Daily Research 5 Juni 2018

S2 S1 IDX R1 R2
5,833.6 5,907.9 6,014.8 6,138.1 6,240.6
  • Dow Jones gained 0.7% at 24,813.7 back by tech sector as Nasdaq closed near all-time high.
  • Regional market traded mixed this morning due to rising concerns of US-China trade policy ahead of G-7 meeting this weekend.
  • IDX’s candlestick formed bullish harami pattern which potential for a technical rebound.
  • However we think IDX to trade mixed today ahead of long Lebaran holiday which shadowed by global trade issues and rising global interest rates as investors tend to avoid risky assets.
BMRI

Sell on Strength

S2 S1 Level R1 R2
7,025 7,225 7,375 7,425 7,675

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

ELSA

Buy on Weakness

S2 S1 Level R1 R2
356 384 392 434 458

ELSA ended the trading negatively after break recent low with a thin volume and a presence of its several support levels that could dampen a further downside movement.

EXCL

Sell on Strength

S2 S1 Level R1 R
1,945 2,160 2,370 2,520 2,730

EXCL moved higher with a long white candle pattern with the diagonal resistance that could limit the upswing.

JSMR

Trading Buy

S2 S1 Level R1 R2
4,100 4,370 4,630 4,740 5,050

JSMR closed the session higher and break above recent high with higher volume indicating another upside potential.

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Kiwoom Trader 5 Juni 2018

Bursa Eropa dan Amerika ditutup naik seiring pembicaraan kebijakan perdagangan Amerika-China. Dow Jones naik 0.7% ditutup pada level 24,813.7 didukung saham sektor teknologi. Nasdaq mendekati rekor tertinggi sebelumnya didukung saham Apple, Amazon, dan Microsoft. Bursa regional diperdagangkan mendatar pagi ini seiring mulai meningkatnya kekuatiran kebijakan perdagangan Amerika-China menjelang pertemuan G-7 akhir pekan ini. Pola candlestick IHSG membentuk pola bullish harami sehingga berpotensi mengalami teknikal rebound. Namun demikian kami memperkirakan IHSG bergerak mixed menjelang libur Lebaran yang diliputi kekuatiran perang dagang global serta potensi kenaikan tingkat bunga global seiring kecenderungan investor mengurangi portfolio saham.

Stock Closing Rec. S2 S1 R1 R2
BMRI 7,375 Sell on Strength 7,025 7,225 7,425 7,675
ELSA 392 Buy on Weakness 356 384 434 458
EXCL 2,370 Sell on Strength 1,945 2,160 2,520 2,730
JSMR 4,630 Trading Buy 4,100 4,370 4,740 5,050

Daily Research 18 April 2018

S2 S1 IDX R1 R2
6,179.4 6,244.4 6,285.8 6,410.7 6,500.8
  • Dow Jones closed 0.9% higher at 24,786.6 while
    EIDO closed 0.1% lower at 27.47.
  • Regional market traded positive this morning with
    Kospi up 1%, Nikkei 225 up 0.7%, and AORD up
    0.2%.
  • IDX’s candlestick formed hammer pattern which
    indicates upside momentum today.
  • We expect IDX to trade positive today ahead of
    market speculation on good 1Q 2018 financial results.
BMRI

Sell On Strenght

S2 S1 Level R1 R2
7,500 7,725 7,900 8,125 8,325

BMRI took a weak turn a high enough volume after unable to break its resistance yesterday so that could lead to a further downturn.

ELSA

Buy On Weakness

S2 S1 Level R1 R2
434 460 478 505 530

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

PTBA

Sell on Strength

S2 S1 Level R1 R2
3,050 3,240 3,480 3,600 3,700

PTBA closed the session higher in resistance area with a thin volume and overbought RSI trend that could limit the upside turn.

UNTR

Hold

S2 S1 Level R1 R2
33,700 34,950 36,500 37,400 38,200

UNTR closed the session higher above it short horizontal resistance with high enough volume indicating another upside potential.

