Daily Research 2 July 2018

S2 S1 IDX R1 R2
5,577.5 5,577.5 5,799.2 5,833.6 5,946.5
  • European and American market traded mixed last Friday with Dow Jones up only 0.1% at 24,283.1 as Nike shares rebound.
  • Crude oil price closed at high levels expected to support energy shares today.
  • Regional market traded mixed this morning.
  • IDX had technical rebound last Friday after BI lift benchmark rate by 50 basis points which followed by Rupiah appreciation. EIDO gained 2.9% last Friday and closed at 22.97.
  • We expect IDX to trade positive today as investor’s confidence rise.
ADRO

Speculative Buy

S2 S1 Level R1 R2
1,550 1,640 1,790 1,835 1,930

ADRO closed the session higher with long white candle pattern after on a weak trend in the last 5 days creating a technical rebound.

BBCA

Trading Buy

S2 S1 Level R1 R2
20,200 20,600 21,475 21,750 22,100

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

BBTN

Trading Buy

S2 S1 Level R1 R
2,200 2,370 2,450 2,550 2,700

BBTN moved higher after taking deep pressure in the last several days with a bullish harami pattern suggesting a rebound momentum.

UNVR

Trading Buy

S2 S1 Level R1 R2
43,450 44,450 46,100 47,100 48,245

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

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Kiwoom Trader 2 July 2018

Bursa kawasan Eropa dan Amerika diperdagangkan mixed akhir pekan lalu. Dow Jones naik 0.1% pada level 24,283.1 didukung kenaikan saham Nike. EIDO naik 2.9% hari Jumat pada level 22.97. Harga minyak dunia bertahan pada level yang cukup tinggi berpotensi menopang saham sektor pertambangan energi. Bursa kawasan regional diperdagangkan mixed pagi ini. IHSG berhasil rebound kemarin dipicu berita BI menaikkan tingkat bunga acuan 50 basis poin yang turut menopang apresiasi kurs Rupiah. Kami memperkirakan IHSG bergerak positif hari ini seiring pulihnya kepercayaan investor atas BI.

Stock Closing Rec. S2 S1 R1 R2
ADRO 1,790 Speculative Buy 1,550 1,640 1,835 1,930
BBCA 21,475 Trading Buy 20,200 20,600 21,750 22,100
BBTN 2,450 Trading Buy 2,200 2,370 2,550 2,700
UNVR 46,100 Trading Buy 43,450 44,450 47,100 48,245

 

Daily Research 21 Juni 2018

S2 S1 IDX R1 R2
  • Global market traded lower before Indonesian market open today as investor concerns over global trade war caused by US trade policies to China and EU.
  • EIDO dropped 7.6% during long Lebaran holiday from 25.78 at the closing of 7 June in US market to 23.82 at the closing of 19 June.
  • Global commodity prices dropped on trade war issues.
  • We expect IDX to trade lower today as adjustments after long Lebaran holiday as global issues, mainly trade war ignited by US trade policies and rising global interest rates, caused negative sentiment to the overall market.
ANTM

Buy On Weakness

S2 S1 Level R1 R2
810 850 880 905 945

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

BBCA

Sell on Strength

S2 S1 Level R1 R2
20,350 21,050 21,500 21,950 22,250

BBCA ended the trading negatively with long black candle pattern followed by higher volume indicating a further downturn.

CPIN

Hold

S2 S1 Level R1 R
3,310 3,430 3,800 3,840 3,950

CPIN has a chance to continue rally after ended trading with high volume. The rally will valid if CPIN break above recent high level (R1).

PTBA

Speculative Buy

S2 S1 Level R1 R2
3,830 3,950 4,240 4,300 4,400

PTBA closed the session higher after break above diagonal resistance with high enough volume indicating another upside potential.

Kiwoom Trader 21 Juni 2018

Bursa kawasan Eropa bergerak mixed dengan Dow Jones turun 0.2% pada level 24,657.8 seiring kecenderungan investor menunggu realisasi kebijakan perdagangan Amerika terhadap China dan Eropa. Harga minyak dunia mixed menjelang pertemuan OPEC untuk membahas tingkat produksi. Bursa regional bergerak mixed dengan AORD naik 0.8%, Nikkei naik 0.1%, dan Kospi turun 0.2% pagi ini. IHSG mengalami koreksi tajam kemarin sebagai penyesuaian terhadap pergerakan bursa global setelah libur panjang Lebaran. Kami memperkirakan IHSG bergerak mixed cenderung menurun hari ini seiring masih tingginya aksi jual investor asing.

