Daily Research 8 Juni 2018

S2	S1	IDX	R1	R2
5,946.5	6,037.4	6,106.7	6,179.4	6,246.1

• Dow Jones gained 0.4% closed at 25,241.4 backed by McDonald’s shares.
• Regional market traded slightly lower this morning as investor realized profits ahead of long holiday.
• IDX closed above 200 days exponential moving average (EMA) on its consolidation pattern.
• We expect IDX to trade lower today as the market prepares for more than a week long holiday while global investor tend to wait and see results of FOMC and ECB meeting next week.

BBRI	Hold
S2	S1	Level	R1	R2
3,030	3,150	3,270	3,340	3,460

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

JPFA	Speculative Buy
S2	S1	Level	R1	R2
1,515	1,560	1,575	1,650	1,700

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

KLBF	Sell on Strength
S2	S1	Level	R1	R
1,365	1,410	1,465	1,505	1,600

KLBF managed a rather positive turn followed volume but the presence of diagonal resistance that could limit the current upswing.

MEDC	Hold
S2	S1	Level	R1	R2
1,025	1,085	1,180	1,245	1,300

MEDC has a chance to continue rally after ended trading with high enough volume. The rally will valid if MEDC break above recent diagonal resistance.

Kiwoom Trader 8 Juni 2018

Bursa Eropa turun tipis seiring pembicaraan ECB untuk mulai mengakhiri quantitative easing (QE) dalam rapat ECB minggu depan sehingga paket stimulus dapat dihentikan akhir tahun ini. Dow Jones naik 0.4% ditutup pada level 25,241.4 didukung saham McDonald’s. Bursa regional diperdagangkan sedikit turun pagi ini dibayangi aksi profit taking. IHSG ditutup diatas garis exponential moving average (EMA) 200 hari dalam periode konsolidasi. Namun demikian kami memperkirakan IHSG bergerak cenderung menurun hari ini memasuki libur Lebaran dimana pasar global menanti hasil rapat FOMC dan ECB pekan depan.

Stock	Closing	Rec.	S2	S1	R1	R2
BBRI	3,270	Hold	3,030	3,150	3,340	3,460
JPFA	1,575	Speculative Buy	1,515	1,560	1,650	1,700
KLBF	1,465	Sell on Strength	1,365	1,410	1,505	1,600
MEDC	1,180	Hold	1,025	1,085	1,245	1,300

Daily Research 31 Mei 2018

S2	S1	IDX	R1	R2
5,854.6	5,946.5	6,011.0	6,138.1	6,240.6

• Dow Jones gained 1.3% managed to close at 24,668 backed by increase in Boeing, Chevron, and Home Depot shares.
• Regional market traded positive this morning following strong lead from European and US markets with AORD gained 0.6%, Kospi up by 0.5%, and Nikkei225 up by 0.4%.
• IDX on a profit taking session with its candlestick formed inverted hammer and bearish harami pattern which indicates another correction today.
• Although supported by strong regional market, however we expect IDX to trade mixed today ahead of long weekend holiday.

BBRI	Sell On Strength
S2	S1	Level	R1	R2
2,940	3,070	3,140	3,350	3,450

BBRI ended the trading negatively with higher volume after failed to break above horizontal resistance indicating a further downturn.

HRUM	Trading Buy
S2	S1	Level	R1	R2
2,800	2,800	3,220	3,350	3,490

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

KAEF	Trading Buy
S2	S1	Level	R1	R
1,870	2,000	2,530	2,570	2,740

KAEF closed the session higher with long white candle pattern after break above horizontal resistance with higher volume indicating another upside potential.

PTBA	Hold
S2	S1	Level	R1	R2
3,430	3,580	3,780	3,950	4,050

PTBA has a chance to continue rally after ended trading with high volume. The rally will valid if PTBA could break above diagonal resistance.

Kiwoom Trader 31 Mei 2018

Bursa Eropa dan Amerika rebound seiring meredanya kekuatiran pasar atas krisis Italia. Dow Jones naik 1.3% ditutup pada level 24,668 didukung kenaikan saham Boeing, Chevron, dan Home Depot. Bursa regional diperdagangkan positif pagi ini mengikuti sentimen bursa Eropa dan Amerika dengan AORD naik 0.6%, Kospi naik 0.5%, dan Nikkei225 naik 0.4%. IHSG mengalami profit taking dengan candlestick membentuk pola inverted hammer dan bearish harami, mengindikasikan potensi koreksi hari ini. Kami memperkirakan IHSG bergerak cenderung mixed hari ini menjelang libur panjang akhir pekan.

