Daily Research 21 July 2017

S2 S1 IDX R1 R2
5,702.9 5,769.6   5,825.2 5,865.4 5,910.2
  • Dow Jones closed 0.13% lower at 21,611.78 levels as the market doubt Trump’s administration’s ability to implement pro-growth proposals.
  • Regional bourses traded lower this morning after Mario Draghi’s comment during ECB meeting sessions which indicates that talks about current monetary policy changes (taper) should start this fall.
  • IDX traded higher yesterday but still near its strong diagonal support line.
  • We expect IDX to trade sideways today as foreign investors keep book net sell on Indonesian equities.
ADHI

Trading Buy

S2 S1 Level R1 R2
1,895 2,000 2,180 2,250 2,330

ADHI ended the trading positively with a long white candle pattern also supported by a high volume indicating another upside potential.

ADRO

Sell on Strength

S2 S1 Level R1 R2
1,600 1,700 1,820 1,840 1,930

ADRO closed the session higher with high volume but a presence of its several level resistance and near its overbought RSI trend that could limit the upside turn.

CTRA

Buy on Weakness

S2 S1 Level R1 R2
1,030 1,090 1,135 1,185 1,250

CTRA was on the weak side during the last 6 days but with the presence of its diagonal support in which expectedly could trim the downswing.

ITMG

Sell on Strength

S2 S1 Level R1 R2
19,200 20,450 21,600 22,200 23,500

ITMG was in the positive side with a long white candle. But so, a position near its recent high would have the chance to dampen the gaining 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 21 July 2017

Dow Jones turun 0.13% ditutup pada level 21,611.78 dibayangi keraguan pasar atas kepemimpinan Presiden untuk kemajuan ekonomi. Konsul khusus Amerika akan segera memulai pemeriksaan terkait kebijakan bisnis pribadi Donald Trump dan keluarganya. Bursa regional diperdagangkan cenderung turun pagi ini setelah pasar mendengar komentar Draghi dalam rapat ECB yang mengisyaratkan kajian atas perubahan kebijakan QE (taper) dilakukan pada musim gugur akhir tahun ini. IHSG sedikit naik namun masih berada dekat dengan garis diagonal support kuat. Potensi penguatan IHSG masih dibayangi aksi jual investor asing. Kami memperkirakan IHSG bergerak cenderung mendatar hari ini.

Stock Closing Rec. S2 S1 R1 R2
ADHI 2,180 Trading Buy 1,895 2,000 2,250 2,330
ADRO 1,820 Sell on Strength 1,600 1,700 1,840 1,930
CTRA 1,135 Buy on Weakness 1,030 1,090 1,185 1,250
ITMG 21,600 Sell on Strength 19,200 20,450 22,200 23,500

*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 12 June 2017

 

S2 S1 IDX R1 R2
5,590.5 5,643.5   5,675.5 5,770.6 5,837.2
  • Dow Jones closed 89.4 point higher at all-time high 21,271.97 levels as market digests former FBI Director’s testimony with the Senate.
  • EIDO closed 1.2% lower at 26.66 last Friday.
  • IDX closed below strong diagonal support line, which also breaks below its recent low level, as foreign investors realized profits.
  • We expect IDX to trade in negative territory today.
BBCA

Buy on Weakness

S2 S1 Level R1 R2
16,550 17,075 17,700 18,500 19,000

 

BBCA closed the session lower near diagonal support with a thin volume that could dampen a further downside movement.

PGAS

Buy on Weakness

S2 S1 Level R1 R2
2,200 2,290 2,340 2,430 2,540

 

PGAS still carried on the downside turn but only with a thin volume so that any further downturn maybe in a limited range.

SMGR

Trading Buy

S2 S1 Level R1 R2
8,600 8,900 9,375 9,575 9,825

 

SMGR ended the trading positively followed with a high volume indicating another upside potential.

UNVR

Sell on Strength

S2 S1 Level R1 R2
44,900 46,175 47,550 48,000 50,025

UNVR edged higher nearing its horizontal resistance on Friday in which suggesting that another upside movement maybe in a limited range.

* 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 09 June 2017

 

S2 S1 IDX R1 R2
5,590.5 5,643.5   5,702.9 5,770.6 5,837.2
  • Dow Jones closed 8.8 point higher at 21,182.5 levels after Senate hearing session with former FBI Director.
  • Exit polls on UK election suggest PM Theresa May win majority at the Parliament but with less seat than previously. ECB meeting decided to leave its benchmark rate unchanged.
  • IDX closed near recent low at 5,693 levels. A break below the level may trigger further correction.
  • We expect IDX to trade in negative territory today.
ADHI

Speculative Buy

S2 S1 Level R1 R2
2,030 2,120 2,170 2,250 2,330

ADHI closed the session lower near diagonal support with a thin volume that could dampen a further downside movement.

