Daily Research 27 Juni 2018

S2	S1	IDX	R1	R2
5,664.5	5,780.9	5,825.6	5,946.5	6,068.3

• European and American market traded mixed as the market digest global trade issues. Dow Jones gained 0.1% at 24,283.1 as General Electric shares rebound.
• Regional market traded sideways today.
• Crude oil price rise above US$ 70 per barrel backed by strong global demand.
• IDX’s candlestick formed shooting star pattern near recent low level at 5,821. A break below would trigger further price correction.
• We expect IDX to trade lower today as investor tend to wait and see further development of global trade issue and results of regional election today.

ASII	Trading Buy
S2	S1	Level	R1	R2
6,250	6,525	6,700	6,950	7,225

ASII ended the session higher with a bullish engulfing suggesting a favorable potential.

CPIN	Sell on Strength
S2	S1	Level	R1	R2
3,460	3,580	3,720	3,840	3,950

CPIN closed the session higher near resistance with a thin volume that could limit the upswing.

ITMG	Buy on Weakness
S2	S1	Level	R1	R
21,175	22,350	22,775	24,100	25,525

ITMG remain in the weak side during a few days in a row. A weak potential would carry on its recent low and support are broken down.

KRAS	Trading Buy
S2	S1	Level	R1	R2
426	448	500	525	550

KRAS closed the session higher after break above diagonal resistance with higher volume indicating another upside potential.

Kiwoom Trader 27 Juni 2018

Bursa Eropa dan Amerika bergerak mixed seiring kekuatiran pasar atas perang dagang global. Dow Jones naik 0.1% pada level 24,283.1 seiring rebound saham General Electric. Bursa regional bergerak mendatar pagi ini. Harga minyak mentah dunia naik diatas level US$ 70 per barrel didukung tingginya permintaan global. Candlestick IHSG membentuk pola shooting star dekat level terendah sebelumnya pada 5,821. Penembusan ke bawah level tersebut berpotensi memicu koreksi lanjutan. Kami memperkirakan IHSG bergerak cenderung menurun hari ini seiring aksi investor menunggu perkembangan isu perdagangan global serta hasil Pilkada 27 Juni.

Stock	Closing	Rec.	S2	S1	R1	R2
ASII	6,700	Trading Buy	6,250	6,525	6,950	7,225
CPIN	3,720	Sell On Strenghth	3,460	3,580	3,840	3,950
ITMG	22,775	Buy on Weakness	21,175	22,350	24,100	25,525
KRAS	500	Trading Buy	426	448	525	550

Daily Research 21 Juni 2018

S2	S1	IDX	R1	R2

• Global market traded lower before Indonesian market open today as investor concerns over global trade war caused by US trade policies to China and EU.
• EIDO dropped 7.6% during long Lebaran holiday from 25.78 at the closing of 7 June in US market to 23.82 at the closing of 19 June.
• Global commodity prices dropped on trade war issues.
• We expect IDX to trade lower today as adjustments after long Lebaran holiday as global issues, mainly trade war ignited by US trade policies and rising global interest rates, caused negative sentiment to the overall market.

ANTM	Buy On Weakness
S2	S1	Level	R1	R2
810	850	880	905	945

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

BBCA	Sell on Strength
S2	S1	Level	R1	R2
20,350	21,050	21,500	21,950	22,250

BBCA ended the trading negatively with long black candle pattern followed by higher volume indicating a further downturn.

CPIN	Hold
S2	S1	Level	R1	R
3,310	3,430	3,800	3,840	3,950

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

PTBA	Speculative Buy
S2	S1	Level	R1	R2
3,830	3,950	4,240	4,300	4,400

PTBA closed the session higher after break above diagonal resistance with high enough volume indicating another upside potential.

