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.

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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