Daily Research 26 April 2018

S2 S1 IDX R1 R2
5,952.1 6,054.6 6,079.9 6,246.1 6,355.9
  • Dow Jones closed 0.25% higher at 24,083.8 backed by Boeing shares on better than expected 1Q 2018 earnings.
  • Regional market traded mixed this morning as US Dollar Index increase above 91 levels while US 10-year Government bond yield closed above 3% levels.
  • IDX closed below recent low at 6,140 levels which confirms major correction pattern.
  • In all we expect IDX to trade mixed with negative tendency today as foreign investor continue selling equities while Rupiah depreciation is inevitable.
BBCA

Sell On Strenght

S2 S1 Level R1 R2
20,800 21,300 21,750 23,125 23,500

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

BBRI

Sell on Strength

S2 S1 Level R1 R2
3,010 3,210 3,310 3,400 3,480

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

MEDC

Hold

S2 S1 Level R1 R2
1,075 1,140 1,215 1,300 1,365

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

TLKM

Sell On Strenght

S2 S1 Level R1 R2
3,540 3,660 3,780 3,870 3,990

TLKM moved negatively with a bearish engulfing formation that could lead to a further down.

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Kiwoom Trader 26 April 2018

Bursa Eropa bergerak cenderung menurun mengikuti bursa Asia kemarin namun Dow Jones berhasil naik 0.25% pada level 24,083.8 seiring kenaikan saham Boeing atas kinerja 1Q 2018 yang baik. Bursa regional diperdagangkan mixed pagi ini seiring naiknya US Dollar Index ke atas level 91 serta tingkat imbal hasil pemerintah Amerika diatas level 3%. IHSG turun dibawah level terendah sebelumnya pada level 6,140 sehingga mengkonfirmasi pola koreksi teknikal. Kami memperkirakan IHSG bergerak mixed dengan kecenderungan menurun hari ini dipicu aksi jual investor asing serta depresiasi Rupiah.

Stock Closing Rec. S2 S1 R1 R2
BBCA 21,750 Sell on    Strength 20,800 21,300 23,125 23,500
BBRI 3,310 Sell on    Strength 3,010 3,210 3,400 3,480
MEDC 1,215  Hold 1,075 1,140 1,300 1,365
TLKM 3,780  Sell on    Strength 3,540 3,660 3,870 3,990

 

Kiwoom Trader 27 March 2018

Bursa Eropa diperdagangkan menurun seiring ketegangan hubungan diplomatik dengan Rusia sebagai bentuk solidaritas Eropa terhadap Inggris. Dow Jones mengalami teknikal rebound, naik 2.8% pada level 24,202 dengan EIDO naik 2.5% pada level 26.99 seiring meredanya kekuatiran perang dagang. Bursa regional turut mengalami rebound dengan Nikkei225 naik 0.9%, Kospi naik 0.7%, dan AORD naik 0.6%. IHSG ditutup melemah dibawah garis diagonal support jangka panjang namun candlestick membentuk pola bullish harami sehingga berpotensi mengalami teknikal rebound. Kami memperkirakan IHSG bergerak cenderung positif hari ini seiring penurunan US Dollar Index yang berpotensi menopang Rupiah.

Stock Closing Rec. S2 S1 R1 R2
BBCA 23,800 Take profit 21,900 22,600 24,250 25,000
BDMN 6,475 Buy on weakness 5,790 6,150 6,700 7,000
INDY 3,610 Trading Buy 3,050 3,400 3,820 4,090
MAPI 7,800 Take profit 6,800 7,125 7,900 8,200

 

Daily Research 27 March 2018

S2 S1 IDX R1 R2
6,109.4 6,167.0 6,200.1 6,243.5 6,314.0
  • Dow Jones on a technical rebound with 2.8% gain and closed at 24,202 levels while EIDO gained 2.5% at 26.99 as global trade war concerns eased.
  • Regional market traded higher following US markets with Nikkei225 up 0.9%, Kospi up 0.7%, and AORD up 0.6%.
  • IDX’s candlestick formed bullish harami which may hint a stronger session today.
  • We expect IDX to trade positive today as lower US Dollar Index may support Rupiah today.
BBCA

Take profit

S2 S1 Level R1 R2
21,900 22,600 23,800 24,250 25,000

BBCA was in the negative side with bearish harami pattern suggesting a further downside movement.

