Daily Research 07 March 2018

S2 S1 IDX R1 R2
6,353.7 6,429.7 6,500.1 6,635.3 6,689.3
  • European and American market traded mixed and managed to closed positive yesterday with Dow Jones up only by 9.4 points at 24,884 as debate continues over tariffs proposed by the US President.
  • Regional market opened negative this morning.
  • IDX closed lower at its “neckline” of double top pattern. A break below 6,478 may trigger further correction as foreign investors keep selling Indonesian equities.
  • We expect IDX trade mixed with negative tendency today.
BBTN

Sell on Strength

S2 S1 Level R1 R2
3,460 3,600 3,720 3,840 4,000

BBTN was in the negative side with a bearish engulfing pattern suggesting a further downside movement.

BSDE

Hold

S2 S1 Level R1 R2
1,720 1,760 1,785 1,845 1,875

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

INCO

Speculative Buy

S2 S1 Level R1 R2
2,760 2,920 3,070 3,250 3,430

INCO ended the trading negatively near diagonal support area with a thin volume and near oversold RSI trend that could dampen a further downside movement.

UNVR

Sell on Strength

S2 S1 Level R1 R2
50,000 51,325 52,525 53,800 55,000

UNVR moved down with a long black candle formation and a high volume indicating another downside potential.

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Daily Research 01 March 2018

S2 S1 IDX R1 R2
6,429.7 6,505.5 6,597.2 6,635.3 6,689.5
  • Dow Jones closed 1.5% lower at 25,029. Regional¬† market opened lower this morning clouded by weak European and US market sessions.
  • US Dollar Index increase triggered correction in crude oil price and Rupiah depreciation as it trade around IDR 13,740 per US$ this morning.
  • IDX closed near short term diagonal support line.
  • We expect IDX to trade mixed with lower tendency today.
BSDE

Trading Buy

S2 S1 Level R1 R2
1,720 1,840 1,935 2,000 2,100

BSDE closed the session higher with long white candle pattern after break above horizontal resistance with higher volume indicating another upside potential.

PNLF

Trading Buy

S2 S1 Level R1 R2
249 264 276 290 302

PNLF was in the positive side after decline a few days suggesting another upside opportunity.

MEDC

Sell on Strength

S2 S1 Level R1 R2
1,365 1,460 1,575 1,600 1,650

MEDC closed the session higher in diagonal resistance area with overbought RSI trend that could limit the upside turn.

UNTR

Hold

S2 S1 Level R1 R2
34,000 35,400 35,600 38,200 39,200

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

Kiwoom Trader 01 March 2018


Bursa Eropa dan Amerika ditutup negatif dengan Dow Jones turun 1.5% pada level 25,029. Bursa regional dibuka menurun pagi ini dibayangi sentimen pasar Eropa dan Amerika. Kenaikan US Dollar Index memicu koreksi harga minyak dunia serta depresiasi kurs dimana Rupiah diperdagangkan pada kisaran Rp 13,740 per US$ pagi ini. IHSG diperdagangkan dekat dengan garis diagonal support jangka pendek. Kami memperkirakan IHSG bergerak mixed cenderung menurun hari ini.

Stock Closing Rec. S2 S1 R1 R2
BSDE 1,935 Trading Buy 1,720 1,840 2,000 2,100
MEDC 1,575 Sell on Strength 1,365 1,460 1,600 1,650
PNLF 276 Trading Buy 249 264 290 302
UNTR 35,600 Hold 34,000 35,400 38,200 39,200

*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,

Kiwoom Trader 23 February 2018


Bursa Eropa bergerak mixed namun Dow Jones diperdagangkan positif dengan kenaikan 0.7% pada level 24,962 seiring turunnya tingkat imbal hasil (yield) obligasi Pemerintah Amerika. US Dollar Index ditutup pada level 89.7 menekan kurs Rupiah yang bergerak pada kisaran Rp 13,675 per US$ pagi ini. Bursa regional dibuka cenderung positif pagi ini. IHSG kembali menurun dibayangi aksi profit taking investor menjelang akhir pekan. Kami memperkirakan IHSG diperdagangkan pada kisaran negatif hari ini.

