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 11 Mei 2018

S2 S1 IDX R1 R2
5,590.5 5,708.1 5,708.1 5,952.1 6,054.6
  • Dow Jones closed 0.8% higher at 24,739 due to eased concerns over aggressive rate hike by the Fed after release inflation data which lower than expected.
  • Regional market traded positive this morning as US and North Korea plans to meet next month.
  • IDX’s candlestick formed bullish engulfing pattern which may support for another positive sessions today.
  • EIDO gained 3% after 9 May closing price, expected to support continuation of positive momentum today.
  • In all we expect IDX to trade positive today although investor tend to lock profit ahead of weekend.
ASII

Trading Buy

S2 S1 Level R1 R2
6,650 6,750 7,100 7,175 7,350

ASII closed the session higher with bullish engulfing pattern followed by high enough volume indicating another upside potential.

BBNI

Trading Buy

S2 S1 Level R1 R2
7,325 7,745 8,050 8,375 8,725

BBNI closed the trading higher with a high enough volume after on a weak trend in the few days creating a technical rebound.

BBRI

Trading Buy

S2 S1 Level R1 R2
2,960 3,095 3,210 3,290 3,390

BBRI closed the session higher with long white candle pattern after break above resistance line indicating another upside potential.

UNVR

Trading Buy

S2 S1 Level R1 R2
45,000 47,050 49,450 50,775 52,100

UNVR closed the session higher with a long white candle pattern also supported by a high volume indicating another upside potential.

Kiwoom Trader 11 Mei 2018

Bursa Eropa dan Amerika bergerak positif dengan Dow Jones naik 0.8% pada level 24,739 setelah rilis data inflasi yang lebih rendah dari perkiraan semula, meredakan kekuatiran pasar atas potensi kenaikan tingkat bunga yang agresif oleh the Fed. Bursa regional bergerak cenderung positif pagi ini seiring berita rencana pertemuan Amerika dengan Korea Utara bulan Juni mendatang. Candlestick IHSG membentuk pola bullish engulfing sehingga berpeluang melanjutkan rebound hari ini. EIDO naik 3% sejak penutupan 9 Mei lalu. Kami memperkirakan IHSG bergerak positif hari ini kendati dibayangi aksi profit taking memasuki akhir pekan.

Stock Closing Rec. S2 S1 R1 R2
ASII 7,100 Trading Buy 6,650 6,750 7,175 7,350
BBNI 8,050 Trading Buy 7,325 7,745 8,375 8,725
BBRI 3,210 Trading Buy 2,960 3,095 3,290 3,390
UNVR 49,450 Trading Buy 45,000 47,050 50,775 52,100

Daily Research 8 Mei 2018

S2 S1 IDX R1 R2
5,647.4 5,749.3 5,885.1 5,915.7 6,034.4
  • Dow Jones closed 0.4% higher at 24,357 backed by energy stocks as Nymex crude oil price break above US$ 70 per barrel.
  • Regional market traded positive this morning following positive lead from US sessions.
  • IDX rebound and closed downside gap formed last week which may continue trade higher to test its resistance levels.
  • In all we expect IDX to trade mixed with positive tendency today as rebound shadowed by Rupiah depreciation and higher rate expectation ahead of 16-17 May BI’s Board of Governor meeting.
ASII

Sell on Strength

S2 S1 Level R1 R2
6,575 6,875 7,075 7,300 7,450

ASII closed the session lower with a long black candle formation and high enough volume indicating another weak movement.

BBTN

Trading Buy

S2 S1 Level R1 R2
2,420 2,600 2,890 3,060 3,200

BBTN closed the session higher with bullish harami pattern and followed by higher volume indicating another upside potential.

HMSP

Trading Buy

S2 S1 Level R1 R2
3,230 3,380 3,550 3,750 3,950

HMSP edged higher supported by a high enough volume so that could lead to a rebound momentum.

SSIA

Trading Buy

S2 S1 Level R1 R2
460 478 498 515 535

SSIA closed the session higher with hammer pattern and followed by high enough volume indicating another upside potential.

Kiwoom Trader 8 Mei 2018

ursa Eropa dan Amerika ditutup positif kemarin dengan Dow Jones naik 0.4% pada level 24,357 menjelang keputusan Presiden Amerika terkait Iran. Kenaikan bursa Amerika turut didukung oleh kenaikan saham sektor energi seiring kenaikan harga minyak mentah dunia diatas level US$ 70 per barrel. Bursa regional bergerak cenderung positif mengikuti penutupan bursa Amerika. IHSG naik menutup gap turun yang terjadi minggu lalu dan berpotensi melanjutkan penguatan menguji level resisten. Kami memperkirakan IHSG bergerak mixed cenderung positif hari ini karena potensi rebound masih dibayangi depresiasi Rupiah serta kenaikan tingkat imbal hasil menjelang RDG 16-17 Mei.

Stock Closing Rec. S2 S1 R1 R2
ASII 7,075 Sell On    Strength 6,575 6,875 7,300 7,450
BBTN 2,890 Trading Buy 2,420 2,600 3,060 3,200
HMSP 3,550 Trading Buy 3,230 3,380 3,750 3,950
SSIA 498 Trading Buy 460 478 515 535

Daily Research 3 Mei 2018

S2 S1 IDX R1 R2
5,840.9 5,909.2 6,012.2 6,134.0 6,246.1
  • Dow Jones closed 0.7% lower at 23,925 due to concerns of higher interest rates as the Fed Governor said that inflation has neared 2% target. As highly anticipated previously, the Fed leave interest rate unchanged.
  • Regional market traded mixed this morning.
  • IDX traded higher yesterday while foreign investor keep selling Indonesian equities.
  • In all we expect IDX to trade mixed with negative tendency ahead of Friday’s job reports and Fed members speaks.
ADRO

Buy on Weakness

S2 S1 Level R1 R2
1,580 1,695 1,775 1,835 1,955

ADRO was on the weak side near its horizontal support that could possibly lead to a limited downside movement.

ASII

Trading Buy

S2 S1 Level R1 R2
7,000 7,200 7,375 7,550 7,750

ASII managed an upside turn with a long white candle pattern and a high volume suggesting another favorable potential.

DOID

Trading Buy

S2 S1 Level R1 R2
785 840 920 975 1,050

DOID closed the session higher with high enough volume and break above resistance after on a weak trend in the last 7 days creating a technical rebound.

WSKT

Hold

S2 S1 Level R1 R2
1,910 2,060 2,110 2,250 2,390

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