Kiwoom Trader 21 Juni 2018

Bursa kawasan Eropa bergerak mixed dengan Dow Jones turun 0.2% pada level 24,657.8 seiring kecenderungan investor menunggu realisasi kebijakan perdagangan Amerika terhadap China dan Eropa. Harga minyak dunia mixed menjelang pertemuan OPEC untuk membahas tingkat produksi. Bursa regional bergerak mixed dengan AORD naik 0.8%, Nikkei naik 0.1%, dan Kospi turun 0.2% pagi ini. IHSG mengalami koreksi tajam kemarin sebagai penyesuaian terhadap pergerakan bursa global setelah libur panjang Lebaran. Kami memperkirakan IHSG bergerak mixed cenderung menurun hari ini seiring masih tingginya aksi jual investor asing.

Stock	Closing	Rec.	S2	S1	R1	R2
ANTM	880	Buy on Weakness	810	850	905	945
BBCA	21,500	Sell on Strength	20,350	21,050	21,950	22,250
CPIN	3,800	Hold	3,310	3,430	3,840	3,950
PTBA	4,240	Speculative Buy	3,830	3,950	4,300	4,400

Daily Research 28 Mei 2018

S2	S1	IDX	R1	R2
5,783.3	5,783.3	5,975.7	6,079.9	6,178.7

• Dow Jones closed 0.2% lower at 24,753 as world oil prices are drop again and gives the pressure to the energy sector shares. Saudi Arabia and Russia discuss an increase in oil production of around 1 million barrels per day.
• Regional market traded mixed this morning due to lack of positive catalyst.
• IDX’s candlestick formed inverted hammer pattern last Friday which indicate existence of selling pressure.
• However we expect IDX to trade mixed today as investor tends to take profits. Rupiah depreciation and weak bond market also limit IDX’s positive momentum today.

BBNI	Sell on Strength
S2	S1	Level	R1	R2
7,125	7,500	7,975	8,200	8,650

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

BTPN	Trading Buy
S2	S1	Level	R1	R2
3,080	3,190	3,530	3,590	3,690

BTPN closed the session higher with long white candle pattern after break above previous recent high with higher volume indicating another upside potential.

CPIN	Sell on Strength
S2	S1	Level	R1	R
3,430	3,540	3,750	3,840	3,950

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

INTP	Sell on Strength
S2	S1	Level	R1	R2
16,700	17,500	18,450	18,800	19,600

INTP closed the session higher with long white candle pattern but with a thin and a presence of its several resistance level that could limit the upside turn.

Kiwoom Trader 28 Mei 2018

Dow Jones turun 0.2% pada level 24,753 seiring penurunan harga minyak dunia yang kembali menekan saham sektor energi. Arab Saudi dan Rusia mendiskusikan kenaikan produksi minyak sekitar 1 juta barel per hari. Bursa regional diperdagangkan mixed pagi ini seiring sepinya sentimen penggerak pasar. Candlestick IHSG membentuk pola inverted hammer akhir pekan lalu setelah mengalami rebound, mengindikasikan masih adanya tekanan jual investor. Secara keseluruhan kami memperkirakan IHSG bergerak mixed dimana pergerakan IHSG juga akan dibayangi aksi profit taking investor. Depresiasi kurs Rupiah serta masih tertekannya pasar obligasi turut membatasi pergerakan IHSG hari ini.

Stock	Closing	Rec.	S2	S1	R1	R2
BBNI	7,975	Sell on Strength	7,125	7,500	8,200	8,650
BTPN	3,530	Trading Buy	3,080	3,190	3,590	3,690
CPIN	3,750	Sell on Strength	3,430	3,540	3,840	3,950
INTP	18,450	Sell on Strength	16,700	17,500	18,800	19,600

Yuk Nabung Saham

Bursa Eropa diperdagangkan menurun namun Dow Jones berhasil naik 5 poin ditutup pada level 23,930 setelah mengalami penurunan 400 poin pada sesi pembukaan. Investor dibayangi sentimen kenaikan tingkat bunga global. Bursa regional diperdagangkan mixed dengan kecenderungan menurun pagi ini. IHSG turun kemarin seiring meningkatnya kekuatiran investor atas depresiasi kurs Rupiah serta potensi kenaikan tingkat bunga global. Kami memperkirakan IHSG bergerak mixed hari ini memasuki akhir pekan dimana beberapa saham penggerak pasar telah memasuki teritori jenuh jual (oversold).

