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 30 April 2018

S2 S1 IDX R1 R2
5,749.2 5,840.9 5,840.9 6,134.0 6,246.1
  • Dow Jones closed 11 point lower at 24,311 due to lack of new positive catalysts. US 10-year Treasury yield closed around 2.96% ahead of 1-2 May FOMC meeting.
  • Regional market traded flat with positive tendency this morning while Japanese market closed on Showa Day.
  • IDX closed on oversold territory last Friday which may get technical rebound today.
  • We expect IDX to trade mixed with positive tendency as selloffs creates buying opportunities.
AKRA

Hold

S2 S1 Level R1 R2
4,550 4,800 4,860 5,450 5,800

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

BMRI

Speculative Buy

S2 S1 Level R1 R2
6,525 6,775 6,925 7,150 7,350

BMRI closed the session higher with bullish harami pattern and with higher volume indicating another upside potential.

EXCL

Sell on Strength

S2 S1 Level R1 R2
1,950 2,040 2,160 2,370 2,520

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

ITMG

Hold

S2 S1 Level R1 R2
21,075 22,500 23,600 25,500 26,850

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

Kiwoom Trader 30 April 2018

Pasar Mixed Positif. Dow Jones turun 11 poin ditutup pada level 24,311 seiring berkurangnya momentum positif. Tingkat imbal hasil obligasi Pemerintah Amerika 10 tahun berada pada kisaran 2.96% menjelang rapat FOMC 1-2 Mei 2018. Bursa regional diperdagangkan mendatar dengan kecenderungan positif pagi ini. Bursa Jepang tutup hari ini (Showa Day). IHSG ditutup dalam teritori oversold sehingga berpotensi mengalami teknikal rebound. Kami memperkirakan IHSG bergerak mixed cenderung positif hari ini seiring kecenderungan investor memanfaatkan momentum oversold.

Stock Closing Rec. S2 S1 R1 R2
AKRA 4,860 Hold 4,550 4,800 5,450 5,800
BMRI 6,925 Speculative    Buy 6,525 6,775 7,150 7,350
EXCL 2,160  Sell On Strength 1,950 2,040 2,370 2,520
ITMG 23,600  Hold 21,075 22,500 25,500 26,850

 

Kiwoom Trader 11 April 2018

Bursa Eropa dan Amerika diperdagangkan positif seiring meredanya kekuatiran perang dagang seiring pernyataan Presiden China yang akan mengkaji kebijakan penurunan pajak impor otomotif. Dow Jones naik 1.8% pada level 24,408. Bursa regional dibuka cenderung mendatar pagi ini. IHSG mengalami teknikal rebound seiring mulai pulihnya sentimen global. Kendati EIDO naik 3% pada level 27.74 kami memperkirakan IHSG bergerak mixed hari ini dibayangi aksi profit taking investor.

Stock Closing Rec. S2 S1 R1 R2
BMRI 7,875 Trading Buy 7,150 7,350 8,000 8,250
CPIN 3,750 Hold 3,500 3,640 3,830 4,000
EXCL 2,730 Trading Buy 2,360 2,570 2,870 3,010
GGRM 77,500 Trading Buy 70,000 72,500 79,000 82,600

 

Daily Research 11 April 2018

S2 S1 IDX R1 R2
6,070.1 6,179.4 6,325.8 6,386.2 6,500.8
  • Dow Jones gain 1.8% at 24,408 after Chinese President said to discuss measures including lowering import tariffs on autos.
  • While European and US market traded positive, regional market traded sideways this morning.
  • IDX on a technical rebound yesterday as global investor confidence rise.
  • While EIDO gain 3% at 27.74 we expect IDX to trade sideways today as investors tend to take profit on a volatile market.
BMRI

Trading Buy

S2 S1 Level R1 R2
7,150 7,350 7,875 8,000 8,250

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

CPIN

Hold

S2 S1 Level R1 R2
3,500 3,640 3,750 3,830 4,000

CPIN ended the trading higher after break recent high with high volume indicating another upside potential.

EXCL

Trading Buy

S2 S1 Level R1 R2
2,360 2,570 2,730 2,870 3,010

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

GGRM

Trading Buy

S2 S1 Level R1 R2
70,000 72,500 77,500 79,000 82,600

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

Daily Research 24 November 2017

S2 S1 IDX R1 R2
5,955.2 5,995.9 6,063.2 6,098.8 6,130
  • US stock indexes closed for Thanksgiving holiday, while European markets ended mix with tendency to weaken.
  • The Shanghai Composite dropped significantly yesterday after concerns about a possible liquidity crisis.
  • Nikkei 225 and All Ordinaries opened lower this morning, Kospi higher.
  • JCI today will still move in mix direction. Support 6,000 and resistance 6,120.
ADHI

Sell on Strength

S2 S1 Level R1 R2
1,830 1,930 2,010 2,100 2,200

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

EXCL

Speculative Buy

S2 S1 Level R1 R2
2,630 2,870 3,070 3,230 3,420

EXCL moved down during the last several days but with the presences of several support and an oversold RSI trend in which could limit the downturn.

SILO

Trading Buy

S2 S1 Level R1 R2
9,275 9,800 10,100 10,550 11,000

SILO closed the session higher with high enough volume indicating another upside potential.

TINS

Buy on Weakness

S2 S1 Level R1 R2
800 835 870 900 940

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

* 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.