Daily Research 20 Juni 2018

S2	S1	IDX	R1	R2
5,858.7	5,946.5	5,993.6	6,103.9	6,179.4

• Global market traded lower before Indonesian market open today as investor concerns over global trade war caused by US trade policies to China and EU.
• EIDO dropped 7.6% during long Lebaran holiday from 25.78 at the closing of 7 June in US market to 23.82 at the closing of 19 June.
• Global commodity prices dropped on trade war issues.
• We expect IDX to trade lower today as adjustments after long Lebaran holiday as global issues, mainly trade war ignited by US trade policies and rising global interest rates, caused negative sentiment to the overall market.

ACES	Sell on Strength
S2	S1	Level	R1	R2
1,230	1,315	1,360	1,390	1,450

ACES was in the positive side but so a position near recent high would have the chance to dampen the gaining turn.

BBCA	Sell on Strength
S2	S1	Level	R1	R2
21,500	22,000	22,250	23,150	23,650

BBCA ended the trading negatively with long black candle pattern followed by higher volume indicating a further downturn.

BMRI	Sell on Strength
S2	S1	Level	R1	R
6,525	6,775	6,950	7,375	7,675

BMRI closed the session lower with a long black candle formation and high enough volume indicating another weak movement.

INDF	Sell on Strength
S2	S1	Level	R1	R2
6,675	6,900	6,950	7,250	7,450

INDF ended the trading negatively with bearish engulfing pattern followed by higher volume indicating a further downturn.

Kiwoom Trader 20 Juni 2018

Bursa global diperdagangkan menurun menjelang pembukaan pasar Indonesia hari ini dipicu kekuatiran perang dagang atas kebijakan tarif Amerika terhadap China dan Eropa yang akan segera berlaku. Harga komoditas global tertekan dibayangi isu perang dagang. The Fed menaikkan tingkat bunga acuan menjadi 2% pekan lalu, memberi sinyal kenaikan tingkat bunga sebanyak 4 kali tahun ini. Rapat ECB minggu lalu sepakat memulai tapering akhir tahun ini. Kecenderungan investor menghindari pasar saham dan mengalihkan investasi ke pasar obligasi turut menopang kenaikan harga obligasi global. Kami memperkirakan IHSG bergerak cenderung menurun hari ini sebagai penyesuaian pasca libur panjang Lebaran atas berbagai isu global seperti potensi perang dagang Amerika terhadap China dan Eropa serta kecenderungan kenaikan tingkat bunga global. EIDO turun 7.6% selama liburan dari level 25.78 pada penutupan 7 Juni di pasar Amerika ke level 23.82 pada penutupan 19 Juni.

Stock	Closing	Rec.	S2	S1	R1	R2
ACES	1,360	Sell on Strength	1,230	1,315	1,390	1,450
BBCA	22,250	Sell on Strength	21,500	22,000	23,150	23,650
BMRI	6,950	Sell on Strength	6,525	6,775	7,375	7,675
INDF	6,950	Sell on Strength	6,675	6,900	7,250	7,450

Kiwoom Trader 12 April 2018

Bursa Eropa dan Amerika turun setelah mengalami teknikal rebound dalam beberapa hari sebelumnya. Dow Jones turun 0.9% ditutup pada level 24,189.4 dipicu pernyataan Presiden Amerika terhadap Rusia atas situasi yang terjadi di Syria. Bursa regional bergerak mendatar pagi ini. IHSG ditutup menguat kemarin namun candlestick membentuk pola inverted hammer dengan upside gap sehingga berpotensi memicu koreksi hari ini. Kami memperkirakan IHSG bergerak mixed cenderung menurun hari ini dibayangi aksi profit taking investor.

Stock	Closing	Rec.	S2	S1	R1	R2
ACES	1,390	Sell On Strength	1,275	1,330	1,410	1,500
AKRA	5,825	Sell On Strength	5,450	5,675	6,000	6,200
RALS	1,420	Sell On Strength	1,270	1,350	1,500	1,550
SCMA	2,820	Sell On Strength	2.520	2,620	2,880	2,980

 

Daily Research 12 April 2018

S2	S1	IDX	R1	R2
6,210.7	6,292.3	6,360.9	6,410.7	6,500.8

• Dow Jones closed 0.9% lower at 24,189.4 after US President tweet for Russians on their stance for Syria.
• Regional market traded sideways this morning due to lack of positive catalysts.
• IDX traded higher but its candlestick formed inverted hammer pattern with upside gap, which may lead to a technical correction today.
• We expect IDX to trade mixed with negative tendency today as investors tend to realize profits.

