Daily Research 30 May 2017

S2 S1 IDX R1 R2
5,590.5 5,643.5   5,712.3 5,770.6 5,837.2
  • Dow Jones closed on Memorial Day. Regional bourses traded flat this morning due to lack of leads from US and European market.
  • IDX closed slightly lower yesterday but its candlestick formed bearish engulfing pattern, a sign for another selling pressure today.
  • IDX may get technical correction if break below 5,703 levels.
  • We expect IDX to trade mixed with negative tendency today.
ANTM

Trading Buy

S2 S1 Level R1 R2
665 695 750 770 800

ANTM close the session higher with a long white candle pattern after break above its horizontal resistance with high enough volume indicating another upside potential.

JPFA

Trading Buy

S2 S1 Level R1 R2
1,075 1,200 1,290 1,400 1,515

JPFA closed the trading higher with a break on its horizontal resistance with a high volume as well as a long white candle indicating a further upside opportunity.

UNTR

Hold

S2 S1 Level R1 R2
23,725 24,600 26,025 26,900 27,900

UNTR ended the trading positive in long term diagonal resistance area with increasing trading volume. A break above R1 may send UNTR higher to test resistance levels.

WIKA

Buy on Weakness

S2 S1 Level R1 R2
2,840 3,040 2,280 3,260 3,440

WIKA moved lower during the last several days but with presence of its horizontal support that could limit the weak turn.

* 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 30 May 2017

Dow Jones tutup memperingati Memorial Day. Bursa kawasan regional diperdagangkan mendatar pagi ini. HongKong tutup memperingati festival Tuen Ng. IHSG ditutup sedikit turun kemarin namun candlestick membentuk pola bearish engulfing sehingga berpotensi memicu tekanan jual hari ini. Investor asing mulai terlihat melakukan posisi jual bersih dalam beberapa hari perdagangan terakhir. IHSG berpotensi mengalami koreksi teknikal jika turun dibawah level 5,703. Kami memperkirakan IHSG bergerak mixed dengan kecenderungan negatif hari ini.

Stock Closing Rec. S2 S1 R1 R2
ANTM 750 Trading Buy 665 695 770 800
JPFA 1,290 Trading Buy 1,075 1,200 1,400 1,515
UNTR 26,025 Hold 23,725 24,600 26,900 27,900
WIKA 2,280 Buy on Weakness 2,180 2,230 2,380 2,480

*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 17 May 2017

S2 S1 IDX R1 R2
5,577.5 5,622.9   5,647.0 5,715.1 5,750
  • Dow Jones closed 2.2 point lower at 20,979.7 levels on a mixed trading sessions.
  • Australian and Japan bourses traded 0.5% and 0.6% lower this morning as investors lock profits.
  • IDX closed at recent low levels and break short term diagonal support line.
  • We expect IDX to trade negative today as investors wait and see the official announcement of rating revision from Standard & Poor’s.
ANTM

Trading Buy

S2 S1 Level R1 R2
570 600 700 730 760

ANTM closed the session higher above its diagonal resistance with a high volume indicating another upside potential.

INTP

Sell on Strength

S2 S1 Level R1 R2
17,200 17,800 18,475 19,000 19,500

INTP ended the trading positively in its diagonal resistance with an open gap up and overbought RSI trend that could limit the upswing.

JPFA

Speculative Buy

S2 S1 Level R1 R2
970 1,060 1,180 1,215 1,300

JPFA closed the trading higher with a long white candle after on a weak trend in the last 6 days creating a technical rebound.

MEDC

Trading Buy

S2 S1 Level R1 R2
2,300 2,500 2,750 2,940 3,150

MEDC ended the trading positively with a high volume indicating another upside 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 17 May 2017

Dow Jones turun 2.2 poin pada level 20,979.7 dalam perdagangan yang cenderung mendatar seiring sepinya berita penggerak pasar. Bursa Australia dan Jepang turun masing-masing sebesar 0.5% dan 0.6% pagi ini seiring langkah profit taking investor. Cenderung melemahnya harga komoditas seperti minyak dunia, nikel, timah, dan minyak sawit berpotensi kembali menekan perdagangan hari ini. IHSG ditutup tepat pada level terendah sebelumnya dan sedikit menembus diagonal support jangka pendeknya. Level-level horizontal support diharapkan dapat menopang potensi koreksi lanjutan. Kami memperkirakan IHSG bergerak cenderung negatif hari ini ditengah langkah investor menunggu pengumuman rating dari Standard & Poor’s.

Stock Closing Rec. S2 S1 R1 R2
ANTM 700 Trading Buy 570 600 730 760
INTP 18,475 Sell on Strength 17,200 17,800 19,000 19,500
JPFA 1,180 Speculative Buy 970 1,060 1,215 1,300
MEDC 2,750 Trading Buy 2,300 2,500 2,940 3,150

*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 15 May 2017

S2 S1 IDX R1 R2
5,577.5 5,622.9   5,675.2 5,715.1 5,750
  • Dow Jones closed 22.8 point lower at 20,896.6 levels.
  • Regional bourses traded lower this morning as geopolitical issue rises as North Korea launched missile test last Sunday.
  • IDX’s candlestick formed “inverted hammer” pattern on a “bearish harami”, which indicates selling pressure to persist today.
  • Thus we expect IDX to trade in negative territory today.
ANTM

Speculative Buy

S2 S1 Level R1 R2
570 600 620 645 670

ANTM closed the session negative in its horizontal support with a thin volume and oversold RSI trend that could dampen a further downside movement.

GGRM

Sell on Strength

S2 S1 Level R1 R2
68,000 70,000 73,900 75,000 77,100

GGRM closed the session higher in its diagonal resistance without volume and overbought RSI trend that could limit the upswing.

UNVR

Sell on Strength

S2 S1 Level R1 R2
45,325 46,000 46,800 47,000 47,800

UNVR in the positive side followed by a high volume and a presence of its diagonal resistance and overbought RSI trend that could limit the upside turn.

WSKT

Buy on Weakness

S2 S1 Level R1 R2
2,160 2,220 2,230 2,290 2,330

WSKT ended the trading n e g atively near its diagonal support without 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 15 May 2017

Dow Jones turun 22.8 poin hari Jumat ditutup pada level 20,896.6. bursa regional diperdagangkan cenderung melemah pagi ini seiring langkah Korea Utara yang kembali meluncurkan percobaan rudal balistik hari Minggu kemarin. Candlestick IHSG membentuk pola inverted hammer yang dikombinasikan dengan pola bearish harami, mengindikasikan potensi pelemahan hari ini. Kami memperkirakan IHSG bergerak cenderung menurun hari ini.

Stock Closing Rec. S2 S1 R1 R2
ANTM 620 Speculative Buy 570 600 645 670
GGRM 73,900 Sell on Strength 68,000 70,000 75,000 77,100
UNVR 46,800 Sell on Strength 45,325 46,000 47,000 47,800
WSKT 2,230 Buy on Weakness 2,160 2,220 2,290 2,330

*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.