Daily Research 26 Juni 2018

S2	S1	IDX	R1	R2
5,664.5	5,780.9	5,859.1	5,946.5	6,068.3

• European market traded sharply lower with DAX down 2.5%, FTSE down 2.2%, and CAC down 1.9% on fear of global trade war.
• Dow Jones down 1.3% at 24,252.8 as China and Europe plan working group to revamp WTO and counter US protectionism.
• Regional market traded lower with Nikkei down 1%, Kospi down 0.8%, and AORD down 0.7%.
• IDX on a technical rebound on speculative buy ahead of potential window dressing action at the end of the month although foreign investors keep selling Indonesian equities.
• In all we expect IDX to trade lower as investor tend to wait and see result of 27 June regional election.

AKRA	Trading Buy
S2	S1	Level	R1	R2
3,700	4,000	4,280	4,510	4,800

AKRA closed the trading higher with a strong volume after on a weak trend in the last 8 days creating a technical rebound.

ERAA	Sell on Strength
S2	S1	Level	R1	R2
2,350	2,600	2,850	3,070	3,150

ERAA was in the negative side with a dark cloud cover formation indicating another downside potential.

GGRM	Trading Buy
S2	S1	Level	R1	R
65,000	68,125	71,750	74,500	77,500

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

TINS	Buy on Weakness
S2	S1	Level	R1	R2
775	835	860	930	985

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

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Kiwoom Trader 26 Juni 2018

Bursa Eropa mengalami koreksi dalam dengan DAX turun 2.5%, FTSE turun 2.2%, dan CAC turun 1.9% seiring kekuatiran perang dagang. Dow Jones turun 1.3% pada level 24,252.8 seiring langkah China dan Eropa yang akan berkolaborasi menentang kebijakan proteksionis yang diterapkan Amerika. Bursa kawasan regional diperdagangkan turun dengan Nikkei turun 1%, Kospi turun 0.8%, dan AORD turun 0.7%. IHSG mengalami teknikal rebound seiring aksi beli menjelang window dressing akhir bulan namun masih dibayangi aksi jual investor asing. Kami memperkirakan IHSG bergerak cenderung menurun hari ini seiring aksi investor menunggu hasil Pilkada 27 Juni.

Stock	Closing	Rec.	S2	S1	R1	R2
AKRA	4,280	Trading Buy	3,700	4,000	4,510	4,800
ERAA	2,850	Sell On Strenghth	2,350	2,600	3,070	3,150
GGRM	71,750	Trading Buy	65,000	68,125	74,500	77,500
TINS	860	Buy On Weakness	775	835	930	985

Daily Research 4 Juni 2018

S2	S1	IDX	R1	R2

• Dow Jones gained 1.% managed to close at 24,668 backed by increase in Boeing, Chevron, and Home Depot shares.
• Regional market traded positive this morning following strong lead from European and US markets with AORD gained 0.6%, Kospi up by 0.5%, and Nikkei225 up by 0.4%.
• IDX on a profit taking session with its candlestick formed inverted hammer and bearish harami pattern which indicates another correction today.
• Although supported by strong regional market, however we expect IDX to trade mixed today ahead of long weekend holiday.

AKRA	Trading Buy
S2	S1	Level	R1	R2
4,250	4,510	4,920	5,200	5,575

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

BMRI	Sell On Strength
S2	S1	Level	R1	R2
6,750	6,950	7,050	7,550	7,725

BMRI ended the trading negatively with bearish engulfing pattern after failed to break above diagonal resistance indicating a further downturn.

ICBP	Trading Buy
S2	S1	Level	R1	R
8,300	8,425	8,700	8,825	9,000

ICBP closed the session higher and break above horizontal resistance with high enough volume indicating another upside potential.