ACES	Sell on Strength
S2	S1	Level	R1	R2
1,275	1,330	1,390	1,410	1,500

ACES edged higher but with a position near its recent high possibly trimming a further upside potential

AKRA	Sell on Strength
S2	S1	Level	R1	R2
5,450	5,675	5,825	6,000	6,200

AKRA still moved up but with a close horizontal resistance that could limit gain

RALS	Sell on Strength
S2	S1	Level	R1	R2
1,270	1,350	1,420	1,500	1,550

RALS closed the session higher near its recent high with a thin volume and overbought RSI trend that could limit the upside turn

SCMA	Sell on Strength
S2	S1	Level	R1	R2
2,520	2,620	2,820	2,880	2,980

SCMA closed the session higher with long white candle and a thin volume also a presence of several resistance level that could limit the upside turn

Daily Research 06 April 2018

S2	S1	IDX	R1	R2
5,952.1	6,054.6	6,183.2	6,292.3	6,386.2

• Dow Jones closed 1% higher at 24,505 as tech stocks rebound.
• Regional market traded mixed with negative tendency after US President ordered US trade officials to consider US$ 100 Billion extra tariffs on Chinese imports.
• IDX’s candlestick formed bearish harami pattern which may trigger another correction today.
• As EIDO closed 1.5% on US sessions may pressure IDX at the open, we expect IDX to trade negative today.

ACES	Buy on Weakness
S2	S1	Level	R1	R2
1,260	1,300	1,330	1,380	1,410

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

PTPP	Sell on Strength
S2	S1	Level	R1	R2
2,610	2,670	2,760	2,820	2,900

PTPP ended the trading higher but with close near its diagonal resistance that could limit upswing.

TLKM	Hold
S2	S1	Level	R1	R2
3,560	3,630	3,680	3,720	3,820

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

WSBP	Trading Buy
S2	S1	Level	R1	R2
400	420	446	460	476

WSBP closed the session higher with long white candle pattern and followed by higher volume indicating another upsdie potential.

Kiwoom Trader 06 April 2018

Bursa Eropa dan Amerika diperdagangkan positif. Dow Jones naik 1% pada level 24,505 seiring kenaikan saham sektor teknologi. Bursa regional diperdagangkan mixed dengan kecenderungan negatif pagi ini dipicu pernyataan Presiden Amerika yang memerintahkan Departemen Perdagangan untuk mempertimbangkan tambahan tarif senilai US$ 100 Miliar atas produk impor dari China. Candlestick IHSG membentuk pola bearish harami kemarin sehingga berpotensi mengalami koreksi. Penurunan EIDO sebesar 1.5% berpotensi menekan IHSG hari ini dimana kami memperkirakan IHSG bergerak cenderung negatif akhir pekan ini.

Stock	Closing	Rec.	S2	S1	R1	R2
ACES	1,330	Buy on Weakness	1,260	1,300	1,380	1,410
PTPP	2,760	Sell on strength	2,610	2,670	2,820	2,900
TLKM	3,680	Hold	3,560	3,630	3,720	3,820
WSBP	446	Trading Buy	400	420	460	476

 

Kiwoom Trader 09 February 2018

Bursa Eropa dan Amerika kembali turun dipicu kekuatiran pasar atas potensi kenaikan suku bunga. Yield obligasi Pemerintah Amerika kembali naik, ditutup pada level 2.83%, dipicu data tenaga kerja yang baik. Dow Jones turun 4.2% ditutup pada level 23,860 dengan EIDO turun 3.5% pada level 27.9. Sentimen negatif menyebar ke bursa regional pagi ini dimana Nikkei225 turun 3.4%, Kospi turun 2.2%, dan AORD turun 1.6%. Tekanan jual investor asing serta sentimen negatif bursa global diperkirakan kembali menekan IHSG hari ini. Kami memperkirakan IHSG bergerak menurun hari ini.

