Daily Research 7 Mei 2018

S2 S1 IDX R1 R2
5,647.4 5,749.3 5,792.3 5,915.7 6,034.4
  • Dow Jones closed 1.4% higher at 24,262 as Apple stock send positive sentiments for tech sector.
  • Regional market traded flat this morning due to lack of positive catalyst.
  • IDX closed on oversold territory which open possibility for a technical rebound.
  • We expect IDX to trade sideways today as technical rebound optimism clouded by weak currency.
AKRA

Sell on Strength

S2 S1 Level R1 R2
4,200 4,400 4,510 4,860 5,200

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

BMRI

Speculative Buy

S2 S1 Level R1 R2
6,225 6,520 6,625 6,925 7,150

BMRI closed below its recent low with a thin volume and a presence of its several support levels that could dampen a further downside movement.

GGRM

Sell on Strength

S2 S1 Level R1 R2
63,125 64,775 67,200 69,325 71,100

GGRM ended the trading negatively break below horizontal support with increased volume indicating a further downturn.

GJTL

Sell on Strength

S2 S1 Level R1 R2
750 810 855 890 950

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

Advertisements

Kiwoom Trader 7 Mei 2018

Bursa Eropa dan Amerika ditutup positif akhir pekan lalu dengan Dow Jones naik 1.4% pada level 24,262 seiring kenaikan saham Apple yang memicu kenaikan saham sektor teknologi. Bursa regional diperdagangkan mendatar pagi ini. IHSG ditutup dalam teritori oversold sehingga berpotensi mengalami teknikal rebound. Kami memperkirakan IHSG bergerak mixed hari ini karena optimisme teknikal rebound masih dibayangi depresiasi Rupiah.

Stock Closing Rec. S2 S1 R1 R2
AKRA 4,510 Sell On    Strength 4,200 4,400 4,860 5,200
BMRI 6,625 Speculative    Buy 6,225 6,520 6,925 7,150
GGRM 67,200 Sell On    Strength 63,125 64,775 69,325 71,100
GJTL 855 Sell On    Strength 750 810 890 950

Daily Research 16 March 2018

S2 S1 IDX R1 R2
6,167.7 6,279.5 6,321.9 6,410.7 6,505.5
  • Dow Jones closed 0.5% higher at 24,873 as the market remained cautious of global trade war triggered by latest US import tariff policies. Regional market opened mixed this morning.
  • IDX traded below 7 March low as foreign outflows continue. We expect higher IDX volatility ahead of today’s closing on quadruple witching day effect.
  • We expect IDX to trade mixed with negative tendency today.
ADHI

Speculative Buy

S2 S1 Level R1 R2
2,040 2,110 2,160 2,250 2,320

ADHI ended the trading negatively in diagonal support area with a thin volume and a presence of its several support levels that could dampen a further downside movement.

BBRI

Sell on Strength

S2 S1 Level R1 R2
3,460 3,570 3,640 3,720 3,800

BBRI took a negative turn with a high volume, a long black candle suggesting a further down.

GGRM

Sell on Strength

S2 S1 Level R1 R2
70,000 72,500 74,600 76,800 79,950

GGRM ended the trading positively near its horizontal resistance that could trim a further upside movement.

MEDC

Speculative Buy

S2 S1 Level R1 R2
1,180 1,260 1,285 1,365 1,460

MEDC ended the trading negatively in diagonal support area with a thin volume and a presence of its several support levels that could dampen a further downside movemen

Kiwoom Trader 16 March 2018


Bursa Eropa diperdagangkan mixed dengan kecenderungan positif. Dow Jones naik 0.5% pada level 24,873 namun pasar diliputi sentimen negatif perang dagang global yang dipicu kebijakan tarif Amerika. Bursa regional diperdagangkan mixed pagi ini. IHSG turun dibawah level terendah 7 Maret lalu seiring berlanjutnya aksi jual investor asing. Volatilitas IHSG diperkirakan meningkat menjelang penutupan hari ini karena efek quadruple witching. Kami memperkirakan IHSG bergerak mixed cenderung menurun hari ini.

