Daily Research 2 July 2018

S2 S1 IDX R1 R2
5,577.5 5,577.5 5,799.2 5,833.6 5,946.5
  • European and American market traded mixed last Friday with Dow Jones up only 0.1% at 24,283.1 as Nike shares rebound.
  • Crude oil price closed at high levels expected to support energy shares today.
  • Regional market traded mixed this morning.
  • IDX had technical rebound last Friday after BI lift benchmark rate by 50 basis points which followed by Rupiah appreciation. EIDO gained 2.9% last Friday and closed at 22.97.
  • We expect IDX to trade positive today as investor’s confidence rise.
ADRO

Speculative Buy

S2 S1 Level R1 R2
1,550 1,640 1,790 1,835 1,930

ADRO closed the session higher with long white candle pattern after on a weak trend in the last 5 days creating a technical rebound.

BBCA

Trading Buy

S2 S1 Level R1 R2
20,200 20,600 21,475 21,750 22,100

BBCA closed the session higher with bullish engulfing pattern and followed by high enough volume indicating another upside potential.

BBTN

Trading Buy

S2 S1 Level R1 R
2,200 2,370 2,450 2,550 2,700

BBTN moved higher after taking deep pressure in the last several days with a bullish harami pattern suggesting a rebound momentum.

UNVR

Trading Buy

S2 S1 Level R1 R2
43,450 44,450 46,100 47,100 48,245

UNVR managed an upside turn with a long white candle pattern and a high volume suggesting another favorable.

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Kiwoom Trader 2 July 2018

Bursa kawasan Eropa dan Amerika diperdagangkan mixed akhir pekan lalu. Dow Jones naik 0.1% pada level 24,283.1 didukung kenaikan saham Nike. EIDO naik 2.9% hari Jumat pada level 22.97. Harga minyak dunia bertahan pada level yang cukup tinggi berpotensi menopang saham sektor pertambangan energi. Bursa kawasan regional diperdagangkan mixed pagi ini. IHSG berhasil rebound kemarin dipicu berita BI menaikkan tingkat bunga acuan 50 basis poin yang turut menopang apresiasi kurs Rupiah. Kami memperkirakan IHSG bergerak positif hari ini seiring pulihnya kepercayaan investor atas BI.

Stock Closing Rec. S2 S1 R1 R2
ADRO 1,790 Speculative Buy 1,550 1,640 1,835 1,930
BBCA 21,475 Trading Buy 20,200 20,600 21,750 22,100
BBTN 2,450 Trading Buy 2,200 2,370 2,550 2,700
UNVR 46,100 Trading Buy 43,450 44,450 47,100 48,245

 

Daily Research 17 Mei 2018

S2 S1 IDX R1 R2
5,600.4 5,694.9 5,841.5 5,915.8 5,995.9
  • Dow Jones closed 0.25% higher at 24,769 backed by retail stocks.
  • Regional market traded mixed this morning.
  • IDX managed to close downside gap formed at the opening session yesterday. However potential rebound may be limited due to capital outflow which caused by concerns on rising treasury yield and Rupiah depreciation.
  • In all we expect IDX to trade mixed with positive tendency ahead of result of BI’s Board of Governor meeting result this afternoon as we expect the central bank to raise benchmark rate BI-7DRR by 25 basis points to 4.5%.
ADRO

Trading Buy

S2 S1 Level R1 R2
1,580 1,710 1,800 1,915 2,030

ADRO ended the session higher with a long white candle and a strong volume suggesting a favorable potential.

BBRI

Trading Buy

S2 S1 Level R1 R2
2,800 2,900 3,070 3,140 3,260

BBRI closed the session higher with hammer pattern followed higher volume indicating another upside potential.

TLKM

Trading Buy

S2 S1 Level R1 R2
3,150 3,250 3,480 3,520 3,660

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

UNVR

Buy on Weakness

S2 S1 Level R1 R2
43,500 44,550 45,750 47,100 49,450

UNVR remain in the weak side during a few days in a row, A weak potential would carry on its recent low and support are broken down.

Kiwoom Trader 17 Mei 2018

Bursa Eropa bergerak mixed dengan Dow Jones naik 0.25% pada level 24,769 didukung kenaikan saham sektor retail. seiring kenaikan tinngkat imbal hasil obligasi Pemerintah Amerika yang berada pada level 3.06% pagi ini. Bursa regional diperdagangkan mixed pagi ini. IHSG berhasil menutup gap turun yang terjadi pada sesi pembukaan namun masih dibayangi aksi jual investor asing serta kenaikan tingkat imbal hasil obligasi Pemerintah serta depresiasi Rupiah. Kami memperkirakan IHSG bergerak mixed cenderung positif menjelang keputusan RDG sore ini dimana kami memperkirakan BI menaikkan tingkat bunga acuan BI-7DRR sebesar 25 basis poin menjadi 4.5%.