Stock	Closing	Rec.	S2	S1	R1	R2
BBRI	3,140	Sell on Strength	2,940	3,070	3,350	3,450
HRUM	3,220	Trading Buy	2,800	2,930	3,350	3,490
KAEF	2,530	Trading Buy	1,870	2,000	2,570	2,740
PTBA	3,780	Hold	3,430	3,580	3,950	4,050

Daily Research 24 Mei 2018

S2	S1	IDX	R1	R2
5,597.7	5,674.0	5,792.0	5,835.0	5,919.2

• European market lower as Italy treasury bonds fell sharply while Dow Jones reverse loss and book 0.2% gain at 24,886.8 after FOMC minutes showed Fed Governors feel comfortable letting inflation temporarily run above 2% inflation target as the economy recover.
• Regional market traded mixed with lower tendency as investor braced for a potential Fed Fund Rate (FFR) hike on June FOMC meeting
• IDX on a technical rebound yesterday but its candlestick formed inverted hammer pattern which indicates selling pressure.
• We expect IDX to trade mixed with lower tendency ahead of two public holidays next week.

BBRI	Trading Buy
S2	S1	Level	R1	R2
2,655	2,770	2,880	2,940	3,070

BBRI closed the trading higher with a strong volume after on weak trend in the several days creating a technical rebound.

BRPT	Trading Buy
S2	S1	Level	R1	R2
2,050	2,130	2,280	2,380	2,470

BRPT closed the session higher with a long white candle pattern and followed by higher volume indicating another upside potential.

INDF	Hold
S2	S1	Level	R1	R
6,100	6,375	6,800	7,050	7,250

INDF has a chance to continue rally after ended trading with higher volume. The rally will valid if INDF break above recent diagonal resistance.

PTPP	Sell on Strength
S2	S1	Level	R1	R2
2,290	2,390	2,600	2,710	2,830

PTPP has a chance to continue rally after ended trading with high enough volume. The rally will valid if PTPP break above recent diagonal resistance..

Kiwoom Trader 24 Mei 2018

Bursa Eropa turun seiring penurunan tajam obligasi Pemerintah Italia. Dow Jones berhasil ditutup naik 0.2% pada level 24,886.8 setelah rilis notulen rapat FOMC mengindikasikan Gubernur Bank Sentral dapat menerima kenaikan tingkat inflasi diatas target 2% seiring perbaikan ekonomi Amerika. Bursa regional diperdagangkan mixed dengan kecenderungan negatif atas ekspektasi kenaikan Fed Fund Rate (FFR) dalam rapat FOMC bulan Juni. IHSG rebound kemarin namun candlestick membentuk pola inverted hammer yang mengindikasikan masih adanya tekanan jual. Kami memperkirakan IHSG bergerak mixed cenderung menurun hari ini menjelang banyaknya hari libur minggu depan.

Stock	Closing	Rec.	S2	S1	R1	R2
BBRI	2,880	Trading Buy	2,655	2,770	2,940	3,070
BRPT	2,280	Trading Buy	2,050	2,130	2,380	2,470
INDF	6,800	Hold	6,100	6,375	7,050	7,250
PTPP	2,600	Hold	2,290	2,390	2,710	2,830

Daily Research 21 Mei 2018

S2	S1	IDX	R1	R2
5,647.4	5,734.2	5,783.3	5,919.2	5,994.6

• Dow Jones up by only 1.1 point at 24,715 after US President comment on US- China trade talk.
• Regional market traded sideways this morning.
• IDX traded down last week near recent low at 5,774 earlier this month as foreign investor keep selling equities, triggered Rupiah depreciation even after BI raised benchmark rate, BI7DRR.
• We expect IDX to trade lower today due to pressure on the currency on rising US treasury yield which pushed US Dollar Index to the upside.

BBRI	Buy on Weakness
S2	S1	Level	R1	R2
2,750	2,875	2,940	3,040	3,140

BBRI continued the weak turn but with the presences of several supports that could slow down the current downswing.

