Daily Research 22 Mei 2018

S2 S1 IDX R1 R2
5,597.7 5,674.0 5,733.9 5,835.0 5,919.2
  • Dow Jones gained 1.2% at 25,013 after US Treasury Secretary said that trade war was “on hold” following an agreement with China to suspend tariff threats.
  • Regional market traded mixed with lower tendency this morning.
  • IDX traded down below recent low as foreign seller continues.
  • We expect IDX to trade mixed with lower tendency as investor concerns on currency depreciation and rising Indonesia treasury yields.
AALI

Sell on Strength

S2 S1 Level R1 R2
11,900 12,500 13,025 13,325 13,975

AALI edged higher but with a position its rather strong horizontal resistance possibly trimming a further upside potential.

INCO

Sell on Strength

S2 S1 Level R1 R2
3,430 3,610 3,810 3,860 4,000

INCO still continue trading higher but closed near horizontal resistance and overbought RSI trend that could limit the upswing.

LSIP

Hold

S2 S1 Level R1 R2
1,095 1,150 1,225 1,260 1,310

LSIP has a chance to continue rally after ended trading with high volume. The rally will valid if LSIP break above recent high level (R1).

Sell on Strength

S2 S1 Level R1 R2
1,800 1,875 1,935 2,010 2,110

PGAS was in the negative territory with a dark cloud cover pattern near its horizontal support. A break on this support would once again create a downside potential.

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Kiwoom Trader 22 Mei 2018

Bursa Eropa bergerak mixed namun Dow Jones berhasil naik 1.2% pada level 25,013 setelah Menteri Keuangan Amerika mengungkapkan kesepakatan dengan Pemerintah China untuk menghentikan sementara saling menggertak terkait kebijakan perdagangan antara kedua negara. Bursa regional diperdagangkan mixed cenderung menurun pagi ini. IHSG turun dibawah level terendah sebelumnya pada awal Mei seiring berlanjutnya aksi jual investor asing. Kami memperkirakan IHSG bergerak mixed dengan kecenderungan negatif dibayangi depresiasi Rupiah serta kecenderungan kenaikan yield obligasi Pemerintah Indonesia.

Stock Closing Rec. S2 S1 R1 R2
AALI 13,025 Sell on Strength 11,900 12,500 13,325 13,975
INCO 3,810 Sell on Strength 3,430 3,610 3,860 4,000
LSIP 1,225 Hold 1,095 1,150 1,260 1,310
PGAS 1,935 Sell on Strength 1,800 1,875 2,010 2,110

Kiwoom Trader 12 March 2018


Bursa Eropa diperdagangkan mixed akhir pekan lalu. Bursa Amerika diperdagangkan naik setelah keluarnya data tenaga kerja yang lebih baik dari perkiraan dengan Dow Jones naik 1.8% pada level 25,335. Data tenaga kerja turut memicu kenaikan tingkat imbal hasil (yield) obligasi Amerika serta US Dollar Index, seiring potensi kenaikan suku bunga the Fed dalam rapat FOMC 20-21 Maret. Bursa regional diperdagangkan positif pagi ini. Candlestick IHSG membentuk pola hanging man hari Jumat mengindikasikan potensi koreksi lanjutan hari ini seiring masih berlanjutnya aksi jual investor asing. Kami memperkirakan IHSG bergerak mixed cenderung positif hari ini mengikuti rebound bursa regional.

Stock Closing Rec. S2 S1 R1 R2
AALI 14,300 Sell on Strength 13,600 14,000 14,600 15,025
BMTR 620 Trading Buy 550 580 630 655
PTBA 2,890  Trading Buy 2,520 2,690 3,050 3,240
UNVR 50,550 Buy on Weakness 47,075 49,150 51,500 52,975

Daily Research 12 March 2018

S2 S1 IDX R1 R2
6,277.2 6,353.7 6,443.3 6,508.1 6,594.4
  • European market traded mixed last Friday while Dow Jones climbed 1.8% at 25,335 backed by strong US labor data. Regional market traded positive this morning.
  • Recovery in US labor market triggered increase in US Government bond yield and US Dollar Index, as investors braced for potential rate increase on 20-21 March FOMC meeting.
  • IDX candlestick formed hanging man last Friday which may lead to another weak session today as foreign investors keep selling Indonesian equities.
  • We expect IDX to trade mixed with positive tendency as regional market rebounds.
AALI

Sell on Strength

S2 S1 Level R1 R2
13,600 14,000 14,300 14,600 15,025

AALI closed the session lower with a bearish engulfing formation suggesting a further downturn.