Stock Closing Rec. S2 S1 R1 R2
BSDE 1,760 Speculative Buy 1,710 1,740 1,820 1,845
ITMG 30,525 Trading Buy 28,300 29,175 31,300 32,000
MEDC 1,460 Sell on Strength 1,240 1,315 1,500 1,550
UNTR 35,875 Hold 34,000 35,400 38,200 39,200

*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 23 February 2018

S2 S1 IDX R1 R2
6,478.5 6,545.0 6,593.1 6,689.5 6,750.0
  • Dow Jones closed 0.7% higher at 24,962 as US Government bond yield retreat from its high levels.
  • US Dollar Index closed at 89.7 triggered Rupiah depreciation which traded around IDR 13,675 per US$ this morning.
  • Regional market opened positive this morning however IDX positive trend is vulnerable to profit taking actions ahead of weekend.
  • We expect IDX to trade negative today.
BSDE

Speculative Buy

S2 S1 Level R1 R2
1,710 1,740 1,760 1,820 1,845

BSDE ended the trading negatively near its diagonal support with a thin volume suggesting a limited downside potential.

ITMG

Trading Buy

S2 S1 Level R1 R2
28,300 29,175 30,525 31,300 32,000

ITMG closed the session higher with bullish engulfing pattern and followed by high enough volume indicating another upside potential.

MEDC

Sell on Strength

S2 S1 Level R1 R2
1,240 1,315 1,460 1,500 1,550

MEDC closed the session higher with higher volume but closing near its diagonal support area and overbought RSI trend that could limit the upswing.

UNTR

Hold

S2 S1 Level R1 R2
34,000 35,400 35,875 38,200 39,200

UNTR ended the trading negatively with high enough volume. A further downside would remain possible if UNTR break its long term diagonal support may trigger price correctio

Daily Research 02 February 2018

S2 S1 IDX R1 R2
6,444.5 6,538.0 6,598.5 6,680.6 6,750.0
  • Dow Jones closed 37.3 point higher at 26,186.7 while EIDO slipped 0.9% at 29.53 backed by concerns of potential rate hike triggered by rising US Government bond yield.
  • US Dollar Index closed below 89 trigger higher crude oil price which traded above US$ 66 per barrel this morning.
  • Regional market traded mixed this morning ahead of weekend.
  • IDX’s candlestick formed dark cloud cover which may lead to a price correction
  • With continuation of foreign net sell we expect IDX to trade lower today.
AKRA

Sell

S2 S1 Level R1 R2
5,450 5,700 6,000 6,250 6,450

AKRA moved negatively with a long black candle followed by a high volume and also break on its horizontal support suggesting a further downside potential.

BEST

Trading Buy

S2 S1 Level R1 R2
284 296 316 328 336

BEST closed the session higher with long white candle  pattern after break above resistance line with high enough volume indicating another upside potential.

BSDE

Sell on Strength

S2 S1 Level R1 R2
1,770 1,825 1,875 1,905 2,000

BSDE closed the session higher with a high volume but with a close near its horizontal resistance that could slow down the upswing.

ERAA

Sell on Strength

S2 S1 Level R1 R2
780 815 850 880 910

ERAA closed the session higher near its recent high with a thin 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 02 February 2018


Pasar Eropa dan Amerika bergerak volatil. Dow Jones berhasil ditutup naik 37.3 poin pada level 26,186.7 namun EIDO turun 0.9% pada level 29.53 seiring berlanjutnya kekuatiran investor atas potensi kenaikan suku bunga dipicu kenaikan yield obligasi Pemerintah Amerika. US Dollar Index turun ke bawah level 89 memicu penguatan minyak mentah yang naik diatas level US$ 66 per barrel. Bursa regional bergerak mixed pagi ini menjelang libur akhir pekan. Candlestick IHSG membentuk pola dark cloud cover. Dengan dukungan aksi jual investor asing kami memperkirakan IHSG bergerak cenderung menurun hari ini.

Stock Closing Rec. S2 S1 R1 R2
AKRA 6,000 Sell 5,450 5,700 6,250 6,450
BEST 316 Trading Buy 284 296 328 336
BSDE 1,875 Sell on Strength 1,770 1,825 1,905 2,000
ERAA 850 Sell on Strength 780 815 880 910

*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,