Daily Research 24 May 2017

S2 S1 IDX R1 R2
5,643.5 5,697.1   5,730.6 5,791.8 5,837.2
  • Dow Jones closed 0.2% higher at 20,937.9 level ahead of FOMC meeting minute release.
  • Regional bourses traded positive this morning. Oil price steady at US$ 51 per barrel ahead of OPEC meeting.
  • Technical correction pushed IDX lower as investors lock their profits. IDX look intact with its strong uptrend channel. EIDO closed 0.77% lower at 27 levels on Tuesday.
  • We expect IDX to trade mixed with positive tendency today.
ADRO

Trading Buy

S2 S1 Level R1 R2
1,305 1,410 1,475 1,535 1,625

ADRO managed to moved up in a thin range with bullish harami formation suggesting a further upside opportunity.

AKRA

Sell on Strength

S2 S1 Level R1 R2
6,050 6,200 6,350 6,575 6,700

AKRA ended the trading negatively with a bearish engulfing pattern and break to its diagonal support with high enough volume may trigger price correction.

BMRI

Buy on Weakness

S2 S1 Level R1 R2
11,525 11,975 12,250 12,525 13,275

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

INDF

Sell on Strength

S2 S1 Level R1 R2
8,300 8,525 8,800 8,900 9,150

INDF closed the session higher in its diagonal resistance without volume and 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.

Kiwoom Trader 24 May 2017

Dow Jones naik 0.2% ditutup pada level 20,937.6 menjelang rilis notulen rapat FOMC. Bursa regional pagi ini diperdagangkan positif. EIDO turun 0.77% ditutup pada level 27 hari Selasa. Harga minyak stabil pada kisaran US$ 51 per barrel menjelang pertemuan OPEC untuk membahas kesepakatan perpanjangan pembatasan produksi hingga Maret 2018. IHSG kembali mengalami tekanan jual seiring aksi profit taking investor namun masih dalam tren naik yang cukup kuat. Kami memperkirakan IHSG bergerak mixed cenderung positif atas potensi teknikal rebound serta dukungan sentimen positif bursa regional pagi ini.

Stock Closing Rec. S2 S1 R1 R2
ADRO 1,475 Trading Buy 1,305 1,410 1,535 1,625
AKRA 6,350 Sell on Strength 6,050 6,200 6,575 6,700
BMRI 12,250 Buy on Weakness 11,525 11,975 12,525 13,275
INDF 8,800 Sell on Strength 8,300 8,525 8,900 9,150

*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 22 May 2017

S2 S1 IDX R1 R2
5,577.5 5,622.9   5,791.9 5,850.0 5,900.0
  • Dow Jones closed 141.8 point higher (+0.7%) at 20,804.8 levels last Friday.
  • Regional bourses traded positive this morning despite North Korea missile test launched yesterday.
  • IDX closed sharply higher last Friday backed by positive rating upgrade from Standard & Poor’s. IDX closed at strong diagonal resistance line. IDX may
    continue its strong positive momentum if able to break above that line.
  • We expect IDX to trade on positive territory today.
BMRI

Sell on Strength

S2 S1 Level R1 R2
11,700 12,000 12,900 13,275 13,500

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

GGRM

Sell on Strength

S2 S1 Level R1 R2
70,000 72,000 76,500 77,100 78,500

GGRM ended the trading higher without volume and open gap up with an overbought RSI trend that could limit the upswing.

ICBP

Sell on Strength

S2 S1 Level R1 R2
8,425 8,675 9,100 9,350 9,575

ICBP ended the trading higher in its diagonal resistance without volume and overbought RSI trend that could limit the upswing.

SMRA

Trading Buy

S2 S1 Level R1 R2
1,155 1,200 1,325 1,375 1,420

SMRA closed the session positive above its diagonal resistance after on a weak trend in the last 4 days creating a technical rebound.

* 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 22 May 2017

Dow Jones naik 141.8 point (+0.7%) ditutup pada level 20,804.8 akhir pekan lalu. Bursa kawasan regional diperdagangkan positif pagi ini kendati dibayangi sentimen peluncuran rudal Korea Utara kemarin. EIDO naik 5.4% hari Jumat pada level 27.39 didukung sentimen positif rating upgrade Standard & Poors. Kami memperkirakan IHSG kembali bergerak positif hari ini.