BDMN

Buy on weakness

S2 S1 Level R1 R2
5,790 6,150 6,475 6,700 7,000

BDMN still carried on the weak turn with presence of several supports that could dampen the downturn.

INDY

Trading Buy

S2 S1 Level R1 R2
3,060 3,400 3,610 3,820 4,090

INDY closed the session higher with long white candle pattern after on a weak trend in the last few days creating a technical rebound.

MAPI

Take profit

S2 S1 Level R1 R2
6,800 7,125 7,800 7,900 8,200

MAPI was in the positive territory but with a position its recent high that could limit the upside opportunity.

Daily Research 16 November 2017

S2 S1 IDX R1 R2
5,910.5 5,955.2 5,972.3 6,044.3 6,082.2
  • US and Europe Stock indices closed in negative territory yesterday, dragged down by energy sector after the International Energy Agency lowered its
    forecasts on global oil demand which then drew down oil prices.
  • Nikkei 225 and All Ordinaries opened down this morning, Kospi closed for holiday.
  • Although there is a chance of rebound after declining in 6 days in a row, investor still have to wary on negative global sentiment. Support is limited to 5915,
    resistance 6030.
ADRO

Sell on Strength

S2 S1 Level R1 R2
1,665 1,700 1,735 1,840 1,890

ADRO closed the session lower with long black candle pattern and break below diagonal support with higher volume indicating a further downturn.

BBCA

Sell on Strength

S2 S1 Level R1 R2
19,650 20,325 21,025 21,325 21,625

BBCA edged higher but wit a position near its recent high possibly a further upside potential.

PTBA

Sell on Strength

S2 S1 Level R1 R2
10,000 10,650 11,225 11,725 12,150

PTBA was on the negative side with a formation a long black candle yesterday indicating another downside movement.

SMGR

Buy on Weakness

S2 S1 Level R1 R2
9,500 9,700 9,850 10,200 10,500

SMGR ended trading negatively with a thin volume and a presence of its several support levels that could dampen a further downside movement.

* 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 16 November 2017


Indeks saham di AS dan Eropa ditutup turun kemarin, terseret oleh penurunan pada sektor energi setelah International Energy Agency menurunkan perkiraannya terhadap permintaan minyak global yang kemudian menarik turun harga minyak. Indeks Nikkei 225 dan All Ordinaries dibuka turun pagi ini, Kospi libur. Meskipun ada peluang rebound setelah turun dalam 6 hari berturut-turut, namun sentimen global yang masih negatif juga masih patut diwaspadai. Support terbatas pada 5915, resistance 6030.

Stock Closing Rec. S2 S1 R1 R2
ADRO 1,735 Sell on Strength 1,665 1,700 1,840 1,890
BBCA 21,025 Sell on Strength 19,650 20,325 21,325 21,625
PTBA 11,225 Sell on Strength 10,000 10,650 11,725 12,150
SMGR 9,850 Buy on Weakness 9,500 9,700 10,200 10,500

*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 19 October 2017

 

S2 S1 IDX R1 R2
5,863.9 5,901.9 5,929.2 5,967.1 6,000
  • Dow Jones closed 160.2 point higher at fresh new high 23,157.6 levels backed by IBM share and positive sentiments over US earnings season.
  • Regional market traded higher backed by positive sentiments from American and European markets.
  • IDX closed lower near strong diagonal support line, triggered by large net sell position from foreign investors.
  • Relatively high selling pressure may limit IDX’s technical rebound chance today thus we expect IDX to trade sideways today.
BBCA

Sell on strength

S2 S1 Level R1 R2
18,875 19,650 20,200 20,800 21,600

BBCA edged lower with a long black candle formation in addition, a brea horizontal support would create a further down sign

JSMR

Sell on Strength

S2 S1 Level R1 R2
5,525 5,850 6,100 6,300 6,500

JSMR moved in the negative side with a bearish engulfing pattern after unable to break its recent high that could lead to another downturn.

MNCN

Trading buy

S2 S1 Level R1 R2
1,380 1,470 1,535 1,595 1,665

MNCN closed the session higher above its horizontal resistance with high enough volume indicating another upside potential.

TLKM

Buy on weakness

S2 S1 Level R1 R2
4,000 4,140 4,300 4,400 4,520

TLKM closed the session lower with long black candle pattern near its diagonal support 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.