HRUM	Sell on Strength
S2	S1	Level	R1	R2
2,590	2,740	2,850	2,940	3,070

HRUM was in the positive side but with a closer near its horizontal resistance that could limit upswing.

KLBF	Hold
S2	S1	Level	R1	R2
1,220	1,250	1,270	1,360	1,430

KLBF ended the trading negatively in diagonal support area and oversold RSI trend that could dampen a further downside movement.

PTBA	Trading Buy
S2	S1	Level	R1	R2
3,300	3,430	3,690	3,800	3,900

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

Kiwoom Trader 21 Mei 2018

Bursa Eropa dan Amerika bergerak mixed cenderung menurun seiring kekuatiran hubungan perdagangan Amerika-China. Dow Jones hanya naik 1.1 poin pada level 24,715. Bursa regional diperdagangkan mendatar pagi ini. IHSG turun mendekati level terendah sebelumnya pada level 5,774 pada awal Mei seiring berlanjutnya aksi jual investor asing seiring depresiasi Rupiah pasca kenaikan BI7DRR. Kami memperkirakan IHSG bergerak cenderung menurun hari ini seiring tingginya tekanan terhadap Rupiah akibat kenaikan yield obligasi Pemerintah Amerika yang menopang kenaikan US Dollar Index.

Stock	Closing	Rec.	S2	S1	R1	R2
BBRI	2,940	Buy on Weakness	2,750	2,875	3,040	3,140
HRUM	2,850	Sell on Strength	2,590	2,740	2,940	3,070
KLBF	1,270	Hold	1,220	1,250	1,360	1,430
PTBA	3,690	Trading Buy	3,300	3,430	3,800	3,900

Daily Research 17 Mei 2018

S2	S1	IDX	R1	R2
5,600.4	5,694.9	5,841.5	5,915.8	5,995.9

• Dow Jones closed 0.25% higher at 24,769 backed by retail stocks.
• Regional market traded mixed this morning.
• IDX managed to close downside gap formed at the opening session yesterday. However potential rebound may be limited due to capital outflow which caused by concerns on rising treasury yield and Rupiah depreciation.
• In all we expect IDX to trade mixed with positive tendency ahead of result of BI’s Board of Governor meeting result this afternoon as we expect the central bank to raise benchmark rate BI-7DRR by 25 basis points to 4.5%.

ADRO	Trading Buy
S2	S1	Level	R1	R2
1,580	1,710	1,800	1,915	2,030

ADRO ended the session higher with a long white candle and a strong volume suggesting a favorable potential.

BBRI	Trading Buy
S2	S1	Level	R1	R2
2,800	2,900	3,070	3,140	3,260

BBRI closed the session higher with hammer pattern followed higher volume indicating another upside potential.

TLKM	Trading Buy
S2	S1	Level	R1	R2
3,150	3,250	3,480	3,520	3,660

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

UNVR	Buy on Weakness
S2	S1	Level	R1	R2
43,500	44,550	45,750	47,100	49,450

UNVR remain in the weak side during a few days in a row, A weak potential would carry on its recent low and support are broken down.

Kiwoom Trader 17 Mei 2018

Bursa Eropa bergerak mixed dengan Dow Jones naik 0.25% pada level 24,769 didukung kenaikan saham sektor retail. seiring kenaikan tinngkat imbal hasil obligasi Pemerintah Amerika yang berada pada level 3.06% pagi ini. Bursa regional diperdagangkan mixed pagi ini. IHSG berhasil menutup gap turun yang terjadi pada sesi pembukaan namun masih dibayangi aksi jual investor asing serta kenaikan tingkat imbal hasil obligasi Pemerintah serta depresiasi Rupiah. Kami memperkirakan IHSG bergerak mixed cenderung positif menjelang keputusan RDG sore ini dimana kami memperkirakan BI menaikkan tingkat bunga acuan BI-7DRR sebesar 25 basis poin menjadi 4.5%.

Stock	Closing	Rec.	S2	S1	R1	R2
ADRO	1,800	Sell on Strength	1,580	1,710	1,915	2,030
BBRI	3,070	Trading Buy	2,800	2,900	3,140	3,260
TLKM	3,480	Trading Buy	3,150	3,250	3,520	3,660
UNVR	45,750	Buy on Weakness	43,500	44,550	47,100	49,450