Daily Research 23 October 2017

 

S2 S1 IDX R1 R2
5,825.1 5,854.5 5,929.5 5,967.1 6,000
  • Dow Jones closed 0.7% higher at 23,328.6 levels backed by positive sentiments on US tax reform.
  • EIDO closed 0.4% higher last Friday expected to support IDX on morning session today.
  • Regional market traded quite positive this morning.
  • IDX’s candlestick formed inverted hammer pattern last Friday which indicates continuation of selling pressure as investors tend to lock profits.
  • In all we expect IDX to trade mixed today.
ADHI

Trading Buy

S2 S1 Level R1 R2
2,030 2,080 2,160 2,170 2,220

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

JPFA

Sell on Strength

S2 S1 Level R1 R2
1,235 1,340 1,400 1,430 1,555

JPFA moved up rather considerably followed by a high volume but with the presence of its strong horizontal resistance suggesting a limited positive opportunity.

PTBA

Buy on Weakness

S2 S1 Level R1 R2
9,225 10,050 10,600 11,725 11,850

PTBA took a weak movement followed by a long black candle pattern signaling another downside potential.

WTON

Trading Buy

S2 S1 Level R1 R2
535 560 635 665 690

WTON ended the trading positively after break above long term diagonal resistance 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.

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Daily Research 20 October 2017

 

S2 S1 IDX R1 R2
5,825.1 5,854.5 5,910.5 5,967.1 6,000
  • Dow Jones managed to book 5.4 point gain at 23,163 levels after opened 100 points lower yesterday.
  • Regional market traded on negative territory this morning as investors lock profit before weekend.
  • IDX closed lower near strong diagonal support line and recent low level at 5,882 as foreign investors keep selling bluechip stocks.
  • We expect IDX to trade mixed with negative tendency today.
AKRA

Trading Buy

S2 S1 Level R1 R2
6,850 7,050 7,350 7,525 7,700

AKRA closed the session higher after break above diagonal resistance with high enough volume indicating another upside potential.

HMSP

Sell on Strength

S2 S1 Level R1 R2
3,660 3,760 3,820 3,950 4,090

HMSP was in the negative side followed by a bearish engulfing indicating a further downside potential.

INDF

Buy on Weakness

S2 S1 Level R1 R2
7,725 7,950 8,150 8,325 8,575

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

TINS

Speculative Buy

S2 S1 Level R1 R2
765 800 810 840 865

TINS ended the trading negatively near its short term horizontal support with a thin volume suggesting a limited downside 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 19 October 2017

 

S2 S1 IDX R1 R2
5,863.9 5,901.9 5,929.2 5,967.1 6,000
  • Dow Jones closed 160.2 point higher at fresh new high 23,157.6 levels backed by IBM share and positive sentiments over US earnings season.
  • Regional market traded higher backed by positive sentiments from American and European markets.
  • IDX closed lower near strong diagonal support line, triggered by large net sell position from foreign investors.
  • Relatively high selling pressure may limit IDX’s technical rebound chance today thus we expect IDX to trade sideways today.
BBCA

Sell on strength

S2 S1 Level R1 R2
18,875 19,650 20,200 20,800 21,600

BBCA edged lower with a long black candle formation in addition, a brea horizontal support would create a further down sign

JSMR

Sell on Strength

S2 S1 Level R1 R2
5,525 5,850 6,100 6,300 6,500

JSMR moved in the negative side with a bearish engulfing pattern after unable to break its recent high that could lead to another downturn.

MNCN

Trading buy

S2 S1 Level R1 R2
1,380 1,470 1,535 1,595 1,665

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

TLKM

Buy on weakness

S2 S1 Level R1 R2
4,000 4,140 4,300 4,400 4,520

TLKM closed the session lower with long black candle pattern near its diagonal support suggesting a limited downside 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 18 October 2017

 

S2 S1 IDX R1 R2
5,863.9 5,914.3 5,947.3 5,967.1 6,000
  • Dow Jones closed 40.5 point higher at fresh new high 22,997.4 levels backed by positive sentiments over US earnings season.
  • Regional market traded sideways this morning due to lack of positive catalyst.\
  • IDX’s candlestick formed “hanging man” pattern yesterday although the market pressured by large net sell position from foreign investors. As it formed at the top of a strong uptrend channel, it may send false signal.
  • In all we expect IDX to trade sideways with negative tendency today.
ASII

Buy on weakness

S2 S1 Level R1 R2
7,775 8,025 8,250 8,475 8,675

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

BMTR

Sell on Strength

S2 S1 Level R1 R2
515 575 610 620 655

BMTR moved higher considerably but with a close near its resistance that could trim another positive movement.

