Daily Research 13 June 2017

S2 S1 IDX R1 R2
5,590.5 5,643.5   5,691.4 5,770.6 5,837.2
  • Dow Jones closed 36.3 point lower at 21,235.67 levels.
  • Regional bourses traded mixed this morning ahead of FOMC meeting on 13-14 June as we expect the Fed to lift Fed Fund Rate by 25 basis points on the meeting.
  • IDX rebound yesterday with candlestick formed piercing pattern which indicates another upside potential today.
  • We expect IDX to trade mixed with positive tendency today as investors tend to wait and see ahead of the scheduled 13-14 June FOMC meeting and BI’s Board of
    Governor meeting on 14-15 June.
GGRM

Sell on Strength

S2 S1 Level R1 R2
72,750 74,400 77,750 78,500 80,000

GGRM closed the session all time high with a thin volume and overbought RSI trend that could limit the upswing.

GJTL

Buy on Weakness

S2 S1 Level R1 R2
1,020 1,100 1,120 1,195 1,295

GJTL continued the weak turn but with the presences of several supports that could slow down the current downswing.

KLBF

Buy on Weakness

S2 S1 Level R1 R2
1,490 1,520 1,535 1,585 1,620

KLBF ended the trading negatively with bearish engulfing pattern without volume and a presence of its support levels that could dampen a further downside movement.

SMGR

Sell on Strength

S2 S1 Level R1 R2
8,975 9,400 9,650 9,825 10,150

SMGR edged higher but with a position near its rather strong horizontal resistance possibly trimming a further upside 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.

Kiwoom Trader 13 June 2017

Dow Jones turun 36.3 poin ditutup pada level 21,235.67. EIDO naik 0.64% ditutup pada level 26.83 hari Senin. Bursa regional diperdagangkan mixed hari ini menjelang rapat FOMC 13-14 Juni. Kami memperkirakan the Fed menaikkan tingkat bunga acuan (Fed Fund Rate) sebesar 25 basis poin dalam rapat FOMC minggu ini. IHSG sedikit rebound kemarin dengan candlestick membentuk pola piercing yang mengindikasikan potensi berlanjutnya rebound hari ini. Kami memperkirakan IHSG bergerak mixed dengan kecenderungan positif hari ini ditengah aksi wait and see investor menjelang rapat FOMC 13-14 Juni dan RDG pada 14-15 Juni.

Stock Closing Rec. S2 S1 R1 R2
GGRM 77,750 Sell on Strength 72,750 74,400 78,500 80,000
GJTL 1,120 Buy on Weakness 1,020 1,100 1,195 1,295
KLBF 1,535 Buy on Weakness 1,490 1,520 1,585 1,620
SMGR 9,650 Sell on Strength 8,975 9,400 9,825 10,150

*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.Best Regards,

Daily Research 22 May 2017

S2 S1 IDX R1 R2
5,577.5 5,622.9   5,791.9 5,850.0 5,900.0
  • Dow Jones closed 141.8 point higher (+0.7%) at 20,804.8 levels last Friday.
  • Regional bourses traded positive this morning despite North Korea missile test launched yesterday.
  • IDX closed sharply higher last Friday backed by positive rating upgrade from Standard & Poor’s. IDX closed at strong diagonal resistance line. IDX may
    continue its strong positive momentum if able to break above that line.
  • We expect IDX to trade on positive territory today.
BMRI

Sell on Strength

S2 S1 Level R1 R2
11,700 12,000 12,900 13,275 13,500

BMRI closed the session higher in its diagonal resistance without volume and overbought RSI trend that could limit the upswing.

GGRM

Sell on Strength

S2 S1 Level R1 R2
70,000 72,000 76,500 77,100 78,500

GGRM ended the trading higher without volume and open gap up with an overbought RSI trend that could limit the upswing.

ICBP

Sell on Strength

S2 S1 Level R1 R2
8,425 8,675 9,100 9,350 9,575

ICBP ended the trading higher in its diagonal resistance without volume and overbought RSI trend that could limit the upswing.

SMRA

Trading Buy

S2 S1 Level R1 R2
1,155 1,200 1,325 1,375 1,420

SMRA closed the session positive above its diagonal resistance after on a weak trend in the last 4 days creating a technical rebound.

* 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.

