Daily Research 11 August 2017

S2 S1 IDX R1 R2
5,749.3 5,780.6   5,825.9 5,865.4 5,910.2
  • Dow Jones closed 204.69 point lower at 21,844 levels on rising geopolitical risks on North Korea. Most European bourses closed lower yesterday.
  • Regional bourses opened lower this morning.
  • IDX’s candlestick formed doji pattern and closed on strong diagonal resistance line.
  • We expect IDX to trade negative today.
ASRI

Sell on strength

S2 S1 Level R1 R2
336 347 356 368 380

ASRI ended the trading in the weak side with a formation dark cloud cover suggesting a further downturn.

BJBR

Sell on Strength

S2 S1 Level R1 R2
2,400 2,610 2,840 3,040 3,280

BJBR still continue higher with a thin volume and overbought RSI trend that could limit the upside turn.

MEDC

Trading buy

S2 S1 Level R1 R2
2,260 2,500 2,820 2,940 3,150

MEDC closed the session higher with a long white candle pattern also supported by a high volume indicating another upside potential.

PGAS

Trading Buy

S2 S1 Level R1 R2
2,020 2,130 2,210 2,260 2,370

PGAS closed the session higher above its 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 11 August 2017

Dow Jones turun 204.69 poin ditutup pada level 21,844 seiring naiknya ketegangan geopolitik global atas Korea Utara. Bursa regional diperdagangkan cenderung turun pagi ini. Candlestick IHSG membentuk pola doji dan terlihat sulit melanjutkan kenaikan. Kami memperkirakan IHSG bergerak cenderung menurun akhir pekan ini.

Stock Closing Rec. S2 S1 R1 R2
ASRI 356 Sell on Strength 336 347 368 380
BJBR 2,840 Sell on Strength 2,400 2,610 3,040 3,280
MEDC 2,820 Trading Buy 2,260 2,500 2,940 3,150
PGAS 2,210 Trading Buy 2,020 2,130 2,260 2,370

*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 08 August 2017

S2 S1 IDX R1 R2
5,606.7 5,726.5   5,777.5 5,792.8 5,849.5
  • Dow Jones closed 25.6 point higher at fresh new high 22,118.4 levels backed by Boeing and Goldman Sachs stocks.
  • Regional bourses traded mixed with positive tendency this morning.
  • IDX traded down below its recent low, and thus it may send some negative sentiments today.
  • We expect IDX to trade negative today as investors tend to “wait and see” more economic data to be released by the central bank this week.
BJBR

Trading buy

S2 S1 Level R1 R2
1,960 2,070 2,250 2,450 2,700

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

MIKA

Sell on strength

S2 S1 Level R1 R2
2,060 2,180 2,260 2,360 2,520

MIKA was in the negative side with a bearish engulfing pattern after failing to break its recent high suggesting another weak potential.

SCMA

Buy on weakness

S2 S1 Level R1 R2
2,170 2,520 2,300 2,410 2,540

SCMA moved down during the last several days with an increasing volume but with the presences of several supports that could slow down the downturn.

SMGR

Sell on Strength

S2 S1 Level R1 R2
9,850 10,200 10,575 10,700 11,225

SMGR managed to take a favorable turn with a bullish engulfing pattern but with a closer near horizontal resistance possibly limiting the upside opportunity

* 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 08 August 2017

Dow Jones naik 25.6 poin ditutup pada level tertinggi baru 22,118.4 didukung saham Boeing dan Goldman Sachs. Bursa regional diperdagangkan mixed cenderung positif pagi ini. IHSG turun kemarin ditutup dibawah level terendah sebelumnya sehingga berpotensi melanjutkan penurunan hari ini. Inevstor masih terlihat mencermati data 2Q 2017 GDP kemarin dan masih menunggu rilis data-data ekonomi yang akan diluncurkan BI minggu ini. Kami memperkirakan IHSG bergerak cenderung menurun hari ini.

