Daily Research 31 Mei 2018

S2 S1 IDX R1 R2
5,854.6 5,946.5 6,011.0 6,138.1 6,240.6
  • Dow Jones gained 1.3% managed to close at 24,668 backed by increase in Boeing, Chevron, and Home Depot shares.
  • Regional market traded positive this morning following strong lead from European and US markets with AORD gained 0.6%, Kospi up by 0.5%, and Nikkei225 up by 0.4%.
  • IDX on a profit taking session with its candlestick formed inverted hammer and bearish harami pattern which indicates another correction today.
  • Although supported by strong regional market, however we expect IDX to trade mixed today ahead of long weekend holiday.
BBRI

Sell On Strength

S2 S1 Level R1 R2
2,940 3,070 3,140 3,350 3,450

BBRI ended the trading negatively with higher volume after failed to break above horizontal resistance indicating a further downturn.

HRUM

Trading Buy

S2 S1 Level R1 R2
2,800 2,800 3,220 3,350 3,490

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

KAEF

Trading Buy

S2 S1 Level R1 R
1,870 2,000 2,530 2,570 2,740

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

PTBA

Hold

S2 S1 Level R1 R2
3,430 3,580 3,780 3,950 4,050

PTBA has a chance to continue rally after ended trading with high volume. The rally will valid if PTBA could break above diagonal resistance.

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Kiwoom Trader 31 Mei 2018

Bursa Eropa dan Amerika rebound seiring meredanya kekuatiran pasar atas krisis Italia. Dow Jones naik 1.3% ditutup pada level 24,668 didukung kenaikan saham Boeing, Chevron, dan Home Depot. Bursa regional diperdagangkan positif pagi ini mengikuti sentimen bursa Eropa dan Amerika dengan AORD naik 0.6%, Kospi naik 0.5%, dan Nikkei225 naik 0.4%. IHSG mengalami profit taking dengan candlestick membentuk pola inverted hammer dan bearish harami, mengindikasikan potensi koreksi hari ini. Kami memperkirakan IHSG bergerak cenderung mixed hari ini menjelang libur panjang akhir pekan.

Stock Closing Rec. S2 S1 R1 R2
BBRI 3,140 Sell on Strength 2,940 3,070 3,350 3,450
HRUM 3,220 Trading Buy 2,800 2,930 3,350 3,490
KAEF 2,530 Trading Buy 1,870 2,000 2,570 2,740
PTBA 3,780 Hold 3,430 3,580 3,950 4,050

Daily Research 21 Mei 2018

S2 S1 IDX R1 R2
5,647.4 5,734.2 5,783.3 5,919.2 5,994.6
  • Dow Jones up by only 1.1 point at 24,715 after US President comment on US- China trade talk.
  • Regional market traded sideways this morning.
  • IDX traded down last week near recent low at 5,774 earlier this month as foreign investor keep selling equities, triggered Rupiah depreciation even after BI raised benchmark rate, BI7DRR.
  • We expect IDX to trade lower today due to pressure on the currency on rising US treasury yield which pushed US Dollar Index to the upside.
BBRI

Buy on Weakness

S2 S1 Level R1 R2
2,750 2,875 2,940 3,040 3,140

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

HRUM

Sell on Strength

S2 S1 Level R1 R2
2,590 2,740 2,850 2,940 3,070

HRUM was in the positive side but with a closer near its horizontal resistance that could limit upswing.

KLBF

Hold

S2 S1 Level R1 R2
1,220 1,250 1,270 1,360 1,430

KLBF ended the trading negatively in diagonal support area and oversold RSI trend that could dampen a further downside movement.

PTBA

Trading Buy

S2 S1 Level R1 R2
3,300 3,430 3,690 3,800 3,900

PTBA closed the session higher after break above resistance line with higher volume indicating another upside potential.