BMTR

Trading Buy

S2 S1 Level R1 R2
550 580 620 630 655

BMTR closed the session higher with long white candle and followed by high enough volume indicating another upside potential.

PTBA

Trading Buy

S2 S1 Level R1 R2
2,520 2,690 2,890 3,050 3,240

PTBA closed the trading higher with a strong volume after on a weak trend in the last 5 days creating a technical rebound.

UNVR

Buy on Weakness

S2 S1 Level R1 R2
47,075 49,150 50,550 51,500 52,975

UNVR still carried on the weak turn with presence of several supports that could dampen the downturn

Kiwoom Trader 02 March 2018


Bursa Eropa dan Amerika ditutup negatif dengan Dow Jones turun 1.7% pada level 24,609 setelah Presiden Amerika mengumumkan kebijakan tarif baru dengan tarif impor baja dan aluminium baru yang akan diumumkan minggu depan. Investor global membutuhkan waktu mencerna kebijakan tarif Amerika yang baru. Bursa regional diperdagangkan menurun dengan Nikkei 224 turun 2.2% pagi ini. Candlestick IHSG membentuk pola inverted hammer kemarin. Diperdagangkan dekat dengan garis diagonal support jangka pendek, IHSG rentan mengalami koreksi teknikal. Kami memperkirakan IHSG bergerak cenderung menurun hari ini.

Stock Closing Rec. S2 S1 R1 R2
AALI 15,025 Trading Buy 14,000 14,250 15,275 15,500
BKSL 228 Trading Buy 200 210 240 255
LSIP 1,485 Trading Buy 1,340 1,375 1,525 1,560
PGAS 35,600 Sell on Strength 2,360 2,530 2,720 2,860

 

Daily Research 02 March 2018

S2 S1 IDX R1 R2
6,482.1 6,545.0 6,606.1 6,689.3 6,750.0
  • Dow Jones closed 1.7% lower at 24,609 after US President announce new tariff policies with steel and aluminum import new tariff scheduled to be announced next week.
  • Regional market traded negative with Nikkei 225 lead with 2.2% decline this morning. Global investor need time to digest and assess US new tariff scheme (protectionism).
  • IDX’s candlestick formed inverted hammer yesterday near short term diagonal support line, vulnerable to technical correction
  • We expect IDX trade lower today
AALI

Trading Buy

S2 S1 Level R1 R2
14,000 14,250 15,025 15,275 15,500

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

BKSL

Trading Buy

S2 S1 Level R1 R2
200 210 228 240 255

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

LSIP

Trading Buy

S2 S1 Level R1 R2
1,340 1,375 1,485 1,525 1,560

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

PGAS

Trading Buy

S2 S1 Level R1 R2
2,360 2,530 2,610 2,720 2,86

PGAS closed the session lower with a dark cloud cover formation suggesting a further downturn.

Daily Research 04 December 2017

S2 S1 IDX R1 R2
5,886.4 5,927.9 5,952.1 6,031.5 6,081.4
  • US and European stock indices ended lower on the weekend.
  • Former President Trump’s security adviser Michael Flynn will testify that he was once directed to establish relations with Russia.
  • Nikkei 225 index opened lower this morning, Kospi and All Ordinaries higher.
  • Although there is a chance of IDX rebound after a sharp decline, but be wary of negative global sentiment. Support 5,895 and resistance 6,015.
AALI

Sell on Strength

S2 S1 Level R1 R2
13,500 13,700 13,850 14,150 14,500

AALI closed below its recent low. AALI’s price pattern also showed a break to its short term diagonal support line which ends its short term uptrend channel. ASII may trade lower to test its support levels.

ASII

Sell on Strength

S2 S1 Level R1 R2
7,625 7,825 7,975 8,300 8,800

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

GGRM

Sell on Strength

S2 S1 Level R1 R2
74,000 75,700 76,525 79,800 81,300

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

KLBF

Sell on Strength

S2 S1 Level R1 R2
860 925 1,025 1,045 1,095

KLBF moved lower during the last several days but with presences of its horizontal support that could limit the weak 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.