ADHI

Sell on strength

S2 S1 Level R1 R2
800 840 870 880 950

ERAA closed the session higher with declining volume suggesting a limited upside potential.

SCMA

Buy on weakness

S2 S1 Level R1 R2
1,960 2,080 2,130 2,190 2,310

SCMA was on the weak s ide near its horizontal support that could possibly lead to a limited downside movement

* 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 October 2017

 

S2 S1 IDX R1 R2
5,863.9 5,914.3 5,949.7 5,967.1 6,000
  • Dow Jones closed 0.37% higher at fresh new high 22,956.96 levels backed by positive sentiments of US earnings season.
  • Regional market traded positive this morning, may send some positive sentiments for IDX today.
  • IDX traded higher yesterday and closed near recent high at 5,951 levels backed by selective buy from foreign investors. A break above the line may trigger
    further upside momentum.
  • In all we expect IDX to trade positive today.
CPIN

Sell on Strength

S2 S1 Level R1 R2
2,960 3,090 3,210 3,310 3,530

CPIN was on an upside turn with presences of resistance that could limit the positive opportunity.

ITMG

Sell on Strength

S2 S1 Level R1 R2
19,725 20,675 21,400 21,600 22,200

ITMG closed the session positively but not followed volume and close near its recent high that could limit this upswing

ADHI

Trading buy

S2 S1 Level R1 R2
9,000 9,200 9,650 10,325 11,375

LPPF closed the session higher after break above diagonal resistance with higher volume indicating another upside potential.

PWON

Sell on strength

S2 S1 Level R1 R2
580 610 635 640 665

PWON moved up with a h ig h volume but near its horizontal resisatnce that could dampen this current upside movement.

* 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 October 2017

 

S2 S1 IDX R1 R2
5,825.1 5,854.5 5,924.1 5,967.1 6,000
  • Dow Jones closed 0.13% higher at 22,871.7 levels backed by positive sentiments as US earnings season kicks in.
  • EIDO closed 1.12% higher last Friday expected to support IDX on early trade today. Regional market traded positive this morning.
  • IDX’s candlestick formed shooting star last Friday which may lead to profit taking actions today.
  • In all we expect IDX to trade mixed today as foreign investors still record net sell on Indonesian equities.
BBTN

Sell on Strength

S2 S1 Level R1 R2
2,840 2,960 3,050 3,200 3,300

BBTN closed the session lower with dark cloud cover pattern followed by higher volume indicating a further downturn.

BSDE

Sell on Strength

S2 S1 Level R1 R2
1,700 1,730 1,750 1,775 1,800

BSDE ended the trading negatively after break below long term diagonal support with high enough volume indicating a further downturn.

GGRM

Sell on Strength

S2 S1 Level R1 R2
60,150 62,500 64,200 66,525 69,250

GGRM moved negatively with a long black candle followed by a high volume and also break on its horizontal support suggesting a further downside potential.

WSKT

Speculative Buy

S2 S1 Level R1 R2
1,700 1,800 1,865 1,920 2,000

WSKT edged higher with the break on its horizontal resistance and high volume after downturn suggesting a further up movement.

* 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 13 October 2017

 

S2 S1 IDX R1 R2
5,825.1 5,854.5 5,926.2 5,939.5 5,967.1
  • Dow Jones closed 0.14% lower at 22,841 levels as US earnings sentiments affect market.
  • EIDO closed 0.53% higher at 26.7 levels expected to support IDX this morning.
  • Technical rebound drove IDX higher yesterday backed by foreign net buy, may send IDX higher to reach its previous all-time high at 5,951 levels.
  • In all we expect IDX to trade mixed today.
ASII

Trading Buy

S2 S1 Level R1 R2
7,825 8,025 8,200 8,325 8,575

ASII edged higher with a full white candle and a break on horizontal resistance with a strong volume that could lead to another favorable potential.

CPIN

Sell on Strength

S2 S1 Level R1 R2
2,800 2,920 3,090 3,180 3,280

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

PGAS

Trading Buy

S2 S1 Level R1 R2
1,390 1,520 1,590 1,730 1,885

PGAS managed a rebound turn after on a downswing with a long white candle and supported by a high enough volume suggesting another favorable potential.

SRIL

Trading Buy

S2 S1 Level R1 R2
318 344 382 398 420

SRIL ended the trading positively after break above horizontal resistance 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.