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,

Kiwoom Trader 13 July 2017

 

Dow Jones naik 0.57% ditutup pada level tertinggi baru 21,532.14 setelah pasar mendengarkan penjelasan Janet Yellen terkait kebijakan moneter serta target inflasi Amerika. Bursa regional diperdagangkan positif pagi ini mengikuti sentimen positif Dow. EIDO naik 2.1% ditutup pada level 27.36 diharapkan dapat menopang awal perdagangan bursa pagi ini. IHSG rebound kemarin setelah mendekati garis diagonal support kuat. IHSG berpotensi naik menguji level tertinggi sebelumya pada level 5,910. Kami memperkirakan IHSG bergerak positif hari ini.

Stock Closing Rec. S2 S1 R1 R2
ADRO 1,665 Trading Buy 1,500 1,565 1,700 1,750
BBNI 7,000 Sell on Strength 6,575 6,775 7,200 7,400
CTRA 1,235 Sell on Strength 1,115 1,185 1,245 1,300
PTBA 12,500 Trading Buy 11,500 12,050 12,975 13,850

*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,

Kiwoom Trader 06 June 2017

Dow Jones turun 2.2 poin ditutup pada level 21,184. Bursa kawasan regional diperdagangkan cenderung menurun pagi ini seiring minimnya sentimen penggerak pasar ditengah isu ancaman terorisme global. Harga minyak menurun kendati negara-negara produsen minyak Timur Tengah memutuskan hubungan dengan Qatar. Candlestick IHSG membentuk pola doji kemarin. Dengan open gap naik pada candlestick kemarin, IHSG rentan mengalami koreksi hari ini. Kami memperkirakan IHSG bergerak cenderung menurun hari ini.

Stock Closing Rec. S2 S1 R1 R2
ADRO 1,545 Trading Buy 1,405 1,470 1,630 1,720
AISA 2,000 Sell on Strength 1,870 1,950 2,150 2,230
EXCL 3,210 Sell on Strength 2,930 3,080 3,280 3,480
MIKA 1,950 Hold 1,850 1,900 2,110 2,200

*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 24 May 2017

S2 S1 IDX R1 R2
5,643.5 5,697.1   5,730.6 5,791.8 5,837.2
  • Dow Jones closed 0.2% higher at 20,937.9 level ahead of FOMC meeting minute release.
  • Regional bourses traded positive this morning. Oil price steady at US$ 51 per barrel ahead of OPEC meeting.
  • Technical correction pushed IDX lower as investors lock their profits. IDX look intact with its strong uptrend channel. EIDO closed 0.77% lower at 27 levels on Tuesday.
  • We expect IDX to trade mixed with positive tendency today.
ADRO

Trading Buy

S2 S1 Level R1 R2
1,305 1,410 1,475 1,535 1,625

ADRO managed to moved up in a thin range with bullish harami formation suggesting a further upside opportunity.

AKRA

Sell on Strength

S2 S1 Level R1 R2
6,050 6,200 6,350 6,575 6,700

AKRA ended the trading negatively with a bearish engulfing pattern and break to its diagonal support with high enough volume may trigger price correction.

BMRI

Buy on Weakness

S2 S1 Level R1 R2
11,525 11,975 12,250 12,525 13,275

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

INDF

Sell on Strength

S2 S1 Level R1 R2
8,300 8,525 8,800 8,900 9,150

INDF closed the session higher in its diagonal resistance without volume and overbought RSI trend that could limit the upswing.

* 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 May 2017

Dow Jones naik 0.2% ditutup pada level 20,937.6 menjelang rilis notulen rapat FOMC. Bursa regional pagi ini diperdagangkan positif. EIDO turun 0.77% ditutup pada level 27 hari Selasa. Harga minyak stabil pada kisaran US$ 51 per barrel menjelang pertemuan OPEC untuk membahas kesepakatan perpanjangan pembatasan produksi hingga Maret 2018. IHSG kembali mengalami tekanan jual seiring aksi profit taking investor namun masih dalam tren naik yang cukup kuat. Kami memperkirakan IHSG bergerak mixed cenderung positif atas potensi teknikal rebound serta dukungan sentimen positif bursa regional pagi ini.

Stock Closing Rec. S2 S1 R1 R2
ADRO 1,475 Trading Buy 1,305 1,410 1,535 1,625
AKRA 6,350 Sell on Strength 6,050 6,200 6,575 6,700
BMRI 12,250 Buy on Weakness 11,525 11,975 12,525 13,275
INDF 8,800 Sell on Strength 8,300 8,525 8,900 9,150

*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 04 May 2017

S2 S1 IDX R1 R2
5,577.5 5,627.9   5,647.4 5,703.87 5,750
  • Dow Jones closed 8 point higher at 20,957.9 levels after the Fed decided to leave interest rate unchanged.
  • Metal prices closed lower after release of China’s manufacturing data which came out lower than expected.
  • IDX traded lower to test its support levels.
  • We expect IDX to trade lower today.
ADRO

Speculative Buy

S2 S1 Level R1 R2
1,530 1,600 1,630 1,750 1,820

ADRO closed the session lower near its diagonal support with a thin volume and oversold RSI trend suggesting a limited downside potential.

BNGA

Sell on strength

S2 S1 Level R1 R2
1,155 1,215 1,270 1,315 1,365

BNGA closed the session lower with a bearish engulfing formation and a high enough volume suggesting a further down.

ITMG

Sell on Strength

S2 S1 Level R1 R2
16,150 17,075 18,050 19,100 20,075

ITMG ended the trading weaker with a high enough volume suggesting another downside potential.

TINS

Speculative Buy

S2 S1 Level R1 R2
805 860 900 945 995

TINS ended the trading ne g a tively near its diagonal support without volume and near oversold RSI trend that could dampen a further 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.