below recent low which now acted as its first resistance (R1) level. Further correction may happen if it fail to break above R1 level.

WSKT

Hold

S2 S1 Level R1 R2
2,120 2,180 2,230 2,300 2,330

WSKT closed at recent low on a downtrend channel. A break below current level may trigger deeper correction. WSKT may get technical rebound if it break above R1 level.

* This report is for informational purposes only. This report is exclusively published for the use of Kiwoom Securities clients, and may not be reproduced or distributed. While the information was collected from secure sources, Kiwoom Security does not guarantee the accuracy or reliability of the information. Kiwoom Securities bears no liability for any losses that may occur from investments based on the information provided in this report.