Daily Research 03 August 2017

S2 S1 IDX R1 R2
5,723.6 5,771.5   5,824.2 5,865.4 5,910.2
  • Dow Jones closed 52.3 point higher at record high 22,016.2 backed by strong Apple financial results.
  • Regional bourses traded sideways this morning.
  • IDX’s candlestick made hammer pattern yesterday. Combined with previous candlestick it formed bullish harami pattern, a sign for positive trade today. However continuation of foreign investor’s net sell on the IDX may cap upside momentum.
  • In all we expect IDX to trade sideways with positive tendency today as investors tend to “wait and see” 2Q 2017 GDP data to be released next Monday.
BKSL

Sell on Strength

S2 S1 Level R1 R2
92 101 107 108 115

BKSL carried on the favorable trend but with a position near its horizontal resistance and an overbought RSI trend that could dampen the upside opportunity.

BMRI

Sell on Strength

S2 S1 Level R1 R2
12,600 13,050 13,275 13,650 14,000

BMRI moved lower with a formation of a long black candle in which suggesting a further weak potential.

GJTL

Trading Buy

S2 S1 Level R1 R2
835 910 995 1,060 1,130

GJTL closed the session higher with high enough volume and above horizontal support line indicating another upside potential.

MNCN

Buy on Weakness

S2 S1 Level R1 R2
1,505 1,575 1,625 1,735 1,800

MNCN ended the trading negatively with a thin volume and oversold RSI trend 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 03 August 2017

Dow Jones naik 52.3 poin ditutup pada level tertinggi baru 22,016.2 didukung kinerja saham Apple. Bursa regional diperdagangkan mixed pagi ini. Candlestick IHSG membentuk pola hammer dengan kombinasi bullish harami, diharapkan dapat memberi sentimen positif hari ini. Namun demikian kembali berlanjutnya aksi jual investor asing membayangi potensi penguatan. Kami memperkirakan IHSG bergerak mixed dengan kecenderungan positif hari ini ditengah aksi “wait and see” investor menunggu release data GDP 2Q 2017 minggu depan.

Stock Closing Rec. S2 S1 R1 R2
BKSL 107 Sell on Strength 92 101 108 115
BMRI 13,275 Sell on Strength 12,600 13,050 13,650 14,000
GJTL 995 Trading Buy 835 910 1,060 1,130
MNCN 1,625 Buy on Weakness 1,505 1,575 1,735 1,800

*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 06 July 2017

S2 S1 IDX R1 R2
5,749.6 5,792.9   5,825.1 5,910.2 5,950.0
  • Dow Jones closed 1.1 point lower at 21,478.17 levels after minutes of meeting showed Fed’s concerns over the impact of series of rate hikes to the market.
  • Regional bourses traded relatively negative this morning as oil slipped 3% overnight, closed at US$ 45.6 per barrel this morning.
  • IDX traded lower yesterday after failed to break strong diagonal resistance line. We expect IDX to trade on negative territory today.
AALI

Sell on Strength

S2 S1 Level R1 R2
14,200 14,650 15,200 15,500 15,950

AALI closed the session higher with a high volume but closed near its overbought RSI Trend that could limit the upswing.

BMRI

Sell on Strength

S2 S1 Level R1 R2
12,250 12,900 13,325 13,500 14,000

BMRI was in the negative side with a bearish harami pattern suggesting a further downside movement.

GJTL

Speculative Buy

S2 S1 Level R1 R2
935 995 1,005 1,060 1,160

GJTL closed the session down near its short term diagonal support indicating a limited downside potential.

WTON

Speculative Buy

S2 S1 Level R1 R2
560 585 605 640 665

WTON ended the trading negatively in its diagonal support with a thin volume and oversold RSI Trend that could dampen a further downside movement.

* 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 06 July 2017

 

Dow Jones turun hanya 1.1 poin ditutup pada level 21,478.17 setelah notulen rapat menunjukkan kekuatiran the Fed atas dampak kebijakan kenaikan suku bunga terhadap pasar. Bursa regional pagi ini diperdagangkan cenderung negatif dipicu penurunan harga minyak sekitar 3% menjadi US$ 45.6 per barrel. IHSG mengalami koreksi setelah gagal menembus garis diagonal resisten kuat. Kami memperkirakan IHSG bergerak cenderung melemah hari ini.

Stock Closing Rec. S2 S1 R1 R2
AALI 15,200 Sell on Strength 14,200 14,650 15,500 15,950
BMRI 13,325 Sell on Strength 12,250 12,900 13,500 14,000
GJTL 1,005 Speculative Buy 935 995 1,060 1,160
WTON 605 Speculative Buy 560 585 640 665

*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 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 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.