Daily Research 26 April 2018

S2 S1 IDX R1 R2
5,952.1 6,054.6 6,079.9 6,246.1 6,355.9
  • Dow Jones closed 0.25% higher at 24,083.8 backed by Boeing shares on better than expected 1Q 2018 earnings.
  • Regional market traded mixed this morning as US Dollar Index increase above 91 levels while US 10-year Government bond yield closed above 3% levels.
  • IDX closed below recent low at 6,140 levels which confirms major correction pattern.
  • In all we expect IDX to trade mixed with negative tendency today as foreign investor continue selling equities while Rupiah depreciation is inevitable.
BBCA

Sell On Strenght

S2 S1 Level R1 R2
20,800 21,300 21,750 23,125 23,500

BBCA ended the trading negatively with higher volume after break below diagonal support indicating a further downturn.

BBRI

Sell on Strength

S2 S1 Level R1 R2
3,010 3,210 3,310 3,400 3,480

BBRI moved negatively with a long black candle followed by a high volume suggesting a further downside potential.

MEDC

Hold

S2 S1 Level R1 R2
1,075 1,140 1,215 1,300 1,365

MEDC closed below its recent low. A further downside would remain possible if MEDC break its diagonal support may trigger price correction.

TLKM

Sell On Strenght

S2 S1 Level R1 R2
3,540 3,660 3,780 3,870 3,990

TLKM moved negatively with a bearish engulfing formation that could lead to a further down.

Advertisements

Daily Research 25 April 2018

S2 S1 IDX R1 R2
6,138.1 6,194.5 6,229.6 6,369.3 6,444.5
  • Dow Jones closed 1.7% lower at 24,024 as US 10-year treasury yield near 3% level, a level unseen since January 2014.
  • Regional market traded lower this morning
  • IDX slip below recent low which may test its next support levels.
  • In all we expect IDX to trade lower today as sentiments affected by Rupiah depreciation and tendency of rising global interest rates.
ASII

Buy on Weakness

S2 S1 Level R1 R2
7,050 7,225 7,325 7,745 7,675

ASII was in the negative side but a close near its horizontal support that could limit the downturn movement.

RALS

Sell on Strength

S2 S1 Level R1 R2
1,285 1,350 1,410 1,500 1,550

RALS ended the trading negatively with higher volume after failed to break above recent high indicating a further downturn.

TINS

Buy on Weakness

S2 S1 Level R1 R2
1,005 1,040 1,060 1,100 1,145

TINS ended the trading negatively with a thin volume and a presence of its several support levels that could dampen a further downside movement.

UNVR

Sell

S2 S1 Level R1 R2
45,000 46,725 48,000 49,250 50,775

UNVR took a deep downturn and a break horizontal support indicating a further down trend.

Daily Research 24 April 2018

S2 S1 IDX R1 R2
6,179.4 6,244.4 6,308.2 6,369.3 6,444.5
  • Dow Jones closed 14.3 points lower at 24,448.7
    dragged by negative sentiments on tech sector and
    increase of 10-year US Government bond yield which
    nears 3% levels.
  • Regional market traded slightly positive this morning.
  • IDX traded lower as foreign investor booked IDR 1
    Trillion net sell yesterday.
  • In all we expect IDX to trade mixed with negative
    tendency today as sentiments affected by Rupiah
    depreciation and tendency of rising global interest
    rates.
ERAA

Sell on Strength

S2 S1 Level R1 R2
1,105 1,185 1,320 1,350 1,400

ERAA closed the session higher with long white candle pattern and break above recent high slightly with a thin volume that could limit the upswing.

KLBF

Sell on Strength

S2 S1 Level R1 R2
1,455 1,500 1,525 1,575 1,620

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

TBLA

Sell on strength

S2 S1 Level R1 R2
1,175 1,230 1,290 1,355 1,405

TBLA closed the session higher after break above horizontal resistance with higher volume indicating another upside potential.

UNTR

Sell on Strength

S2 S1 Level R1 R2
34,025 35,400 37,600 38,975 39,975

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

Daily Research 23 April 2018

S2 S1 IDX R1 R2
6,243.6 6,289.5 6,337.7 6,360.9 6,412.8
  • Dow Jones closed 0.8% lower at 24,462.9 affected by
    correction in Apple shares while investor also
    concerns of rising global interest rates. US
    Government 10-year bond yield closed above .9%
    last Friday.
  • Regional market traded sideways with negative
    tendency this morning.
  • IDX traded lower last Friday to test support levels.
  • In all we expect IDX to trade lower today as
    sentiments affected by Rupiah depreciation and
    tendency of rising global interest rates.
ANTM

Sell on Strength

S2 S1 Level R1 R2
865 885 905 925 955

ANTM was in the negative side with a bearish harami formation indicating another downside potential

DMAS

Trading Buy

S2 S1 Level R1 R2
164 174 184 192 204

DMAS ended the session higher with a long white candle and a strong volume suggesting a favorable potential

HMSP

Sell on strength

S2 S1 Level R1 R2
3,760 3,940 4,030 4,160 4,310

HMSP moved negatively with a long black candle followed by a high volume suggesting a further downside potential

PGAS

Sell on Strength

S2 S1 Level R1 R2
2,120 2,210 2,320 2,380 2,470

PGAS managed an upside turn but with a close near its horizontal resistance that could limit the upside opportunity.