Stock Closing Rec. S2 S1 R1 R2
ADRO 1,800 Sell on Strength 1,580 1,710 1,915 2,030
BBRI 3,070 Trading Buy 2,800 2,900 3,140 3,260
TLKM 3,480 Trading Buy 3,150 3,250 3,520 3,660
UNVR 45,750 Buy on Weakness 43,500 44,550 47,100 49,450

Daily Research 3 Mei 2018

S2 S1 IDX R1 R2
5,840.9 5,909.2 6,012.2 6,134.0 6,246.1
  • Dow Jones closed 0.7% lower at 23,925 due to concerns of higher interest rates as the Fed Governor said that inflation has neared 2% target. As highly anticipated previously, the Fed leave interest rate unchanged.
  • Regional market traded mixed this morning.
  • IDX traded higher yesterday while foreign investor keep selling Indonesian equities.
  • In all we expect IDX to trade mixed with negative tendency ahead of Friday’s job reports and Fed members speaks.
ADRO

Buy on Weakness

S2 S1 Level R1 R2
1,580 1,695 1,775 1,835 1,955

ADRO was on the weak side near its horizontal support that could possibly lead to a limited downside movement.

ASII

Trading Buy

S2 S1 Level R1 R2
7,000 7,200 7,375 7,550 7,750

ASII managed an upside turn with a long white candle pattern and a high volume suggesting another favorable potential.

DOID

Trading Buy

S2 S1 Level R1 R2
785 840 920 975 1,050

DOID closed the session higher with high enough volume and break above resistance after on a weak trend in the last 7 days creating a technical rebound.

WSKT

Hold

S2 S1 Level R1 R2
1,910 2,060 2,110 2,250 2,390

WSKT closed below its recent low. A further downside would remain possible if WSKT break its short term diagonal support may trigger price correction.

Kiwoom Trader 3 Mei 2018

Bursa Eropa diperdagangkan mixed namun Dow Jones ditutup turun 0.7% pada level 23,925. Seperti diperkirakan sebelumnya, The Fed tidak mengubah kebijakan suku bunga dalam rapat FOMC kali ini namun menyatakan inflasi diluar biaya pangan dan energi telah mendekati target 2%. Level inflasi sebesar 2% diyakini cukup untuk the Fed kembali menaikkan suku bunga dalam rapat berikutnya. Bursa regional diperdagangkan mixed pagi ini. IHSG diperdagangkan naik kemarin namun masih dibayangi aksi jual investor asing. Kami memperkirakan IHSG bergerak mixed cenderung menurun seiring kekuatiran pasar menjelang data tenaga kerja serta komentar anggota dewan Gubernur the Fed lainnya hari Jumat.

Stock Closing Rec. S2 S1 R1 R2
ADRO 1,775 Buy on Weakness 1,580 1,695 1,835 1,955
ASII 7,375 Trading Buy 7,000 7,200 7,550 7,750
DOID 920 Trading Buy 785 840 975 1,050
WSKT 2,110 Hold 1,910 2,060 2,250 2,390

 

Daily Research 27 April 2018

S2 S1 IDX R1 R2
5,749.2 5,840.9 5,909.2 6,134.0 6,246.1
  • Dow Jones closed 1% higher at 24,322 backed by tech stocks such as Facebook and AMD on better than expected 1Q 2018 earnings while US treasury yield stood around 3% ahead of 1-2 May FOMC meeting.
  • Regional market traded positive this morning as two Korean leader meets.
  • IDX dropped below 6,000 psychological levels which further confirm end of strong uptrend since late 2015.
  • We expect IDX to trade IHSG mixed with positive tendency today backed by positive regional market. IDX have a chance to get technical rebound today as sharp decline within the last 3 trading days creates buying opportunities.
ADRO

Buy On Weakness

S2 S1 Level R1 R2
1,800 1,915 1,995 2,130 2,230

ADRO moved down during the las several days but with the presences of several support in which could limit the downturn.

ANTM

Hold

S2 S1 Level R1 R2
775 805 830 865 900

ANTM closed below its recent low. A further downside would remain possible if ANTM break its diagonal support may trigger price correction.

BSDE

Sell on Strength

S2 S1 Level R1 R2
1,665 1,700 1,720 1,820 1,875

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

HMSP

Buy on Weakness

S2 S1 Level R1 R2
3,370 3,510 3,650 3,880 4,000

HMSP continued the weak turn with presence of several support that could slow down the current downswing.