Daily Research 24 August 2017

 

S2 S1 IDX R1 R2
5,835 5,880   5,915.3 5,950 6,000
  • European market traded sideways and closed slightly negative at the end of last week while Dow Jones closed 0.14% higher and closed at 21,813.6 levels.
  • Regional market sideways this morning.
  • IDX closed at al-time high last Friday although momentum analysis revealed negative divergence.
  • In all we expect IDX to trade sideways today.
ASII

Hold

S2 S1 Level R1 R2
7,650 7,775 8,000 8,225 8,550

ASII gets technical rebound but with declining trading volume and closed at its recent high last Friday. ASII seemed making inverted flag pattern, will be valid if it break below recent low level, or S1.

BBRI

Hold

S2 S1 Level R1 R2
14,775 15,000 15,300 15,500 16,000

BBRI traded sideways near all-time high level, or R1. During the last 4 weeks BBRI traded positive but with relatively low trading volume thus make it vulnerable to profit taking actions.

BMRI

Hold

S2 S1 Level R1 R2
12,750 13,050 13,175 13,350 13,650

BMRI traded sideways within the last few weeks near its strong diagonal support line. A break below the line, which also crossed with recent low level (S1),may trigger major price correction.

TLKM

Hold

S2 S1 Level R1 R2
4,650 4,710 4,770 4,800 4,840

TLKM traded sideways near its strong diagonal support line. Since mid June TLKM traded higher but with relatively small trading volume thus make it vulnerable to profit taking actions.

* 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.

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Kiwoom Trader 28 August 2017

 

 

Bursa Eropa diperdagangkan mendatar dengan kecenderungan menurun akhir pekan lalu. Dow Jones naik 0.14% hari Jumat ditutup pada level 21,813.6. Bursa regional diperdagangkan mendatar pagi ini belum dapat memberi dukungan kepada IHSG. IHSG ditutup pada level tertinggi baru hari Jumat lalu kendati analisa momentum menunjukkan negative divergence. Kami memperkirakan IHSG bergerak mendatar hari ini.

Stock Closing Rec. S2 S1 R1 R2
ASII 8,000 Hold 7,650 7,775 8,225 8,550
BBRI 15,300 Hold 14,775 15,000 15,500 16,000
BMRI 13,175 Hold 12,750 13,050 13,350 13,650
TLKM 4,770 Hold 4,650 4,710 4,800 4,840

*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 03 August 2017

S2 S1 IDX R1 R2
5,723.6 5,771.5   5,824.2 5,865.4 5,910.2
  • Dow Jones closed 52.3 point higher at record high 22,016.2 backed by strong Apple financial results.
  • Regional bourses traded sideways this morning.
  • IDX’s candlestick made hammer pattern yesterday. Combined with previous candlestick it formed bullish harami pattern, a sign for positive trade today. However continuation of foreign investor’s net sell on the IDX may cap upside momentum.
  • In all we expect IDX to trade sideways with positive tendency today as investors tend to “wait and see” 2Q 2017 GDP data to be released next Monday.
BKSL

Sell on Strength

S2 S1 Level R1 R2
92 101 107 108 115

BKSL carried on the favorable trend but with a position near its horizontal resistance and an overbought RSI trend that could dampen the upside opportunity.

BMRI

Sell on Strength

S2 S1 Level R1 R2
12,600 13,050 13,275 13,650 14,000

BMRI moved lower with a formation of a long black candle in which suggesting a further weak potential.

GJTL

Trading Buy

S2 S1 Level R1 R2
835 910 995 1,060 1,130

GJTL closed the session higher with high enough volume and above horizontal support line indicating another upside potential.

MNCN

Buy on Weakness

S2 S1 Level R1 R2
1,505 1,575 1,625 1,735 1,800

MNCN ended the trading negatively with a thin volume and oversold RSI trend 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 03 August 2017

Dow Jones naik 52.3 poin ditutup pada level tertinggi baru 22,016.2 didukung kinerja saham Apple. Bursa regional diperdagangkan mixed pagi ini. Candlestick IHSG membentuk pola hammer dengan kombinasi bullish harami, diharapkan dapat memberi sentimen positif hari ini. Namun demikian kembali berlanjutnya aksi jual investor asing membayangi potensi penguatan. Kami memperkirakan IHSG bergerak mixed dengan kecenderungan positif hari ini ditengah aksi “wait and see” investor menunggu release data GDP 2Q 2017 minggu depan.