Stock Closing Rec. S2 S1 R1 R2
ADHI 2,160 Speculative Buy 2,040 2,110 2,250 2,320
BBRI 3,640 Sell on Strength 3,460 3,570 3,720 3,800
GGRM 74,600 Sell on Strength 70,000 72,500 76,800 79,950
MEDC 1,285 Speculative Buy 1,180 1,260 1,365 1,460

Kiwoom Trader 13 March 2018


Bursa Eropa diperdagangkan mixed namun Dow Jones turun 0.6% pada level 25,178 seiring kekuatiran investor atas kebijakan tarif Amerika. Presiden Donald Trump menetapkan tarif impor atas impor baja dan aluminium dengan pengecualian bagi Kanada dan Mexico. Bursa regional diperdagangkan mendatar dengan kecenderungan negatif pagi ini. IHSG mengalami rebound namun membentuk upside gap kemarin. Analisa momentum menunjukkan potensi penguatan yang cukup terbatas. Kami memperkirakan IHSG bergerak mixed cenderung negatif hari ini.

Stock Closing Rec. S2 S1 R1 R2
ADHI 2,380 Buy on Weakness 2,250 2,330 2,480 2,550
GGRM 77,125 Buy on Weakness 73,100 76,000 78,950 81,400
PGAS 2,520 Sell on Strength 2,200 2,410 2,610 2,720
TBIG 5,975 Trading Buy 5,525 5,700 6,150 6,350

Daily Research 13 March 2018

S2 S1 IDX R1 R2
6,277.2 6,353.7 6,443.3 6,508.1 6,594.4
  • Dow Jones closed 0.6% lower at 25,178 as investors concern on US President’s new tariff policies on imports of steel and aluminum with exclusion for Canada and Mexico.
  • Regional market traded sideways with negative tendency this morning.
  • IDX on a technical rebound with an upside gap. Technical analysis showed declining momentum which limit positive potential.
  • We expect IDX traded mixed with negative tendency today.
ADHI

Buy on Weakness

S2 S1 Level R1 R2
2,250 2,330 2,380 2,480 2,550

ADHI ended the trading negatively near short term diagonal support area with a thin volume that could dampen a further downside movement.

GGRM

Buy on Weakness

S2 S1 Level R1 R2
73,100 76,000 77,125 78,950 81,400

GGRM moved lower with a close near its recent low. A further downside turn would remain possible if its recent low its break down.

PGAS

Sell on Strength

S2 S1 Level R1 R2
2,200 2,410 2,520 2,610 2,720

PGAS was in the positive side but with a close near its previous high in which could dampen a further up movement.

TBIG

Trading Buy

S2 S1 Level R1 R2
5,525 5,700 5,975 6,150 6,350

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

Daily Research 10 January 2018

S2 S1 IDX R1 R2
6,181.9 6,279.5 6,373.1 6,445.9 6,500.0
  • European and American market traded higher with Dow Jones up 102.8 points at fresh new high 25,385.8. Regional market traded flat today as investors tend to realize profits.
  • Crude oil settled higher at US$ 63.4 per barrel even though US Dollar Index increased slightly.
  • IDX’s candlestick formed “dark cloud cover” yesterday which may indicate potential correction today.
  • In all we expect IDX to trade lower today to test its support levels.
GGRM

Sell on Strength

S2 S1 Level R1 R2
76,000 78,400 81,600 84,775 87,000

GGRM was on the weak side followed by a long black candle indicating a still weak potential.

ISAT

Sell on Strength

S2 S1 Level R1 R2
4,750 5,000 5,475 5,610 6,000

ISAT closed the session higher near its diagonal resistance with a thin volume and overbought RSI trend that could limit the upswing.

PTPP

Sell on Strength

S2 S1 Level R1 R2
2,575 2,670 2,730 2,780 2,900

PTBA was still in positive side but with a close near its recent high that could limit the upside movement.

SMGR

Sell on Strength

S2 S1 Level R1 R2
10,500 10,750 11,200 11,280 11,500

SMGR ended the trading positively after break above resistance with a thin volume and overbought RSI trend that could limit the upside turn.

* 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.