Kiwoom Trader 18 April 2018

Bursa Eropa dan Amerika ditutup menguat didukung kinerja keuangan perusahaan 1Q 2018. Dow Jones naik 0.9% pada level 24,786.6 namun EIDO turun 0.1% pada level 27.47. Bursa regional diperdagangkan positif pagi ini dengan Kospi naik 1%, Nikkei 225 naik 0.7%, dan AORD naik 0.2%. candlestick IHSG membentuk pola hammer mengindikasikan potensi kenaikan hari ini. Kami memperkirakan IHSG bergerak cenderung positif hari ini seiring aksi spekulasi pasar menjelang rilis kinerja keuangan 1Q 2018.

Stock Closing Rec. S2 S1 R1 R2
BMRI 7,900 Sell On Strength 7,500 7,725 8,125 8,325
ELSA 476 Buy On Weakness 434 460 505 530
PTBA 3,480  Sell On Strength 3,050 3,240 3,600 3,700
UNTR 36,500  Hold 33,700 34,950 37,400 38,200

 

Kiwoom Trader 13 April 2018

Dow Jones rebound 1.2% ditutup pada level 24,483.1 setelah pernyataan Presiden Amerika bahwa dia tidak pernah mengatakan akan menyerang Suriah dan keluarnya beberapa laporan keuangan perbankan. Bursa regional diperdagangkan positif pada pagi ini. IHSG ditutup melemah di area diagonal support menutup upside gap sehingga berpotensi menguat pada hari ini. Kami memperkirakan IHSG bergerak mixed cenderung positif hari ini.

Stock Closing Rec. S2 S1 R1 R2
ELSA 488 Hold 406 434 496 530
KLBF 1,595  Sell On Strength 1,520 1,560 1,620 1,655
PTBA 3,420  Sell On Strength 3,050 3,240 3,570 3,700
TLKM 3,750  Sell On Strength 3,530 3,660 3,860 4,000

 

Daily Research 13 April 2018

S2 S1 IDX R1 R2
6,179.4 6,244.4 6,310.8 6,410.7 6,500.8
  • Dow Jones rebound 1.2% at level 24,483.1 after a
    statement by the US president that he never said an
    attack on Syria would take place and the release of
    several banking financial statements.
  • Regional market traded relatively positive this
    morning.
  • IDX traded down at diagonal support area closing
    upside gap may potential rebound on this day.
  • We expect IDX to trade mixed with positive tendency
    today
ELSA

Hold

S2 S1 Level R1 R2
406 434 488 496 530

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

KLBF

Sell on Strength

S2 S1 Level R1 R2
1,520 1,560 1,595 1,620 1,655

KLBF moved higher followed by an increasing volume but with the presence of several strong resistance that could limit upswing.

PTBA

Sell on Strength

S2 S1 Level R1 R2
3,050 3,240 3,420 3,570 3,700

PTBA ended the trading negatively with inverted hammer pattern followed by high enough volume and overbought RSI trend indicating a further downturn.

TLKM

Sell on Strength

S2 S1 Level R1 R2
3,530  2,620 3,750 3,860 4,000

TLKM moved negatively with a long black candle followed by a high volume suggesting a further downside potential

Daily Research 26 March 2018

S2 S1 IDX R1 R2
5,972.3 6,054.6 6,210.7 6,251.5 6,353.7
  • Dow Jones closed 1.8% lower at 23,533 while EIDO closed 0.9% lower at 26.33. Global market traded lower triggered by fear of global trade war.
  • Regional market opened lower with Nikkei225 lead decline with 1.2% loss this morning.
  • IDX traded lower below long-term diagonal support line which may trigger another correction.
  • In all we expect IDX to trade lower today as foreign investors keep selling Indonesian equities.
CTRA

Hold

S2 S1 Level R1 R2
1,055 1,090 1,115 1,185 1,225

CTRA ended the trading negatively near its horizontal support with a thin volume and a presence of its several support levels that could dampen a further downside movement.

ELSA

Speculative Buy

S2 S1 Level R1 R2
406 434 464 496 530

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

INTP

Trading Buy

S2 S1 Level R1 R2
16,000 16,950 17,425 18,100 19,400

INTP still carried on the weak turn but with a hammer pattern and position near support that could create a rebound potential.

ITMG

Sell on Strength

S2 S1 Level R1 R2
26,000 27,500 28,900 30,075 31,700

ITMG moved higher in the last 3 days but with the presence of its diagonal resistance that could trim the upside opportunity