CPIN

Buy on Weakness

S2 S1 Level R1 R2
2,970 3,050 3,070 3,200 3,300

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

INDF

Sell on Strength

S2 S1 Level R1 R2
7,950 8,300 8,600 8,925 9,200

INDF was on the negative side with a formation a bearish engulfing yesterday indicating another downside movement.

ITMG

Sell on Strength

S2 S1 Level R1 R2
15,800 16,700 17,450 17,950 19,200

ITMG still moved in the positive side but with the presences of several resistance that could slow down the upside opportunity.

* 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 09 June 2017

Dow Jones naik 8.8 poin ditutup pada level 21,182.5 setelah Senat melakukan dengar pendapat dengan mantan Direktur FBI yang dipecat Presiden beberapa waktu lalu. Hasil hitung cepat Pemilu Inggris mengindikasikan PM Theresa May mendapatkan mayoritas suara di Parlemen, namun dengan jumlah kursi yang lebih sedikit dari sebelumnya. Rapat ECB memutuskan untuk tidak mengubah suku bunga acuan. Harga minyak dunia kembali turun ke level US$ 45.5 per barrel. IHSG ditutup turun sedikit dibawah garis diagonal support kuat, dekat dengan level terendah sebelumnya pada 5,693. Penembusan ke bawah level tersebut berpotensi memicu koreksi lanjutan. Kami memperkirakan IHSG bergerak cenderung negatif hari ini.

Stock Closing Rec. S2 S1 R1 R2
ADHI 2,170 Speculative Buy 2,030 2,120 2,250 2,330
CPIN 3,070 Buy on Weakness 2,970 3,050 3,200 3,300
INDF 8,600 Sell on Strength 7,950 8,300 8,925 9,200
ITMG 17,450 Sell on Strength 15,800 16,700 17,950 19,200

*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 19 May 2017

S2 S1 IDX R1 R2
5,577 5,615   5,645.4 5,688 5,725
  • Dow Jones closed 55.1 point higher at 20,663 levels while EIDO increased 0.58% at 25.99 levels.
  • Regional bourses traded mixed with negative tendency this morning.
  • Technical rebound pushed IDX higher yesterday, however its upside potentials may be limited as it traded below short term diagonal support line.
  • We expect IDX to trade mixed with positive tendency today.
ADHI

Hold

S2 S1 Level R1 R2
2,130 2,160 2,180 2,210 2,250

ADHI traded sideways near recent low level. A break below S1 may trigger further price correction however a break above short term diagonal resistance line may trigger technical rebound.

INDF

Hold

S2 S1 Level R1 R2
8,225 8,375 8,450 8,475 8,575

INDF traded sideways near recent high level with increasing trading volume. A break above R1 may send INDF higher to test resistance levels.

TLKM

Sell on Strength

S2 S1 Level R1 R2
4,110 4,270 4,310 4,340 4,420

TLKM closed below recent low which now acted as its first resistance (R1) level. Further correction may happen if it fail to break above R1 level.

WSKT

Hold

S2 S1 Level R1 R2
2,120 2,180 2,230 2,300 2,330

WSKT closed at recent low on a downtrend channel. A break below current level may trigger deeper correction. WSKT may get technical rebound if it break above R1 level.

* 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 19 May 2017

Dow Jones  naik 55.1 poin ditutup pada level 20,663 setelah mengalami koreksi yang cukup dalam hari Kamis. Bursa kawasan Asia diperdagangkan mixed dengan kecenderungan negatif pagi ini. EIDO naik 0.58% ditutup pada level 25.99. IHSG berhasil rebound dengan dukungan aksi beli investor asing kemarin. Namun demikian pergerakan IHSG cukup terbatas karena telah menembus ke bawah garis diagonal support. Kami memperkirakan IHSG bergerak mixed cenderung positif hari ini.

Stock Closing Rec. S2 S1 R1 R2
ADHI 2,180 Hold 2,130 2,160 2,210 2,250
INDF 8,450 Hold 8,225 8,375 8,475 8,575
TLKM 4,310 Sell on Strength 4,110 4,270 4,340 4,420
WSKT 2,230 Hold 2,120 2,180 2,300 2,330

*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,