Daily Research 22 January 2018

S2 S1 IDX R1 R2
6,279.5 6,371.2 6,490.9 6,520.0 6,575.0
  • Dow Jones closed 56.9 point higher at 26,071.7 levels. However until Friday (due date) midnight US Senate don’t reach agreements and triggered “Government shutdown” .
  • This may affect regional market which already traded flat this morning.
  • Tendency of US Dollar depreciation (as impact of US Government shutdown) and relatively high global energy prices expected to support IDX which traded in overbought territory.
  • We expect IDX to trade sideways with negative tendency today as some investors tend to realize profits.
CPIN

Sell on Strength

S2 S1 Level R1 R2
3,290 3,400 3,540 3,600 3,680

CPIN closed the session higher near its resistance with a thin volume that could limit the upswing.

GJTL

Trading Buy

S2 S1 Level R1 R2
680 765 825 910 1,010

GJTL closed the session higher above its short term horizontal resistance with high enough volume indicating another upside potential.

HMSP

Sell on Strength

S2 S1 Level R1 R2
4,600 4,830 5,100 5,150 5,250

HMSP closed the session all time high with a thin volume and overbought RSI trend that could limit the upswing.

PTPP

Buy on Weakness

S2 S1 Level R1 R2
2,690 2,880 2,960 3,100 3,250

PTPP continued the weak turn but with the presence of several supports that could slow down the current downswing.

* 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.

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Daily Research 19 January 2018

S2 S1 IDX R1 R2
6,279.5 6,371.2 6,472.7 6,520.0 6,575.0
  • Dow Jones closed 97.8 points lower at 26,017.8  levels ahead of US Government budget proposal that need to be approved by Congress today. Deadlock would mean Government shutdown.
  • Regional market traded flat this morning due to lack of positive catalysts.
  • Energy prices remained at relatively high levels, expected to support IDX which vulnerable to profit taking action today.
  • We expect IDX to trade mixed with negative tendency today.
AISA

Trading Buy

S2 S1 Level R1 R2
378 530 615 720 875

AISA closed the trading higher with a long white candle  followed by a high enough volume signaling a further favorable opportunity.

LPCK

Trading Buy

S2 S1 Level R1 R2
2,900 3,050 3,270 3,390 3,600

LPCK closed the session higher with long white candle  pattern after break above resistance line with higher volume indicating another upside potential.

MAPI

Sell on Strength

S2 S1 Level R1 R2
6,475 6,770 7,000 7,200 7,500

MAPI continued the upside movement but with the presences of its horizontal resistance and previous high in which could limit the upside movement.

RALS

Sell on Strength

S2 S1 Level R1 R2
1,110 1,175 1,500 1,510 1,550

RALS closed the session higher with long white candle with higher volume but 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.

Daily Research 18 January 2018

S2 S1 IDX R1 R2
6,279.5 6,371.2 6,444.5 6,475.0 6,520.0
  • While European market closed mostly negative Dow Jones managed to continue its strong rally, adding 322 points to close on a fresh new all-time high at 26,115.6
    levels backed by positive sentiments from US corporations, especially from Apple.
  • Regional market opened positive this morning following positive lead from US market.
  • IDX managed to closed higher backed by selective purchase from foreign investors.
  • While IDX still on its overbought territory, positive sentiments from regional market and relatively high energy prices expected to continue support IDX today.
BMRI

Sell on Strength

S2 S1 Level R1 R2
7,625 7,900 8,100 8,300 8,500

BMRI was in the negative side with a bearish engulfing formation indicating another downside potential.

DOID

Trading Buy

S2 S1 Level R1 R2
810 900 960 1,030 1,110

DOID took an upside turn with the break horizontal resistance and a high enough volume indicating a further upside opportunity

KRAS

Trading Buy

S2 S1 Level R1 R2
410 454 515 535 565

KRAS closed the session higher with long white candle pattern after break above resistance line with higher volume indicating another upside potential.

TINS

Trading Buy

S2 S1 Level R1 R2
815 860 960 995 1,030

TINS closed the session higher with long white candle pattern after break above diagonal resistance line with higher 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.

Daily Research 17 January 2018

S2 S1 IDX R1 R2
6,279.5 6,341.3 6,429.7 6,445.9 6,500.0
  • Dow Jones closed 10.3 point lower after intraday rally of more than 250 points as investors worried of Government shutdown as Congress needs to pass a spending bill this Friday.
  • Regional market traded negative this morning following volatile US sessions.
  • IDX closed positive yesterday, after traded sideways for several trading days, as it booked another record high levels.
  • We expect IDX to trade in negative territory today as investors tend to lock profits while negative sentiments from regional markets may also affect sentiments.
BWPT

Trading Buy

S2 S1 Level R1 R2
187 200 232 240 254

BWPT closed the session higher with long white candle pattern after break above resistance line with higher volume indicating another upside potential.

