Daily Research 18 May 2017

S2 S1 IDX R1 R2
5,534 5,577   5,615.5 5,688 5,725
  • Dow Jones closed 372.8 point lower (-1.8%) at 20,606.9 levels as investors concerns about Mr. Trump’s policies. EIDO closed 2.56% lower at 25.84 levels.
  • Regional bourses traded negative this morning.
  • IDX closed below its recent low, which also break short term diagonal support line, thus selling pressure expected to persist today.
  • We expect IDX to trade on negative territory today.
ASII

Sell on Strength

S2 S1 Level R1 R2
7,900 8,150 8,350 8,700 9,000

ASII closed below its recent low. ASII’s price pattern also showed a break to its short term diagonal support line which ends its short term uptrend channel. ASII may trade lower to test its support levels.

BBNI

Sell on Strength

S2 S1 Level R1 R2
6,150 6,400 6,500 6,725 6,900

BBNI seemed making double top formation as its second peak is lower compared to its first peak. A break below short term diagonal support line may trigger price correction.

BBRI

Sell on Strength

S2 S1 Level R1 R2
13,725 13,975 14,100 14,300 14,550

BBRI’s candlestick formed bearish harami pattern which may limit upside potentials. BBRI may trade lower to test its resistance levels.

PTPP

Trading Buy

S2 S1 Level R1 R2
2,700 2,840 2,950 2,980 3,200

PTPP seemed making double bottom formation. The pattern valid if PTPP break above recent high level (R1) with price target set at R2.

* 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 18 May 2017

Dow Jones turun 372.8 poin (-1.8%) ditutup pada level 20,606.9 kemarin dipicu kekuatiran pasar atas kebijakan dalam negri Amerika yang dilakukan Donald Trump. Safe haven asset seperti obligasi Pemerintah Amerika Serikat dan Yen naik seiring tingginya faktor ketidakpastian pasar. Bursa kawasan regional diperdagangkan negatif pagi ini. EIDO turun 2.56% ditutup pada level 25.84. IHSG turun dibawah level terendah sebelumnya, yang juga menembus garis diagonal support jangka pendek, sehingga potensi penurunan lanjutan masih mungkin terjadi hari ini. Kami memperkirakan IHSG bergerak cenderung negatif hari ini.

Stock Closing Rec. S2 S1 R1 R2
ASII 8,350 Sell on Strength 7,900 8,150 8,700 9,000
BBNI 6,500 Sell on Strength 6,150 6,400 6,725 6,900
BBRI 14,100 Sell on Strength 13,725 13,975 14,300 14,550
PTPP 2,950 Trading Buy 2,700 2,840 2,980 3,200

*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,

Kiwoom Trader 26 April 2017

Dow Jones naik 1.1% ditutup pada level 20,996.1 seiring optimisme kinerja perusahaan 1Q 2017 serta reformasi pajak yang diusulkan Donald Trump. Bursa kawasan regional pagi ini bergerak positif didukung sentimen positif Dow. Candlestick IHSG membentuk pola hanging man, ditutup sedikit lebih tinggi dibandingkan posisi all-time high sebelumnya, mengindikasikan IHSG rawan koreksi akibat profit taking. Kami memperkirakan IHSG bergerak mixed cenderung positif hari ini ditengah optimisme pasar atas kinerja keuangan 1Q 2017.

Stock Closing Rec. S2 S1 R1 R2
BBNI 6,200 Trading Buy 5,875 6,025 6,350 6,525
CPIN 3,370 Sell on Strength 3,240 3,300 3,420 3,480
EXCL 3,190 Trading Buy 2,890 3,090 3,300 3,480
HRUM 2,500 Buy on Weakness 2,290 2,440 2,630 2,800

*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 31 March 2017

S2 S1 IDX R1 R2
5,550 5,575   5,593.0 5,625 5,650
  • Dow Jones closed 0.33% higher backed by banking sector. US GDP growth data revealed 2.1% expansion during 4Q 2016, above 2% growth expected.
  • Date released support crude oil price to trade above US$ 50 / barrel.
  • Regional bourses traded mixed this morning
  • We expect IDX to trade mixed with positive tendency today.
BBCA

Sell on Strength

S2 S1 Level R1 R2
16,200 16,500 16,825 17,000 17,200

BBCA ended the trading positively near its diagonal resistance with a high enough volume and an overbought RSI trend that could limit the upswing.

BBNI

Sell on Strength

S2 S1 Level R1 R2
6,000 6,200 6,375 6,600 6,900

BBNI was in the negative side with a bearish engulfing formation and a high enough volume indicating another weak movement.

PWON

Sell on Strength

S2 S1 Level R1 R2
560 580 595 640 665

PWON closed the session lower with a bearish engulfing formation and a high enough volume suggesting a further downturn.

TINS

Trading Buy

S2 S1 Level R1 R2
875 930 975 1,005 1,075

TINS took an upside tur n with the break on its resistance of an uptrend channel supported by a high enough volume indicating another favorable 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 31 March 2017

Dow Jones naik 69.1 poin (+0.33%) ditutup pada level 20,728.5 yang didukung oleh sektor perbankan. Data pertumbuhan GDP Amerika tercatat sebesar 2.1% pada 4Q 2016 (diatas perkiraan sebelumnya 2%) turut menopang kenaikan indeks saham. Data GDP tersebut juga menopang harga minyak sehingga Nymex crude kembali naik menembus level US$ 50 / barrel.

Stock Closing Rec. S2 S1 R1 R2
BBCA 16,825 Sell on Strength 16,200 16,500 17,000 17,200
BBNI 6,375 Sell on Strength 6,000 6,200 6,600 6,900
PWON 595 Sell on Strength 560 580 640 665
TINS 975 Trading Buy 875 930 1,005 1,075

*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 29 March 2017

S2 S1 IDX R1 R2
5,500 5,518   5,541.2 5,567 5,600
  • A positive Dow Jones would provide support.
  • The IDX took a correction but in the middle of foreign buying interest yesterday that could have the chance to limit the downturn.
  • So, we predict that the IDX would be in the positive side today.
ADHI

Buy on weakness

S2 S1 Level R1 R2
2,100 2,200 2,330 2,460 2,600

ADHI moved lower with a break on its short term diagonal support providing a further negative sign.

AKRA

Buy on weakness

S2 S1 Level R1 R2
5,975 6,125 6,350 6,650 6,925

AKRA was in the negative side with a long black candle formation but with the presences of several horizontal supports in which could limit the downswing.

BBNI

Buy on weakness

S2 S1 Level R1 R2
6,200 6,400 6,525 6,900 7,200

BBNI moved down again followed by a long black candle and a high enough volume suggesting a further downturn especially if its support is broken down.

BJTM

Sell on strength

S2 S1 Level R1 R2
585 615 630 645 675

BJTM moved negatively with a bearish engulfing pattern indicating another weak 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 29 March 2017

Dow Jones Industrial Average menguat150.52 poin, atau 0.73%, pada 20,701.50. Nasdaq Composite naik 34.77 poin, atau 0.6%, pada 5,875.14. Wall Street menguat didukung data konsumer.

Stock Closing Rec. S2 S1 R1 R2
ADHI 2,330 Buy on weakness 2,100 2,200 2,460 2,600
AKRA 6,350 Buy on weakness 5,975 6,125 6,650 6,925
BBNI 6,525 Buy on weakness 6,200 6,400 6,900 7,200
BJTM 630 Sell on strength 585 615 645 675

*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,