Daily Research 19 April 2018

S2 S1 IDX R1 R2
6,179.4 6,244.4 6,320.0 6,410.7 6,500.8
  • Dow Jones closed 0.2% lower at 24,748 dragged by
    IBM shares. Regional market traded positive this
    morning.
  • Commodity prices traded higher as US plans trade
    sanctions to Russia. As the result crude oil rise 2.9%,
    nickel price up by 8.3% while tin price up by 2.5%
    which may support commodity sector today.
  • IDX traded higher yesterday near recent high at 6,360
    although bond market traded lower.
  • We expect IDX to trade positive today ahead of
    market speculation on good 1Q 2018 financial results.
BSDE

Trading Buy

S2 S1 Level R1 R2
1,730 1,770 1,830 1,840 1,875

BSDE closed the session higher with long white candle and break above resistance line with high enough volume indicating another upside potential.

BWPT

Sell on Strength

S2 S1 Level R1 R2
242 260 286 304 320

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

PGAS

Buy on Weakness

S2 S1 Level R1 R2
1,985 2,120 2,170 2,300 2,420

PGAS ended the trading negatively near diagonal support area with a thin volume suggesting a limited downside potential.

WSBP

Buy on Weakness

S2 S1 Level R1 R2
382 400 414 434 452

WSBP ended the trading negatively near diagonal support area with a thin volume suggesting a limited downside potential.

Daily Research 18 April 2018

S2 S1 IDX R1 R2
6,179.4 6,244.4 6,285.8 6,410.7 6,500.8
  • Dow Jones closed 0.9% higher at 24,786.6 while
    EIDO closed 0.1% lower at 27.47.
  • Regional market traded positive this morning with
    Kospi up 1%, Nikkei 225 up 0.7%, and AORD up
    0.2%.
  • IDX’s candlestick formed hammer pattern which
    indicates upside momentum today.
  • We expect IDX to trade positive today ahead of
    market speculation on good 1Q 2018 financial results.
BMRI

Sell On Strenght

S2 S1 Level R1 R2
7,500 7,725 7,900 8,125 8,325

BMRI took a weak turn a high enough volume after unable to break its resistance yesterday so that could lead to a further downturn.

ELSA

Buy On Weakness

S2 S1 Level R1 R2
434 460 478 505 530

ELSA ended the trading negatively near its diagonal support with a thin volume suggesting a limited downside potential.

PTBA

Sell on Strength

S2 S1 Level R1 R2
3,050 3,240 3,480 3,600 3,700

PTBA closed the session higher in resistance area with a thin volume and overbought RSI trend that could limit the upside turn.

UNTR

Hold

S2 S1 Level R1 R2
33,700 34,950 36,500 37,400 38,200

UNTR closed the session higher above it short horizontal resistance with high enough volume indicating another upside potential.

Daily Research 17 April 2018

S2 S1 IDX R1 R2
6,179.4 6,244.4 6,286.8 6,410.7 6,500.8
  • Dow Jones closed 0.9% higher at 24,573 backed by
    1Q 2018 financial results as investors eased worries
    on Syria.
  • Regional market traded slightly positive this morning.
  • IDX traded and closed in positive territory with
    candlestick formed bullish harami pattern which may
    lead to a rebound today.
  • In all we expect IDX to trade mixed with positive
    tendency today as the market prepares for release of
    1Q 2018 financial reports.
AKRA

Hold

S2 S1 Level R1 R2
5,450 5,600 5,800 5,950 6,100

AKRA has a chance to continue rally after ended trading with high volume. The rally will valid if AKRA break above diagonal resistance.

CPIN

Sell On Strenght

S2 S1 Level R1 R2
3,540 3,630 3,840 3,900 3,950

CPIN closed the session higher in diagonal resistance area with a thin volume that could limit the upswing

UNVR

Sell on Strength

S2 S1 Level R1 R2
49,050 50,200 51,525 52,000 53,550

UNVR edged higher but with a position near its horizontal resistance possibly trimming a further upside potential.

WSKT

Sell on Strength

S2 S1 Level R1 R2
2,210 2,320 2,410 2,490 2,600

WSKT closed the session lower after break below horizontal support with increasing volume indicating a further downturn