Stock	Closing	Rec.	S2	S1	R1	R2
ACES	1,295	Sell on Strength	1,190	1,250	1,330	1,410
BKSL	194	Trading Buy	159	171	200	205
DOID	1,160	Speculative Buy	975	1,050	1,170	1,250
WSBP	468	Trading Buy	426	448	486	510

*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 09 February 2018

S2	S1	IDX	R1	R2
6,375.0	6,478.5	6,544.6	6,589.7	6,666.8

• European and American market closed sharply lower as investors concerns interest rates will go up.
• Dow Jones closed 4.2% lower at 23,860 while EIDO closed 3.5% lower at 27.9.
• Negative sentiments spread to regional markets this morning with Nikkei225 lead decline with 3.4% loss followed by Kospi which down by 2.2% and AORD which down by 1.6%.
• Selling pressure from foreign investors, backed by negative sentiments from global markets, will add pressure to IDX today as we expect IDX to trade lower today.
  

  ACES	Sell on Strength
  S2	S1	Level	R1	R2
  1,190	1,250	1,295	1,330	1,410

  ACES closed the session lower with a bearish engulfing formation with a high enough volume suggesting a further downturn.

  BKSL	Trading Buy
  S2	S1	Level	R1	R2
  159	171	194	200	205

  BKSL closed the session higher with long white candle pattern and followed by higher volume indicating another upside potential.

  DOID	Speculative Buy
  S2	S1	Level	R1	R2
  975	1,050	1,160	1,170	1,250

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

  WSBP	Trading Buy
  S2	S1	Level	R1	R2
  426	448	468	486	510

  WSBP managed a rebound followed by a bullish engulfing pattern suggesting another favorable potential.

Daily Research 24 January 2018

S2	S1	IDX	R1	R2
6,444.4	6,538.0	6,635.3	6,650.4	6,675.0

• Dow Jones closed 3.8 point lower at 26,210.8 cannot send positive sentiments to regional market which opened flat this morning.
• As US Dollar Index down Rupiah appreciate and traded around IDR 13,320 per US$ this morning.
• Tendency of weak US Dollar support crude oil price which also backed by higher compliance among OPEC members in controlling output.
• IDX booked another record high level backed by net purchase by foreign investors during pre-closing session yesterday.
• We expect IDX traded mixed with negative tendency as investors tend to lock profits.

ACES	Trading buy
S2	S1	Level	R1	R2
1,150	1,215	1,260	1,315	1,410

ACES moved higher with bullish engulfing formation in which could lead to another favorable opportunity.

ASII	Speculative Buy
S2	S1	Level	R1	R2
8,000	8,250	8,525	8,725	8,950

ASII ended the session higher with a long white candle  formation and a high enough volume indicating a further favorable opportunity

JPFA	Buy on weakness
S2	S1	Level	R1	R2
1,260	1,340	1,400	1,460	1,555

JPFA closed the session down at its horizontal support  with a thin volume that could potentially dampen the downswing.

TLKM	Buy on Weakness
S2	S1	Level	R1	R2
3,910	4,035	4,090	4,190	4,320

TLKM moved lower during the las several days but  with presence 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.

Kiwoom Trader 24 January 2018

Kendati pasar Eropa bergerak mixed dengan kecenderungan positif, Dow Jones ditutup turun 3.8 poin pada level 26,210.8. US Dollar Index kembali menurun, mendorong apresiasi Rupiah pagi ini yang dibuka pada kisaran IDR 13,320 per US$. Kecenderungan pelemahan US Dollar turut menopang kenaikan harga minyak dunia selain didukung pula oleh kepatuhan negara anggota OPEC dalam mengendalikan produksi. Bursa regional diperdagangkan relatif mendatar pagi ini. IHSG membukukan rekor tertinggi baru didukung aksi beli investor asing pada akhir sesi perdagangan kemarin. Kami memperkirakan IHSG bergerak mixed dengan kecenderungan menurun hari ini dibayangi aksi profit taking investor.

Stock	Closing	Rec.	S2	S1	R1	R2
ACES	1,260	Trading Buy	1,150	1,215	1,315	1,410
ASII	8,525	Speculative buy	8,000	825	8,725	8,950
JPFA	1,400	Buy on Weakness	1,260	1,340	1,460	1,555
TLKM	4,090	Buy on Weakness	3,910	4,035	4,190	4,320

*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,