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..

Advertisements

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

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.