Daily Research 25 Juni 2018

S2 S1 IDX R1 R2
5,664.5 5,780.9 5,821.8 5,946.5 6,068.3
  • Dow Jones gained 0.5% last Friday to 24,580.9 backed by Chevron and Exxon Mobil shares on rising crude oil price despite agreement from OPEC meeting to lift production to satisfy increasing global demand.
  • Regional market traded mixed this morning.
  • IDX’s candlestick formed doji pattern last Friday as investor tend to switch from equities.
  • In all we expect IDX to trade mixed with negative tendency as foreign investor keep selling Indonesian equities ahead of the implementation of US trade policy on early July.
BDMN

Sell on Strength

S2 S1 Level R1 R2
5,900 6,225 6,400 6,575 6,825

BDMN closed the session higher with long white candle pattern but with a thin volume and near its horizontal resistance that could limit the upswing.

CTRA

Trading Buy

S2 S1 Level R1 R2
950 1,010 1,100 1,135 1,195

CTRA closed the session higher with long white candle pattern with high enough volume indicating another upside potential.

KLBF

Trading Buy

S2 S1 Level R1 R
1,200 1,250 1,310 1,370 1,415

KLBF closed the trading higher after on weak trend in the several days creating a technical rebound.

MEDC

Hold

S2 S1 Level R1 R2
900 965 990 1,065 1,125

MEDC closed below its recent low. A further downside would remain possible if SMRA break its diagonal support may trigger price correction.

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Kiwoom Trader 25 Juni 2018

Bursa kawasan Eropa dan Amerika mengalami rebound hari Jumat. Dow Jones naik 0.5% pada level 24,580.9 didukung kenaikan saham Chevron dan Exxon Mobil. Harga minyak dunia rebound kendati pertemuan OPEC sepakat untuk meningkatkan produksi seiring kenaikan permintaan atas energi. Bursa kawasan regional diperdagangkan mixed pagi ini. Candlestick IHSG membentuk doji hari Jumat seiring langkah investor menghindari portfolio ekuitas. Kami memperkirakan IHSG bergerak mixed cenderung menurun hari ini seiring masih tingginya minat jual investor asing menjelang implementasi kebijakan perdagangan Amerika awal Juli.

Stock Closing Rec. S2 S1 R1 R2
BDMN 6,400 Sell on Strength 5,900 6,225 6,575 6,825
CTRA 1,100 Trading Buy 950 1,010 1,135 1,195
KLBF 1,310 Trading Buy 1,200 1,250 1,370 1,415
MEDC 990 Hold 900 965 1,065 1,125

Kiwoom Trader 27 March 2018

Bursa Eropa diperdagangkan menurun seiring ketegangan hubungan diplomatik dengan Rusia sebagai bentuk solidaritas Eropa terhadap Inggris. Dow Jones mengalami teknikal rebound, naik 2.8% pada level 24,202 dengan EIDO naik 2.5% pada level 26.99 seiring meredanya kekuatiran perang dagang. Bursa regional turut mengalami rebound dengan Nikkei225 naik 0.9%, Kospi naik 0.7%, dan AORD naik 0.6%. IHSG ditutup melemah dibawah garis diagonal support jangka panjang namun candlestick membentuk pola bullish harami sehingga berpotensi mengalami teknikal rebound. Kami memperkirakan IHSG bergerak cenderung positif hari ini seiring penurunan US Dollar Index yang berpotensi menopang Rupiah.

Stock Closing Rec. S2 S1 R1 R2
BBCA 23,800 Take profit 21,900 22,600 24,250 25,000
BDMN 6,475 Buy on weakness 5,790 6,150 6,700 7,000
INDY 3,610 Trading Buy 3,050 3,400 3,820 4,090
MAPI 7,800 Take profit 6,800 7,125 7,900 8,200

 

Daily Research 27 March 2018

S2 S1 IDX R1 R2
6,109.4 6,167.0 6,200.1 6,243.5 6,314.0
  • Dow Jones on a technical rebound with 2.8% gain and closed at 24,202 levels while EIDO gained 2.5% at 26.99 as global trade war concerns eased.
  • Regional market traded higher following US markets with Nikkei225 up 0.9%, Kospi up 0.7%, and AORD up 0.6%.
  • IDX’s candlestick formed bullish harami which may hint a stronger session today.
  • We expect IDX to trade positive today as lower US Dollar Index may support Rupiah today.
BBCA

Take profit

S2 S1 Level R1 R2
21,900 22,600 23,800 24,250 25,000

BBCA was in the negative side with bearish harami pattern suggesting a further downside movement.