UNTR	Sell On Stength
S2	S1	Level	R1	R2
33,050	34,000	35,050	38,125	39,200

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

Kiwoom Trader 4 Juni 2018

Bursa Eropa ditutup naik akhir pekan lalu seiring meredanya kekuatiran atas Italia dan Spanyol. Dow Jones naik 0.9% ditutup pada level 24,635 didukung data ketenagakerjaan yang lebih baik dari perkiraan. Tingkat pengangguran Amerika turun ke level 3.8%, level terendah sejak tahun 2000. Bursa regional diperdagangkan positif pagi ini dengan Nikkei naik 1%, AORD naik 0.6%, dan Kospi naik 0.2%. IHSG turun hari Kamis lalu seiring aksi profit taking investor setelah mengalami teknikal rebound dan menjelang libur akhir pekan. Kami memperkirakan IHSG bergerak mixed hari ini karena potensi rebound dibatasi sentimen negatif potensi perang dagang Amerika terhadap China dan Eropa serta adanya potensi kenaikan Fed Fund Rate (FFR) dalam rapat FOMC bulan Juni atas data tenaga kerja yang baik.

Stock	Closing	Rec.	S2	S1	R1	R2
AKRA	4,920	Trading Buy	4,250	4,510	5,200	5,575
BMRI	7,050	Sell on Strength	6,750	6,950	7,550	7,725
ICBP	8,700	Trading Buy	8,300	8,425	8,825	9,000
UNTR	35,050	Sell on Strength	33,050	34,000	38,125	39,200

Daily Research 7 Mei 2018

S2	S1	IDX	R1	R2
5,647.4	5,749.3	5,792.3	5,915.7	6,034.4

• Dow Jones closed 1.4% higher at 24,262 as Apple stock send positive sentiments for tech sector.
• Regional market traded flat this morning due to lack of positive catalyst.
• IDX closed on oversold territory which open possibility for a technical rebound.
• We expect IDX to trade sideways today as technical rebound optimism clouded by weak currency.

AKRA	Sell on Strength
S2	S1	Level	R1	R2
4,200	4,400	4,510	4,860	5,200

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

BMRI	Speculative Buy
S2	S1	Level	R1	R2
6,225	6,520	6,625	6,925	7,150

BMRI closed below its recent low with a thin volume and a presence of its several support levels that could dampen a further downside movement.

GGRM	Sell on Strength
S2	S1	Level	R1	R2
63,125	64,775	67,200	69,325	71,100

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

GJTL	Sell on Strength
S2	S1	Level	R1	R2
750	810	855	890	950

GJTL closed the session higher near its resistance with a thin volume that could limit the upswing.

Kiwoom Trader 7 Mei 2018

Bursa Eropa dan Amerika ditutup positif akhir pekan lalu dengan Dow Jones naik 1.4% pada level 24,262 seiring kenaikan saham Apple yang memicu kenaikan saham sektor teknologi. Bursa regional diperdagangkan mendatar pagi ini. IHSG ditutup dalam teritori oversold sehingga berpotensi mengalami teknikal rebound. Kami memperkirakan IHSG bergerak mixed hari ini karena optimisme teknikal rebound masih dibayangi depresiasi Rupiah.

Stock	Closing	Rec.	S2	S1	R1	R2
AKRA	4,510	Sell On    Strength	4,200	4,400	4,860	5,200
BMRI	6,625	Speculative    Buy	6,225	6,520	6,925	7,150
GGRM	67,200	Sell On    Strength	63,125	64,775	69,325	71,100
GJTL	855	Sell On    Strength	750	810	890	950

Daily Research 30 April 2018

S2	S1	IDX	R1	R2
5,749.2	5,840.9	5,840.9	6,134.0	6,246.1

• Dow Jones closed 11 point lower at 24,311 due to lack of new positive catalysts. US 10-year Treasury yield closed around 2.96% ahead of 1-2 May FOMC meeting.
• Regional market traded flat with positive tendency this morning while Japanese market closed on Showa Day.
• IDX closed on oversold territory last Friday which may get technical rebound today.
• We expect IDX to trade mixed with positive tendency as selloffs creates buying opportunities.

AKRA	Hold
S2	S1	Level	R1	R2
4,550	4,800	4,860	5,450	5,800

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

BMRI	Speculative Buy
S2	S1	Level	R1	R2
6,525	6,775	6,925	7,150	7,350

BMRI closed the session higher with bullish harami pattern and with higher volume indicating another upside potential.

EXCL	Sell on Strength
S2	S1	Level	R1	R2
1,950	2,040	2,160	2,370	2,520

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

ITMG	Hold
S2	S1	Level	R1	R2
21,075	22,500	23,600	25,500	26,850

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