Daily Research 20 June 2017

S2 S1 IDX R1 R2
5,590.5 5,668.7   5,723.6 5,837.2 5,900.0
  • Dow Jones closed 0.68% higher at fresh all-time high at 21,528.99 levels backed by technology sector.
  • Regional bourses traded relatively positive this
    morning.
  • IDX’s candlestick formed bullish harami near strong diagonal support line. IDX may get technical rebound to test all-time high at 5,792 levels.
  • We expect IDX to trade positive today backed by window dressing sentiments ahead of Lebaran holiday.
AKRA

Trading Buy

S2 S1 Level R1 R2
6,050 6,200 6,350 6,575 6,750

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

INDF

Speculative Buy

S2 S1 Level R1 R2
8,025 8,200 8,325 8,550 8,750

INDF closed the session lower near its diagonal support without volume that could dampen a further downside movement.

MIKA

Sell on Strength

S2 S1 Level R1 R2
1,850 1,950 2,050 2,180 2,280

MIKA moved in the negative side with a bearish engulfing pattern after increase a few days so that could lead to a further downturn.

WIKA

Speculative Buy

S2 S1 Level R1 R2
2,000 2,180 2,200 2,280 2,380

WIKA closed the session down near its horizontal support with a low volume suggesting a limited downside potential.

* 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 20 June 2017

Dow Jones naik 0.68% ditutup pada level tertinggi baru 21,528.99 didukung sektor teknologi. Bursa kawasan regional diperdagangkan cenderung positif pagi ini. Candlestick IHSG membentuk pola bullish harami dekat dengan garis diagonal support kuat. IHSG berpotensi rebound menguji level tertinggi sebelumnya pada 5,792. Potensi window dressing diharapkan dapat menopang IHSG menjelang libur Lebaran.

Stock Closing Rec. S2 S1 R1 R2
AKRA 6,350 Trading Buy 6,050 6,200 6,575 6,750
INDF 8,325 Speculative Buy 8,025 8,200 8,550 8,750
MIKA 2,050 Sell on Strength 1,850 1,950 2,180 2,280
WIKA 2,200 Speculative Buy 2,000 2,180 2,280 2,380

*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 02 June 2017

S2 S1 IDX R1 R2
5,590.5 5,643.5   5,738.2 5,770.6 5,837.2
  • Dow Jones closed 0.65 % higher and closed at alltime high at 21,144.2 levels.
  • Regional bourses traded positive backed by positive sentiment from US market.
  • IDX closed at its strong diagonal resistance line. A break above the line may push IDX higher to test its resistance level and challenge its recent all-time high level.
  • We expect IDX to trade mixed with positive tendency today.
AKRA

Trading Buy

S2 S1 Level R1 R2
6,050 6,200 6,625 6,750 6,900

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

BBCA

Sell on Strength

S2 S1 Level R1 R2
16,000 16,700 17,150 17,775 18,250

BBCA took a negative turn with a high volume, a long black candle suggesting a further down.

KRAS

Trading Buy

S2 S1 Level R1 R2
442 500 640 670 715

KRAS closed the session higher above its short term diagonal resistance with high enough volume indicating another upside potential.

LPPF

Trading Buy

S2 S1 Level R1 R2
13,300 14,250 14,600 15,900 17,100

LPPF moved quite positively supported by an increasing volume in which could challenge its next resistance.

* 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 02 June 2017

Dow Jones naik 0.65 % ditutup pada level tertinggi baru pada 21,144.2. EIDO naik 1.28% pada level 26.9. Bursa kawasan regional diperdagangkan positif pagi ini. IHSG ditutup tepat pada garis diagonal resisten kuat. Penembusan ke atas garis resisten tersebut berpotensi mendorong IHSG naik menguji level tertinggi sebelumnya. Kami memperkirakan IHSG bergerak mixed dengan kecenderungan positif hari ini.

Stock Closing Rec. S2 S1 R1 R2
AKRA 6,625 Trading Buy 6,050 6,200 6,750 6,900
BBCA 17,150 Sell on Strength 16,000 16,700 17,775 18,250
KRAS 640 Trading Buy 442 500 670 715
LPPF 14,600 Trading Buy 13,300 14,250 15,900 17,100

*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 05 May 2017

S2 S1 IDX R1 R2
5,577.5 5,627.9   5,669.4 5,703.87 5,750
  • Dow Jones closed 6.4 point higher at 20,951.4 although dragged by energy stocks.
  • Crude oil price traded below US$ 46 per barrel levels, may send negative sentiments to emerging markets while investors wait for the release of 1Q 2017 GDP figures from BPS this morning.
  • Backed by strong foreign inflows, IDX’s candlestick formed bullish harami formation, an early indicator for another price increase today. In all we expect IDX to trade mixed with positive tendency today.
AKRA

Buy on Weakness

S2 S1 Level R1 R2
5,975 6,150 6,300 6,475 6,650

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

ANTM

Buy on Weakness

S2 S1 Level R1 R2
585 625 645 700 735

ANTM closed the session lower near its diagonal support without a volume and oversold RSI trend that could dampen a further downside movement.

PWON

Trading Buy

S2 S1 Level R1 R2
605 625 675 690 710

PWON ended the trading positively above its diagonal resistance with a high enough volume indicating another upside potential.

SMRA

Trading Buy

S2 S1 Level R1 R2
1,255 1,315 1,385 1,425 1,495

SMRA managed to moved u p in a thin range with bullish engulfing formation suggesting a further 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.