Stock Closing Rec. S2 S1 R1 R2
BKSL 107 Sell on Strength 92 101 108 115
BMRI 13,275 Sell on Strength 12,600 13,050 13,650 14,000
GJTL 995 Trading Buy 835 910 1,060 1,130
MNCN 1,625 Buy on Weakness 1,505 1,575 1,735 1,800

*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,

Kiwoom Trader 24 July 2017

Dow Jones turun 31.7 poin ditutup pada level 21,580.07 akhir pekan lalu seiring penurunan saham General Electric. Sebagian besar bursa kawasan Eropa juga diperdagangkan turun hari Jumat. EIDO turun 1.84% hari Jumat pada level 26.61. Harga minyak turun akhir pekan lalu kendati US Dollar Index turun ke level 93.8 seiring kenaikan Euro terhadap USD. Bursa regional dibuka turun pagi ini. IHSG turun di bawah garis diagonal support kuat hari Jumat, seiring masih berlanjutnya minat jual investor asing. Kami memperkirakan IHSG bergerak cenderung menurun hari ini.

Stock Closing Rec. S2 S1 R1 R2
BMRI 13,050 Sell 12,150 12,600 13,500 14,000
INCO 2,190 Sell on Strength 1,960 2,050 2,270 2,390
INDF 8,575 Sell on Strength 8,150 8,400 8,925 9,200
TLKM 4,560 Buy on Weakness 4,420 4,500 4,660 4,790

 

*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,

Kiwoom Trader 14 July 2017

 

Dow Jones naik 0.1% pada level 21,553.1. Yield obligasi Pemerintah Amerika Serikat dan Jerman naik seiring dimulainya pembicaraan tapering yang akan dilakukan ECB. Harga minyak cenderung naik didukung berkurangnya tingkat persediaan minyak Amerika serta kuatnya permintaan energi dari China. IHSG naik kemarin dengan upside gap serta candlestick membentuk pola hanging man. IHSG rentan mengalami koreksi hari ini ditengah masih cukup tingginya minat jual investor asing. Kami memperkirakan IHSG bergerak cenderung menurun hari ini.

Stock Closing Rec. S2 S1 R1 R2
BBTN 2,450 Sell on Strength 2,280 2,390 2,560 2,680
BMRI 13,400 Sell on Strength 12,500 12,900 13,500 14,100
ITMG 19,675 Sell on Strength 17,300 18,650 20,450 21,550
SCMA 2,280 Speculative Buy 2,130 2,220 2,450 2,540

*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 06 July 2017

S2 S1 IDX R1 R2
5,749.6 5,792.9   5,825.1 5,910.2 5,950.0
  • Dow Jones closed 1.1 point lower at 21,478.17 levels after minutes of meeting showed Fed’s concerns over the impact of series of rate hikes to the market.
  • Regional bourses traded relatively negative this morning as oil slipped 3% overnight, closed at US$ 45.6 per barrel this morning.
  • IDX traded lower yesterday after failed to break strong diagonal resistance line. We expect IDX to trade on negative territory today.
AALI

Sell on Strength

S2 S1 Level R1 R2
14,200 14,650 15,200 15,500 15,950

AALI closed the session higher with a high volume but closed near its overbought RSI Trend that could limit the upswing.

BMRI

Sell on Strength

S2 S1 Level R1 R2
12,250 12,900 13,325 13,500 14,000

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

GJTL

Speculative Buy

S2 S1 Level R1 R2
935 995 1,005 1,060 1,160

GJTL closed the session down near its short term diagonal support indicating a limited downside potential.

WTON

Speculative Buy

S2 S1 Level R1 R2
560 585 605 640 665

WTON ended the trading negatively in its diagonal support with a thin volume and oversold RSI Trend that could dampen a further 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.