Stock	Closing	Rec.	S2	S1	R1	R2
BBCA	22,300	Sell on  Strength	21,500	22,100	23,150	23,500
BRPT	2,350	Hold	2,240	2,310	2,480	2,540
CPIN	3,720	Sell on  Strength	3,470	3,570	3,840	3,950
WIKA	1,460	Sell on  Strength	1,275	1,350	1,550	1,605

 

Daily Research 4 Mei 2018

S2	S1	IDX	R1	R2
5,766.1	5,841.1	5,858.7	6,035.5	6,134.0

• Dow Jones closed 5 points higher at 23,930 after 400 points drop on early trading session. Global investor concerns of rising treasury yields.
• Regional market traded mixed with negative tendency this morning.
• IDX traded sharply lower yesterday as investor concerns of Rupiah depreciation and rising global interest rates.
• In all we expect IDX to trade mixed ahead of weekend as index mover stocks entered oversold territories.

BBCA	Sell on Strength
S2	S1	Level	R1	R2
21,500	22,100	22,300	23,150	23,500

BBCA ended the trading negatively with bearish harami pattern and followed by higher volume after fail to break above its diagonal resistance indicating a further downturn.

BRPT	Hold
S2	S1	Level	R1	R2
2,240	2,310	2,350	2,480	2,540

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

CPIN	Sell on Strength
S2	S1	Level	R1	R2
3,470	3,570	3,720	3,840	3,950

CPIN was in the negative side with a dark cloud cover pattern indicating a further downside potential.

WIKA	Sell on Strength
S2	S1	Level	R1	R2
1,275	1,350	1,460	1,550	1,605

WIKA took a deep downturn after break below its supports with high enough volume indicating a further downturn.

Daily Research 4 Mei 2018

S2	S1	IDX	R1	R2
5,766.1	5,841.1	5,858.7	6,035.5	6,134.0

• Dow Jones closed 5 points higher at 23,930 after 400 points drop on early trading session. Global investor concerns of rising treasury yields.
• Regional market traded mixed with negative tendency this morning.
• IDX traded sharply lower yesterday as investor concerns of Rupiah depreciation and rising global interest rates.
• In all we expect IDX to trade mixed ahead of weekend as index mover stocks entered oversold territories.

BBCA	Sell on Strength
S2	S1	Level	R1	R2
21,500	22,100	22,300	23,150	23,500

BBCA ended the trading negatively with bearish harami pattern and followed by higher volume after fail to break above its diagonal resistance indicating a further downturn.

BRPT	Hold
S2	S1	Level	R1	R2
2,240	2,310	2,350	2,480	2,540

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

CPIN	Sell on Strength
S2	S1	Level	R1	R2
3,470	3,570	3,720	3,840	3,950

CPIN was in the negative side with a dark cloud cover pattern indicating a further downside potential.

WIKA	Sell on Strength
S2	S1	Level	R1	R2
1,275	1,350	1,460	1,550	1,605

WIKA took a deep downturn after break below its supports with high enough volume indicating a further downturn.

Kiwoom Trader 4 Mei 2018

Bursa Eropa diperdagangkan menurun namun Dow Jones berhasil naik 5 poin ditutup pada level 23,930 setelah mengalami penurunan 400 poin pada sesi pembukaan. Investor dibayangi sentimen kenaikan tingkat bunga global. Bursa regional diperdagangkan mixed dengan kecenderungan menurun pagi ini. IHSG turun kemarin seiring meningkatnya kekuatiran investor atas depresiasi kurs Rupiah serta potensi kenaikan tingkat bunga global. Kami memperkirakan IHSG bergerak mixed hari ini memasuki akhir pekan dimana beberapa saham penggerak pasar telah memasuki teritori jenuh jual (oversold).

Stock	Closing	Rec.	S2	S1	R1	R2
BBCA	22,300	Sell on  Strength	21,500	22,100	23,150	23,500
BRPT	2,350	Hold	2,240	2,310	2,480	2,540
CPIN	3,720	Sell on  Strength	3,470	3,570	3,840	3,950
WIKA	1,460	Sell on  Strength	1,275	1,350	1,550	1,605