Stock Closing Rec. S2 S1 R1 R2
BJBR 2,250 Trading Buy 1,960 2,070 2,450 2,700
MIKA 2,260 Sell on Strength 2,060 2,180 2,360 2,520
SCMA 2,300 Buy on weakness 2,170 2,280 2,410 2,540
SMGR 10,575 Sell on Strength 9,850 10,020 10,575 11,225

*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 July 2017

S2 S1 IDX R1 R2
5,694.9 5,749.6   5,814.8 5,910.2 5,950.0
  • Dow Jones closed 94.3 point higher at 21,414.3 levels last Friday.
  • Global investors tend to wait and see the effect of rising global bond yield, which boost US$ index. As the result, crude oil price traded lower around US$ 44.2 per barrel this morning.
  • IDX traded lower near its strong diagonal support line. A break below the line may trigger major correction.
  • We expect IDX to trade negative today as investors realize profits.
BJBR

Speculative Buy

S2 S1 Level R1 R2
1,745 1,960 2,040 2,240 2,450

BJBR closed the session lower in its long term diagonal support with a thin volume that could dampen a further downside movement.

JSMR

Sell on Strength

S2 S1 Level R1 R2
4,940 5,125 5,275 5,425 5,650

JSMR took a deep downturn with a long black candle and a break a support of an uptrend channel indicating a further down trend.

PGAS

Buy on Weakness

S2 S1 Level R1 R2
2,190 2,290 2,340 2,430 2,540

PGAS took a negative step followed by a formation of a bearish engulfing yesterday suggesting a further weak sign.

WIKA

Speculative Buy

S2 S1 Level R1 R2
2,100 2,180 2,200 2,330 2,400

WIKA ended trading negatively near its horizontal support with a thin volume suggesting a limited downside 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 10 July 2017

Dow Jones naik 94.3 poin ditutup pada level 21,414.3 akhir pekan lalu. Sentimen bursa global masih dirasa negatif seiring kenaikan tingkat imbal hasil (yield) obligasi negara maju. Yield obligasi 10 tahun Pemerintah Amerika naik 0.97% hari Jumat menjadi 2.39%. Kecenderungan penguatan US$, yang dipicu naiknya yield, menekan harga minyak dunia pada kisaran US$ 44.2 pagi ini. IHSG turun mendekati garis diagonal support kuat. Penembusan ke bawah garis tersebut berpotensi memicu koreksi pasar yang cukup besar. Kami memperkirakan IHSG bergerak cenderung menurun hari ini seiring aksi profit taking investor.

Stock Closing Rec. S2 S1 R1 R2
BJBR 2,040 Speculative Buy 1,745 1,960 2,240 2,450
JSMR 5,275 Sell on Strength 4,940 5,125 5,425 5,650
PGAS 2,340 Buy on Weakness 2,190 2,290 2,430 2,540
WIKA 2,200 Speculative Buy 2,100 2,180 2,330 2,400

*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 29 May 2017

S2 S1 IDX R1 R2
5,590.5 5,643.5   5,716.8 5,770.6 5,837.2
  • Dow Jones closed 2.7 point lower at 21,080.3 levels last Friday ahead of long holiday as the US market closed for Memorial Day today.
  • Regional bourses traded sideways this morning after north Korea test ballistic missile.
  • IDX closed at its short term diagonal support line. A break below that line, or below 5,703 levels, may trigger further market correction.
  • We expect IDX to trade mixed with negative tendency today.
BJBR

Trading Buy

S2 S1 Level R1 R2
1,745 1,890 2,240 2,330 2,510

BJBR has a chance to continue rally after ended trading with high volume. The rally will valid if BJBR break above recent high level (R1).

ITMG

Trading Buy

S2 S1 Level R1 R2
14,325 15,150 16,000 16,800 17,950

ITMG moved rather positively supported by a high enough volume that could create the opportunity to break its resistance.

KLBF

Buy on Weakness

S2 S1 Level R1 R2
1,385 1,450 1,505 1,565 1,630

SILO ended the trading negatively near its long term diagonal support without volume that could dampen further downside movement.

PTPP

Sell on Strength

S2 S1 Level R1 R2
2,840 3,040 3,200 3,260 3,440

PTPP ended the trading higher but with a close near its diagonal resistance that could limit 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.