Daily Research 25 Juni 2018

S2 S1 IDX R1 R2
5,664.5 5,780.9 5,821.8 5,946.5 6,068.3
  • Dow Jones gained 0.5% last Friday to 24,580.9 backed by Chevron and Exxon Mobil shares on rising crude oil price despite agreement from OPEC meeting to lift production to satisfy increasing global demand.
  • Regional market traded mixed this morning.
  • IDX’s candlestick formed doji pattern last Friday as investor tend to switch from equities.
  • In all we expect IDX to trade mixed with negative tendency as foreign investor keep selling Indonesian equities ahead of the implementation of US trade policy on early July.
BDMN

Sell on Strength

S2 S1 Level R1 R2
5,900 6,225 6,400 6,575 6,825

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

CTRA

Trading Buy

S2 S1 Level R1 R2
950 1,010 1,100 1,135 1,195

CTRA closed the session higher with long white candle pattern with high enough volume indicating another upside potential.

KLBF

Trading Buy

S2 S1 Level R1 R
1,200 1,250 1,310 1,370 1,415

KLBF closed the trading higher after on weak trend in the several days creating a technical rebound.

MEDC

Hold

S2 S1 Level R1 R2
900 965 990 1,065 1,125

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

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Kiwoom Trader 25 Juni 2018

Bursa kawasan Eropa dan Amerika mengalami rebound hari Jumat. Dow Jones naik 0.5% pada level 24,580.9 didukung kenaikan saham Chevron dan Exxon Mobil. Harga minyak dunia rebound kendati pertemuan OPEC sepakat untuk meningkatkan produksi seiring kenaikan permintaan atas energi. Bursa kawasan regional diperdagangkan mixed pagi ini. Candlestick IHSG membentuk doji hari Jumat seiring langkah investor menghindari portfolio ekuitas. Kami memperkirakan IHSG bergerak mixed cenderung menurun hari ini seiring masih tingginya minat jual investor asing menjelang implementasi kebijakan perdagangan Amerika awal Juli.

Stock Closing Rec. S2 S1 R1 R2
BDMN 6,400 Sell on Strength 5,900 6,225 6,575 6,825
CTRA 1,100 Trading Buy 950 1,010 1,135 1,195
KLBF 1,310 Trading Buy 1,200 1,250 1,370 1,415
MEDC 990 Hold 900 965 1,065 1,125

Daily Research 25 Mei 2018

S2 S1 IDX R1 R2
5,697.8 5,774.7 5,946.5 5,994.6 6,079.9
  • European and American market traded lower after US President cancel North Korea meeting with Dow Jones closed 0.3% lower at 24,811.8.
  • Regional market traded mixed this morning due to lack of positive catalyst.
  • IDX rebound and closed near recent high backed by speculative buy from foreign investors.
  • However we expect IDX to trade mixed today ahead of weekend as investor tends to take profits. Rupiah depreciation and weak bond market also limit IDX’s positive momentum today.
CTRA

Trading Buy

S2 S1 Level R1 R2
830 880 1,005 1,055 1,100

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

PGAS

Trading Buy

S2 S1 Level R1 R2
1,715 1,840 2,170v 2,300 2,420

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

SMRA

Trading Buy

S2 S1 Level R1 R
770 805 895 935 975

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

SSIA

Trading Buy

S2 S1 Level R1 R2
498 515 560 570 590

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

Daily Research 25 Mei 2018

S2 S1 IDX R1 R2
5,697.8 5,774.7 5,946.5 5,994.6 6,079.9
  • European and American market traded lower after US President cancel North Korea meeting with Dow Jones closed 0.3% lower at 24,811.8.
  • Regional market traded mixed this morning due to lack of positive catalyst.
  • IDX rebound and closed near recent high backed by speculative buy from foreign investors.
  • However we expect IDX to trade mixed today ahead of weekend as investor tends to take profits. Rupiah depreciation and weak bond market also limit IDX’s positive momentum today.
CTRA

Trading Buy

S2 S1 Level R1 R2
830 880 1,005 1,055 1,100

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

PGAS

Trading Buy

S2 S1 Level R1 R2
1,715 1,840 2,170v 2,300 2,420

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

SMRA

Trading Buy

S2 S1 Level R1 R
770 805 895 935 975

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

SSIA

Trading Buy

S2 S1 Level R1 R2
498 515 560 570 590

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

Kiwoom Trader 25 Mei 2018

Bursa Eropa dan Amerika turun setelah Presiden Trump membatalkan rencana pertemuan dengan Korea Utara dengan Dow Jones turun 0.3% pada level 24,811.8. Bursa regional diperdagangkan mixed pagi ini seiring sepinya sentimen penggerak pasar. IHSG rebound kemarin mendekati level teringgi sebelumnya didukung aksi beli investor asing. Secara keseluruhan kami memperkirakan IHSG bergerak mixed menjelang akhir pekan 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
CTRA 1,005 Trading Buy 830 880 1,055 1,100
PGAS 2,170 Trading Buy 1,715 1,840 2,300 2,420
SMRA 895 Trading Buy 770 805 935 975
SSIA 560 Trading Buy 498 515 570 590

Daily Research 23 Mei 2018

S2 S1 IDX R1 R2
5,597.7 5,674.0 5,751.1 5,835.0 5,919.2
  • Dow Jones closed 0.7% lower at 24,834 after President Trump comments on US-North Korea meeting and doubts on US-China trade talks last week.
  • Regional market traded mixed this morning.
  • IDX’s candlestick formed inverted hammer pattern near recent low which indicate persistence of selling pressure.
  • In all we expect IDX to trade lower today due to concerns of currency depreciation and rising treasury yields ahead of two public holidays next week.
ANTM

Buy on Weakness

S2 S1 Level R1 R2
805 835 845 900 935

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

ASII

Trading Buy

S2 S1 Level R1 R2
6,200 6,400 6,950 7,050 7,275

ASII closed the session higher with long white candle and followed by higher volume indicating another upside potential.

BBNI

Buy on Weakness

S2 S1 Level R1 R2
6,650 7,000 7,125 7,550 8,000

BBNI ended the trading negatively near diagonal support with a thin volume and oversold RSI trend suggesting a limited downside potential.

CTRA

Sell on Strength

S2 S1 Level R1 R2
800 850 880 970 1,015

CTRA ended the trading negatively after break below diagonal support with higher volume indicating a further downturn.

Kiwoom Trader 14 Mei 2018

Bursa Eropa bergerak mixed namun Dow Jones berhasil naik 0.4% pada level 24,831 didukung saham sektor energi yang didukung relatif tingginya harga minyak mentah dunia. Bursa regional diperdagangkan mendatar pagi ini. Candlestick IHSG membentuk pola inverted hammer akhir pekan lalu setelah mengalami rebound, mengindikasikan masih adanya tekanan jual investor. Kami memperkirakan IHSG bergerak mixed dengan kecenderungan menurun hari ini dibayangi sentimen negatif aksi terorisme di Surabaya.

Stock Closing Rec. S2 S1 R1 R2
BMRI 7,200 Sell On Strength 6,625 6,900 7,500 7,825
CTRA 1,005 Trading Buy 900 935 1,055 1,100
HMSP 3,730 Trading Buy 3,300 3,530 3,770 4,000
ITMG 25,625 Trading Buy 21,075 22,475 26,300 27,875