HRUM

Sell on Strength

S2 S1 Level R1 R2
2,310 2,450 2,540 2,630 2,800

HRUM was still in the positive side but with a close near its horizontal resistance that could limit the upside movement.

WSKT

Sell on Strength

S2 S1 Level R1 R2
2,400 2,560 2,650 2,670 2,800

WSKT still managed a thin upside but a close near its recent high in which suggesting potential correction.

WTON

Trading Buy

S2 S1 Level R1 R2
505 540 580 595 625

WTON closed the session higher with long white candle pattern after break above resistance line with higher 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.

Daily Research 16 January 2018

S2 S1 IDX R1 R2
6,181.9 6,279.5 6,382.2 6,445.9 6,500.0
  • European market traded lower on profit taking while Dow Jones closed on Martin Luther King Day.
  • Regional market traded lower this morning due to lack of positive catalyst.
  • Rupiah appreciation and relatively high energy prices expected to support positive sentiment for IDX which closed near its recent high.
  • We expect IDX to trade mixed with lower tendency as investor tend to realize profits.
ADHI

Trading Buy

S2 S1 Level R1 R2
1,960 2,040 2,120 2,200 2,290

ADHI closed the session above recent high with increasing trading volume indicating another upside potential.

INCO

Sell on Strength

S2 S1 Level R1 R2
2,950 3,110 3,220 3,290 3,400

INCO closed the session higher near its resistance with a thin volume and overbought RSI trend that could limit the upswing.

RALS

Sell on Strength

S2 S1 Level R1 R2
1,110 1,175 1,300 1,330 1,370

RALS closed the session higher near its resistance with a thin volume and overbought RSI trend that could limit the upswing.

TLKM

Buy on Weakness

S2 S1 Level R1 R2
3,910 4,060 4,120 4,200 4,320

TLKM still carried on the downturn but with the presence of its horizontal support that could slow the downturn.

* 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.

Daily Research 15 January 2018

S2 S1 IDX R1 R2
6,181.9 6,279.5 6,370.1 6,445.9 6,500.0
  • Dow Jones closed 0.9% higher last Friday at fresh new high 25,803.2 levels backed by positive sentiments on US earning season.
  • Regional market opened in positive territory this morning.
  • US Dollar Index dropped below 91 trigger Rupiah appreciation and support commodity prices.
  • With stronger Rupiah, which traded at IDR 13,350 per US$ this morning, and relatively high commodity prices we expect IDX to trade mixed with positive
    tendency today
ISAT

Sell on Strength

S2 S1 Level R1 R2
5,400 5,750 6,000 6,400 6,700

ISAT ended the trading negatively with higher volume and overbought RSI trend indicating a further downturn.

KLBF

Buy on Weakness

S2 S1 Level R1 R2
1,600 1,645 1,695 1,750 1,800

KLBF still carried on the weak trend with a bearish engulfing but with the presence of its horizontal support that could expectedly limit another downside movement.

MEDC

Sell on Strength

S2 S1 Level R1 R2
965 1,025 1,095 1,125 1,180

MEDC closed the session higher in diagonal resistance with a thin volume and overbought RSI trend that could limit the upswing.

TINS

Trading Buy

S2 S1 Level R1 R2
780 840 885 940 1,000

TINS ended the session higher with a long white candle pattern and a high enough volume indicating a further 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.

Daily Research 10 January 2018

S2 S1 IDX R1 R2
6,181.9 6,279.5 6,373.1 6,445.9 6,500.0
  • European and American market traded higher with Dow Jones up 102.8 points at fresh new high 25,385.8. Regional market traded flat today as investors tend to realize profits.
  • Crude oil settled higher at US$ 63.4 per barrel even though US Dollar Index increased slightly.
  • IDX’s candlestick formed “dark cloud cover” yesterday which may indicate potential correction today.
  • In all we expect IDX to trade lower today to test its support levels.
GGRM

Sell on Strength

S2 S1 Level R1 R2
76,000 78,400 81,600 84,775 87,000

GGRM was on the weak side followed by a long black candle indicating a still weak potential.

ISAT

Sell on Strength

S2 S1 Level R1 R2
4,750 5,000 5,475 5,610 6,000

ISAT closed the session higher near its diagonal resistance with a thin volume and overbought RSI trend that could limit the upswing.

PTPP

Sell on Strength

S2 S1 Level R1 R2
2,575 2,670 2,730 2,780 2,900

PTBA was still in positive side but with a close near its recent high that could limit the upside movement.

SMGR

Sell on Strength

S2 S1 Level R1 R2
10,500 10,750 11,200 11,280 11,500

SMGR ended the trading positively after break above resistance with a thin volume and overbought RSI trend that could limit the upside turn.

* 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.