Stock Closing Rec. S2 S1 R1 R2
BMRI 12,900 Sell on Strength 11,700 12,000 13,275 13,500
GGRM 76,500 Sell on Strength 70,000 72,000 77,100 78,500
ICBP 9,100 Sell on Strength 8,425 8,675 9,350 9,575
SMRA 1,325 Trading Buy 1,155 1,200 1,375 1,420

*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 09 May 2017

S2 S1 IDX R1 R2
5,627.9 5,680.8   5,707.9 5,750 5,790
  • Dow Jones closed 5.3 point higher at 21,012.2 levels as investors digest the result of French Presidential election.
  • Regional bourses traded mixed this morning.
  • IDX closed higher yesterday but its candlestick formed an upside gap with inverted hammer pattern which indicates one day reversal.
  • We expect IDX to trade in negative territory today as investor realize profits.
BJTM

Sell on Strength

S2 S1 Level R1 R2
640 670 705 730 750

BJTM moved higher with a long white candle pattern but with the presences of several resistance that could limit the upswing.

BMRI

Sell on Strength

S2 S1 Level R1 R2
11,700 11,900 12,050 12,300 12,500

BMRI closed the session negative with a shooting star pattern also supported by a high enough volume indicating a further downturn.

BMTR

Buy on Weakness

S2 S1 Level R1 R2
555 595 620 680 770

BMTR took a weak turn but with a thin volume and the presences of several supports that could expectedly slow down the downswing.

JPFA

Speculative Buy

S2 S1 Level R1 R2
1,115 1,200 1,265 1,365 1,425

JPFA ended the trading n e gatively in its diagonal support without 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.

Kiwoom Trader 09 May 2017

Dow Jones naik 5.3 poin ditutup pada level 21,012.2 seiring langkah investor menganalisa hasil pemilihan Presiden Perancis. Bursa kawasan Eropa cenderung menurung seiring langkah investor merealisasikan keuntungan. Bursa regional pagi ini diperdagangkan mixed. IHSG ditutup naik pada perdagangan kemarin namun candlestick membentuk upside gap dengan pola inverted hammer yang mengindikasikan IHSG rentan koreksi. Kami memperkirakan IHSG bergerak cenderung menurun seiring langkah profit taking investor hari ini.

Stock Closing Rec. S2 S1 R1 R2
BJTM 705 Sell on Strength 640 670 730 750
BMRI 12,050 Sell on Strength 11,700 11,900 12,300 12,500
BMTR 620 Buy on Weakness 555 595 680 770
JPFA 1,265 Speculative Buy 1,115 1,200 1,365 1,425

*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 17 April 2017

S2 S1 IDX R1 R2
5,552.7 5,592.2   5,616.5 5,662.7 5,700
  • Dow Jones and European bourses closed on God Friday. Dow Jones closed 0.67% lower last Thursday at 20,453.2 levels.
  • IDX’s candlestick formed bearish engulfing pattern last Thursday which indicates further negative pressure today.
  • We expect IDX to trade negative today.
ACST

Sell on Strength

S2 S1 Level R1 R2
2,900 3,020 3,190 3,250 3,360

ACST closed the session higher with high volume while closed near its horizontal resistance and overbought RSI trend that could limit the upswing.

AKRA

Sell on Strength

S2 S1 Level R1 R2
6,125 6,350 6,550 6,700 6,925

AKRA moved higher with a long white candle pattern but with the presences of several resistances that could slow the upswing.

BMRI

Speculative Buy

S2 S1 Level R1 R2
11,300 11,550 11,650 11,900 12,225

BMRI ended the trading negatively near in its diagonal support and without a volume that could limit the downturn.

BNGA

Sell on Strength

S2 S1 Level R1 R2
1,025 1,095 1,155 1,215 1,285

BNGA was in the negat iv e side with a bearish engulfing formation after fail to break above its diagonal resistance that trend indicating a further downturn.

* 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.