Stock Closing Rec. S2 S1 R1 R2
ANTM 880 Buy on Weakness 810 850 905 945
BBCA 21,500 Sell on Strength 20,350 21,050 21,950 22,250
CPIN 3,800 Hold 3,310 3,430 3,840 3,950
PTBA 4,240 Speculative Buy 3,830 3,950 4,300 4,400

Daily Research 20 Juni 2018

S2 S1 IDX R1 R2
5,858.7 5,946.5 5,993.6 6,103.9 6,179.4
  • Global market traded lower before Indonesian market open today as investor concerns over global trade war caused by US trade policies to China and EU.
  • EIDO dropped 7.6% during long Lebaran holiday from 25.78 at the closing of 7 June in US market to 23.82 at the closing of 19 June.
  • Global commodity prices dropped on trade war issues.
  • We expect IDX to trade lower today as adjustments after long Lebaran holiday as global issues, mainly trade war ignited by US trade policies and rising global interest rates, caused negative sentiment to the overall market.
ACES

Sell on Strength

S2 S1 Level R1 R2
1,230 1,315 1,360 1,390 1,450

ACES was in the positive side but so a position near recent high would have the chance to dampen the gaining turn.

BBCA

Sell on Strength

S2 S1 Level R1 R2
21,500 22,000 22,250 23,150 23,650

BBCA ended the trading negatively with long black candle pattern followed by higher volume indicating a further downturn.

BMRI

Sell on Strength

S2 S1 Level R1 R
6,525 6,775 6,950 7,375 7,675

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

INDF

Sell on Strength

S2 S1 Level R1 R2
6,675 6,900 6,950 7,250 7,450

INDF ended the trading negatively with bearish engulfing pattern followed by higher volume indicating a further downturn.

Kiwoom Trader 20 Juni 2018

Bursa global diperdagangkan menurun menjelang pembukaan pasar Indonesia hari ini dipicu kekuatiran perang dagang atas kebijakan tarif Amerika terhadap China dan Eropa yang akan segera berlaku. Harga komoditas global tertekan dibayangi isu perang dagang. The Fed menaikkan tingkat bunga acuan menjadi 2% pekan lalu, memberi sinyal kenaikan tingkat bunga sebanyak 4 kali tahun ini. Rapat ECB minggu lalu sepakat memulai tapering akhir tahun ini. Kecenderungan investor menghindari pasar saham dan mengalihkan investasi ke pasar obligasi turut menopang kenaikan harga obligasi global. Kami memperkirakan IHSG bergerak cenderung menurun hari ini sebagai penyesuaian pasca libur panjang Lebaran atas berbagai isu global seperti potensi perang dagang Amerika terhadap China dan Eropa serta kecenderungan kenaikan tingkat bunga global. EIDO turun 7.6% selama liburan dari level 25.78 pada penutupan 7 Juni di pasar Amerika ke level 23.82 pada penutupan 19 Juni.

Stock Closing Rec. S2 S1 R1 R2
ACES 1,360 Sell on Strength 1,230 1,315 1,390 1,450
BBCA 22,250 Sell on Strength 21,500 22,000 23,150 23,650
BMRI 6,950 Sell on Strength 6,525 6,775 7,375 7,675
INDF 6,950 Sell on Strength 6,675 6,900 7,250 7,450

Daily Research 18 Mei 2018

S2 S1 IDX R1 R2
5,699.3 5,774.7 5,815.9 5,919.2 5,994.6
  • Dow Jones closed 0.2% lower at 24,714 after US President doubt trade negotiation between US-China will be successful.
  • Increase on US Treasury bond yield, which rise above 3.1% level, triggers global concern on rising interest rates although regional market traded slightly positive this morning.
  • Increase on BI7DRR expected to support Rupiah while IDX’s candlestick formed dark cloud cover which indicate existence of selling pressure.
  • In all we expect IDX to trade mixed today as rebound potentials capped by continuation of capital outflow.
BBCA

Sell on Strength

S2 S1 Level R1 R2
21,080 21,750 22,000 22,450 22,975

BBCA ended the trading weaker with a bearish harami formation providing another downside sign.

DOID

Trading Buy

S2 S1 Level R1 R2
785 840 930 975 1,050

DOID closed the session higher after break above resistance line with higher volume indicating another upside potential.

MAPI

Sell on Strength

S2 S1 Level R1 R2
8,050 8,250 8,450 8,700 8,900

MAPI closed the session higher in diagonal resistance area with a thin volume that could limit the upswing.

WSKT

Buy on Weakness

S2 S1 Level R1 R2
1,875 2,030 2,140 2,210 2,350

WSKT was on an upside turn with the presence of resistance that could limit the positive opportunity.