Daily Research 23 Mei 2018

S2 S1 IDX R1 R2
5,597.7 5,674.0 5,751.1 5,835.0 5,919.2
  • Dow Jones closed 0.7% lower at 24,834 after President Trump comments on US-North Korea meeting and doubts on US-China trade talks last week.
  • Regional market traded mixed this morning.
  • IDX’s candlestick formed inverted hammer pattern near recent low which indicate persistence of selling pressure.
  • In all we expect IDX to trade lower today due to concerns of currency depreciation and rising treasury yields ahead of two public holidays next week.
ANTM

Buy on Weakness

S2 S1 Level R1 R2
805 835 845 900 935

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

ASII

Trading Buy

S2 S1 Level R1 R2
6,200 6,400 6,950 7,050 7,275

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

BBNI

Buy on Weakness

S2 S1 Level R1 R2
6,650 7,000 7,125 7,550 8,000

BBNI ended the trading negatively near diagonal support with a thin volume and oversold RSI trend suggesting a limited downside potential.

CTRA

Sell on Strength

S2 S1 Level R1 R2
800 850 880 970 1,015

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

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Kiwoom Trader 23 Mei 2018

Bursa Eropa ditutup positif namun Dow Jones turun 0.7% pada level 24,834 atas komentar Presiden Trump yang menyatakan keraguan atas pertemuan dengan Korea Utara serta pembicaraan terkait perdagangan dengan China pekan lalu. Bursa regional diperdagangkan mixed pagi ini. Candlestick IHSG membentuk inverted hammer dekat level terendah sebelumnya, mengindikasikan masih adanya tekanan jual. Kami memperkirakan IHSG bergerak cenderung menurun hari ini dipicu kenaikan tingkat imbal hasil obligasi Pemerintah Indonesia serta depresiasi kurs Rupiah menjelang banyaknya hari libur minggu depan.

Stock Closing Rec. S2 S1 R1 R2
ANTM 845 Buy on Weakness 805 835 900 935
ASII 6,950 Trading Buy 6,200 6,400 7,050 7,275
BBNI 7,125 Buy on Weakness 6,650 7,000 7,550 8,000
CTRA 880 Sell on Strength 800 850 970 1,015

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.

Kiwoom Trader 27 April 2018

Bursa Eropa dan Amerika mengalami teknikal rebound kendati treasury yield Amerika berada pada kisaran 3% menjelang rapat FOMC 1-2 Mei. Dow Jones naik 1% pada level 24,322 seiring kenaikan saham sektor teknologi seperti Facebook dan Advanced Micro Devices (AMD) atas kinerja 1Q 2018 yang baik. Bursa regional diperdagangkan positif pagi ini menyambut pertemuan dua Korea. IHSG turun dibawah level psikologis 6,000 mengkonfirmasi berakhirnya tren naik yang terbentuk sejak akhir 2015.  Kami memperkirakan IHSG bergerak mixed dengan kecenderungan positif hari ini didukung sentimen bursa regional, serta potensi teknikal rebound setelah mengalami penurunan tajam dalam 3 hari bursa berturut-turut.

Stock Closing Rec. S2 S1 R1 R2
ADRO 1,995 Buy on Weakness 1,800 1,915 2,130 2,230
ANTM 830 Hold 775 805 865 900
BSDE 1,720 Sell on    Strength 1,665 1,700 1,820 1,875
HMSP 3,650  Buy on Weakness 3,370 3,510 3,880 4,000

 

Kiwoom Trader 23 April 2018

Bursa Eropa diperdagangkan mixed akhir pekan lalu. Dow Jones turun 0.8% pada level 24,462.9 dipicu koreksi saham Apple serta kecenderungan tingkat bunga global. Tingkat imbal hasil obligasi Pemerintah Amerika naik diatas level 2.9% hari Jumat. Bursa regional diperdagangkan mendatar dengan kecenderungan negatif pagi ini. IHSG turun hari Jumat menguji level support. Kami memperkirakan IHSG bergerak cenderung menurun hari ini dibayangi depresiasi kurs Rupiah serta kecenderungan kenaikan tingkat bunga global.

Stock Closing Rec. S2 S1 R1 R2
ANTM 905  Sell On Strenght 865 885 925 955
DMAS 184 Trading Buy 164 174 192 204
HMSP 4,030  Sell On Strenght 3,760 3,940 4,160 4,310
PGAS 2,320  Sell On Strenght 2,120 2,210 2,380 2,470

 

Daily Research 23 April 2018

S2 S1 IDX R1 R2
6,243.6 6,289.5 6,337.7 6,360.9 6,412.8
  • Dow Jones closed 0.8% lower at 24,462.9 affected by
    correction in Apple shares while investor also
    concerns of rising global interest rates. US
    Government 10-year bond yield closed above .9%
    last Friday.
  • Regional market traded sideways with negative
    tendency this morning.
  • IDX traded lower last Friday to test support levels.
  • In all we expect IDX to trade lower today as
    sentiments affected by Rupiah depreciation and
    tendency of rising global interest rates.
ANTM

Sell on Strength

S2 S1 Level R1 R2
865 885 905 925 955

ANTM was in the negative side with a bearish harami formation indicating another downside potential

DMAS

Trading Buy

S2 S1 Level R1 R2
164 174 184 192 204

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

HMSP

Sell on strength

S2 S1 Level R1 R2
3,760 3,940 4,030 4,160 4,310

HMSP moved negatively with a long black candle followed by a high volume suggesting a further downside potential

PGAS

Sell on Strength

S2 S1 Level R1 R2
2,120 2,210 2,320 2,380 2,470

PGAS managed an upside turn but with a close near its horizontal resistance that could limit the upside opportunity.

Daily Research 05 April 2018

S2 S1 IDX R1 R2
5,952.1 6,054.6 6,157.1 6,292.3 6,386.2
  • Although opened 2% lower, Dow Jones managed to book 1% gain at 24,264 as emotional sellers creates buying opportunities. US investors speculate buy on tech sectors.
  • US stock market rebound send some positive momentum for regional market with Nikkei225 gain 0.9%, Kospi gain 0.7%, and AORD gain 0.3% this morning.
  • IDX’s candlestick formed bearish engulfing pattern which indicates another weak session today.
  • We expect IDX to trade mixed today as technical rebound potential only triggered by regional market. In all we tend to see that global fear of US-China trade war still rule sentiments. Chinese market closed today for Ching Ming Festival.
ADRO

Sell on Strength

S2 S1 Level R1 R2
1,870 1,965 2,040 2,130 2,220

ADRO was in the negative side followed by a bearish engulfing indicating a further downside potential.

ANTM

Hold

S2 S1 Level R1 R2
725 760 775 835 870

ANTM ended the trading negatively with bearish engulfing pattern. A further downside would remain possible if ANTM break its diagonal support may trigger price correction.

BBRI

Sell on strength

S2 S1 Level R1 R2
3,210 3,370 3,490 3,600 3,740

BBRI closed the session lower after break below horizontal support with increasing volume indicating a further downturn.

EXCL

Trading Buy

S2 S1 Level R1 R2
2,250 2,360 2,540 2,620 2,720

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