Daily Research 26 May 2017

S2 S1 IDX R1 R2
5,590.5 5,643.5   5,703.4 5,730.6 5,791.8
  • Dow Jones closed 70.5 point higher at 21,082.9 levels.
  • Regional bourses traded negative this morning due to weak oil price despite OPEC agreement to extend production cap until March 2018.
  • IDX closed at its short term diagonal support line. A break below the line, or 5,678 may send IDX lower.
  • We expect IDX to trade lower today.
BBRI

Buy on Weakness

S2 S1 Level R1 R2
13,200 13,975 14,150 14,500 15,300

BBRI still carried on the weak turn with the presences of several supports that could dampen the downturn.

CTRA

Buy on Weakness

S2 S1 Level R1 R2
1,030 1,095 1,120 1,185 1,235

CTRA moved lower during the last several days but with presence of its horizontal support that could limit the weak turn.

ISAT

Speculative Buy

S2 S1 Level R1 R2
9,775 10,400 10,850 11,500 12,275

ISAT ended the trading negatively in its long term diagonal support without volume and oversold RSI trend that could dampen a further downside movement.

PGAS

Trading Buy

S2 S1 Level R1 R2
2,270 2,350 2,460 2,530 2,590

PGAS closed the session higher above its short term diagonal resistance with high enough volume indicating another upside 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 26 May 2017

Dow Jones naik 70.5 poin ditutup pada level 21,082.9. Bursa regional diperdagangkan negatif pagi ini seiring pelemahan harga minyak dunia kendati pertemuan OPEC menyetujui perpanjangan pembatasan produksi hingga Maret 2018. Para pelaku pasar menginginkan OPEC menurunkan tingkat produksi minyak lebih dalam. Menantu Presiden Donald Trump, Jared Kushner, yang juga bertindak sebagai penasehat senior kepresidenan Amerika saat ini dikabarkan tengah berada dalam pengawasan ketat FBI terkait investigasi hubungan dengan pihak Rusia. Hal tersebut berpotensi kembali membayangi pergerakan Dow hari Jumat. IHSG ditutup tepat pada garis diagonal support jangka pendek. Penutupan IHSG dibawah level 5,678 berpotensi memicu koreksi IHSG. Kami memperkirakan IHSG kembali bergerak negatif akhir pekan ini.

Stock Closing Rec. S2 S1 R1 R2
BBRI 14,150 Buy on Weakness 13,200 13,975 14,500 15,300
CTRA 1,120 Buy on Weakness 1,030 1,095 1,185 1,235
ISAT 10,850 Speculative Buy 9,775 10,400 11,500 12,275
PGAS 2,460 Trading Buy 2,270 2,350 2,530 2,590

*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 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,

Daily Research 16 May 2017

S2 S1 IDX R1 R2
5,577.5 5,622.9   5,688.9 5,715.1 5,750
  • Dow Jones closed 0.4% higher at 20,981.9 levels backed by rebound in crude oil price and tech sector.
  • Regional bourses traded positive this morning backed by positive sentiments from Dow.
  • IDX’s candlestick formed morningstar pattern yesterday near strong diagonal resistance.
  • IDX has upside potential today to test its all-time high at 5,726 levels.
ACES

Speculative Buy

S2 S1 Level R1 R2
910 935 950 1,000 1,025

ACES closed the session negative near diagonal support with a thin volume that could dampen a further downside movement.

BBRI

Sell on Strength

S2 S1 Level R1 R2
13,500 14,000 14,300 14,500 15,000

BBRI closed the session higher in its diagonal resistance without volume and overbought RSI trend that could limit the upswing.

ISAT

Sell on Strength

S2 S1 Level R1 R2
7,000 7,125 7,350 7,500 7,700

ISAT in the positive side near diagonal resistance with a thin volume that could limit the upside turn.

SMGR

Trading Buy

S2 S1 Level R1 R2
8,300 8,600 8,900 9,175 9,400

SMGR ended the trading p o si tively above its diagonal resistance with a high enough volume indicating another upside 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 16 May 2017

Dow Jones naik 0.4% ditutup pada level 20,981.9 didukung rebound-nya harga minyak dunia serta kenaikan saham sektor teknologi. Rusia dan Arab Saudi sepakat memperpanjang penurunan produksi minyak dunia hingga Maret 2018. Bursa regional pagi ini diperdagangkan positif mengikuti sentimen positif Dow. Candlestick IHSG membentuk pola morningstar kemarin, dekat garis diagonal support kuat. IHSG berpotensi kembali naik menguji level tertinggi sebelumnya pada 5,726.

Stock Closing Rec. S2 S1 R1 R2
ACES 950 Speculative Buy 910 935 1,000 1,025
BBRI 14,300 Sell on Strength 13,500 14,000 14,500 15,000
ISAT 7,350 Sell on Strength 7,000 7,125 7,500 7,700
SMGR 8,900 Trading Buy 8,300 8,600 9,175 9,400

*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 10 May 2017

S2 S1 IDX R1 R2
5,627.9 5,680.8   5,697.1 5,750 5,790
  • Dow Jones traded 36.5 point lower closed at 20,975.7 levels after North Korea statement to proceed their nuclear tests.
  • Nikkei traded 0.3% higher this morning as Yen depreciates against US$.
  • IDX’s candlestick formed “dark cloud cover” which indicates further downside risk today.
  • We expect IDX to trade negative today as investors realize profits.
BBRI

Sell on Strength

S2 S1 Level R1 R2
13,000 13,500 14,000 14,350 14,850

BBRI moved negatively with a shooting star pattern after falling to break its recent high suggesting another downside movement.

INCO

Buy on Weakness

S2 S1 Level R1 R2
1,710 1,850 1,930 2,040 2,150

INCO closed the session negative near its diagonal support with a thin volume and oversold RSI trend suggesting a limited downside potential.

MEDC

Speculative Buy

S2 S1 Level R1 R2
2,000 2,200 2,300 2,500 2,670

MEDC ended the trading negatively in its diagonal support without volume and oversold RSI trend that could dampen a further downside movement.

TBIG

Sell on Strength

S2 S1 Level R1 R2
5,225 5,450 5,675 5,900 6,075

TBIG moved in the weak s i d e followed by a bearish engulfing suggesting another 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.