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.