Kiwoom Trader 22 May 2017

Dow Jones naik 141.8 point (+0.7%) ditutup pada level 20,804.8 akhir pekan lalu. Bursa kawasan regional diperdagangkan positif pagi ini kendati dibayangi sentimen peluncuran rudal Korea Utara kemarin. EIDO naik 5.4% hari Jumat pada level 27.39 didukung sentimen positif rating upgrade Standard & Poors. Kami memperkirakan IHSG kembali bergerak positif hari ini.

Stock Closing Rec. S2 S1 R1 R2
BMRI 12,900 Sell on Strength 11,700 12,000 13,275 13,500
GGRM 76,500 Sell on Strength 70,000 72,000 77,100 78,500
ICBP 9,100 Sell on Strength 8,425 8,675 9,350 9,575
SMRA 1,325 Trading Buy 1,155 1,200 1,375 1,420

*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.Best Regards,

Daily Research 15 May 2017

S2 S1 IDX R1 R2
5,577.5 5,622.9   5,675.2 5,715.1 5,750
  • Dow Jones closed 22.8 point lower at 20,896.6 levels.
  • Regional bourses traded lower this morning as geopolitical issue rises as North Korea launched missile test last Sunday.
  • IDX’s candlestick formed “inverted hammer” pattern on a “bearish harami”, which indicates selling pressure to persist today.
  • Thus we expect IDX to trade in negative territory today.
ANTM

Speculative Buy

S2 S1 Level R1 R2
570 600 620 645 670

ANTM closed the session negative in its horizontal support with a thin volume and oversold RSI trend that could dampen a further downside movement.

GGRM

Sell on Strength

S2 S1 Level R1 R2
68,000 70,000 73,900 75,000 77,100

GGRM closed the session higher in its diagonal resistance without volume and overbought RSI trend that could limit the upswing.

UNVR

Sell on Strength

S2 S1 Level R1 R2
45,325 46,000 46,800 47,000 47,800

UNVR in the positive side followed by a high volume and a presence of its diagonal resistance and overbought RSI trend that could limit the upside turn.

WSKT

Buy on Weakness

S2 S1 Level R1 R2
2,160 2,220 2,230 2,290 2,330

WSKT ended the trading n e g atively near its diagonal support without 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.

Kiwoom Trader 15 May 2017

Dow Jones turun 22.8 poin hari Jumat ditutup pada level 20,896.6. bursa regional diperdagangkan cenderung melemah pagi ini seiring langkah Korea Utara yang kembali meluncurkan percobaan rudal balistik hari Minggu kemarin. Candlestick IHSG membentuk pola inverted hammer yang dikombinasikan dengan pola bearish harami, mengindikasikan potensi pelemahan hari ini. Kami memperkirakan IHSG bergerak cenderung menurun hari ini.

Stock Closing Rec. S2 S1 R1 R2
ANTM 620 Speculative Buy 570 600 645 670
GGRM 73,900 Sell on Strength 68,000 70,000 75,000 77,100
UNVR 46,800 Sell on Strength 45,325 46,000 47,000 47,800
WSKT 2,230 Buy on Weakness 2,160 2,220 2,290 2,330

*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.Best Regards,

Daily Research 03 May 2017

S2 S1 IDX R1 R2
5,606.7 5,653.4   5,675.8 5,726.5 5,750
  • Dow Jones closed 36 point lower at 20,949.9 supported by 1Q 2017 financial results.
  • Japanese market started a long holiday until weekend.
  • IDX traded lower yesterday although foreign investors booked IDR 838.4 Billion net buy position.
  • We expect IDX to trade mixed with negative tendency today.
GJTL

Buy on weakness

S2 S1 Level R1 R2
955 1,000 1,015 1,060 1,115

GJTL moved lower during the last several days but with presence of its horizontal support that could limit the weak turn.

GGRM

Sell on strength

S2 S1 Level R1 R2
62,850 64,900 67,150 68,000 70,300

GGRM was still in positive side but with a close near its horizontal resistance that could limit the upside movement.

LPCK

Buy on weakness

S2 S1 Level R1 R2
4,070 4,250 4,390 4,600 5,000

LPCK moved lower with a closer near its recent low. A further downside turn would remain possible if its recent low is broken down.

UNVR

Sell on strength

S2 S1 Level R1 R2
43,650 44,500 45,300 45,800 47,000

UNVR was in the positive s i d e but with a closer near its diagonal resistance that could limit upswing.

* 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.