BDMN

Buy on weakness

S2 S1 Level R1 R2
5,790 6,150 6,475 6,700 7,000

BDMN still carried on the weak turn with presence of several supports that could dampen the downturn.

INDY

Trading Buy

S2 S1 Level R1 R2
3,060 3,400 3,610 3,820 4,090

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

MAPI

Take profit

S2 S1 Level R1 R2
6,800 7,125 7,800 7,900 8,200

MAPI was in the positive territory but with a position its recent high that could limit the upside opportunity.

Kiwoom Trader 14 March 2018


Dow Jones turun 0.7% pada level 25,007 seiring kekuatiran investor atas pemecatan Tillerson dan melarang Qualcomm diakuisisi oleh Broadcom. Bursa regional diperdagangkan mendatar dengan kecenderungan negatif pagi ini. IHSG ditutup melemah mendekati support. Penembusan ke bawah level S1 berpotensi memicu koreksi lanjutan ditengah maraknya aksi jual investor asing.Kami memperkirakan IHSG bergerak mixed cenderung negatif hari ini.

Stock Closing Rec. S2 S1 R1 R2
BDMN 6,850 Sell on Strength 6,500 6,700 7,000 7,300
ICBP 8,725 Buy on Weakness 8,575 8,700 9,125 9,275
PTBA 2,930 Sell on Strength 2,630 2,800 3,060 3,270
SCMA 2,880 Trading Buy 2,540 2,620 2,900 2,98

Daily Research 14 March 2018

S2 S1 IDX R1 R2
6,279.5 6,353.7 6,412.8 6,550.6 6,635.3
  • Dow Jones closed 0.7% lower at 25,007 as investors concern on US President’s terminate Tillerson and Quallcom blockage from Broadcom acquisition.
  • Regional market traded sideways with negative tendency this morning.
  • IHSG Closed the session lower near support. A break below S1 may trigger further correction as foreign investors keep selling Indonesian equities.
  • We expect IDX traded mixed with negative tendency today.
BDMN

Sell on Strength

S2 S1 Level R1 R2
6,500 6,700 6,850 7,000 7,300

BDMN moved higher followed by an increasing volume but with the presence of several strong resistance that could limit upswing.

ICBP

Buy on Weakness

S2 S1 Level R1 R2
8,575 8,700 8,725 9,125 9,275

ICBP ended the trading negatively near diagonal support area with a thin volume that could dampen a further downside movement.

PTBA

Sell on Strength

S2 S1 Level R1 R2
2,630 2,800 2,930 3,060 3,270

PTBA was in the negative side followed by a bearish engulfing indicating a further downside potential.

SCMA

Trading Buy

S2 S1 Level R1 R2
2,540 2,620 2,880 2,900 2,980

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

Daily Research 05 July 2017

S2 S1 IDX R1 R2
5,749.6 5,792.9   5,865.4 5,930.0 5,970.0
  • Dow Jones closed to celebrate Independence Day. Regional bourses traded relatively lower this morning.
  • IDR traded lower yesterday with candlestick formed bearish harami pattern just one day after booked fresh all-time high last Monday.
  • We expect IDX to trade mixed with negative tendency today.BBRI closed a session higher with a high volume but closed in its diagonal resistance and near overbought RSI trend that could limit the upswing.
AKRA

Speculative Buy

S2 S1 Level R1 R2
6,125 6,275 6,300 6,500 6,700

AKRA was in the negative side but a position near its horizontal support suggesting a limited downside potential.

BDMN

Sell on Strength

S2 S1 Level R1 R2
4,520 4,700 4,830 5,050 5,300

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

JSMR

Sell on Strength

S2 S1 Level R1 R2
5,150 5,300 5,475 5,525 5,650

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

PTPP

Sell on Strength

S2 S1 Level R1 R2
2,900 3,080 3,360 3,440 3,580

PTPP ended the trading positively near its diagonal resistance with a thin volume and near its overbought RSI trend that could limit the upswing.

* 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.