Kiwoom Trader 21 Mei 2018

Bursa Eropa dan Amerika bergerak mixed cenderung menurun seiring kekuatiran hubungan perdagangan Amerika-China. Dow Jones hanya naik 1.1 poin pada level 24,715. Bursa regional diperdagangkan mendatar pagi ini. IHSG turun mendekati level terendah sebelumnya pada level 5,774 pada awal Mei seiring berlanjutnya aksi jual investor asing seiring depresiasi Rupiah pasca kenaikan BI7DRR. Kami memperkirakan IHSG bergerak cenderung menurun hari ini seiring tingginya tekanan terhadap Rupiah akibat kenaikan yield obligasi Pemerintah Amerika yang menopang kenaikan US Dollar Index.

Stock Closing Rec. S2 S1 R1 R2
BBRI 2,940 Buy on Weakness 2,750 2,875 3,040 3,140
HRUM 2,850 Sell on Strength 2,590 2,740 2,940 3,070
KLBF 1,270 Hold 1,220 1,250 1,360 1,430
PTBA 3,690 Trading Buy 3,300 3,430 3,800 3,900

Daily Research 05 March 2018

S2 S1 IDX R1 R2
6,482.1 6,545.0 6,582.3 6,689.3 6,750.0
  • Dow Jones closed 70.9 point lower at 24,538 after dropped 390 points on early trading session last Friday. EIDO gained 0.6% last Friday closed at 28.7.
  • Rupiah traded around Rp 13,750 per US$ this morning, may bring some negative sentiments for IDX today.
  • Regional market opened lower this morning as investors need time to digest US’s new trade policy announced last week.
  • IDX’s candlestick formed hammer pattern last Friday which indicate rebound potential today.
  • In all we expect IDX to trade mixed today.
ADHI

Buy on Weakness

S2 S1 Level R1 R2
2,250 2,310 2,390 2,480 2,550

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

HRUM

Sell on Strength

S2 S1 Level R1 R2
3,010 3,130 3,280 3,400 3,540

HRUM ended the trading weaker with a long black candle formation providing another downside sign.

AISA

Buy on Weakness

S2 S1 Level R1 R2
545 615 655 695 760

AISA was in the negative territory near its horizontal support with a low volume so that a further weak turn maybe in a limited range.

ERAA

Sell on Strength

S2 S1 Level R1 R2
960 1,025 1,105 1,150 1,200

ERAA closed the session higher with long white candle pattern but with a thin volume and overbought RSI trend that could limit the upswing.

Kiwoom Trader 05 March 2018


Bursa Eropa mengalami koreksi yang cukup dalam setelah Donald Trump mengumumkan kebijakan tarif Pemerintah Amerika yang baru. Kendati dibuka dengan penurunan yang cukup dalam, Dow Jones berhasil ditutup turun 70.9 poin pada level 24,538 setelah dibuka turun 390 poin hari Jumat lalu. EIDO naik 0.6% hari Jumat ditutup pada level 28.7. Rupiah diperdagangkan pada kisaran Rp 13,750 per US$ pagi ini, masih membayangi pergerakan IHSG hari ini. Bursa regional diperdagangkan cenderung menurun pagi ini. Candlestick IHSG membentuk pola hammer hari Jumat, mengindikasikan potensi rebound hari ini. Secara keseluruhan kami memperkirakan IHSG bergerak mixed hari ini.

Stock Closing Rec. S2 S1 R1 R2
ADHI 2,390 Buy on Weakness 2,250 2,310 2,480 2,550
AISA 655 Buy on Weakness 545 615 695 760
ERAA 1,105 Sell on Strength 960 1,025 1,150 1,200
HRUM 3,280 Sell on Strength 3,010 3,130 3,400 3,540

Daily Research 13 February 2018

S2 S1 IDX R1 R2
6,277.2 6,375.0 6,523.5 6,589.7 6,666.8
  • Dow Jones closed 1.7% higher at 24,601.3 while EIDO climbed 1.1% at 28.88.
  • Regional market on a technical rebound this morning.
  • IDX may continue its technical rebound although positive momentum capped by net sell positions from foreign investors while IDR still traded around IDR 13,650 per US$ this morning.
  • We expect IDX to trade mixed with positive tendency today.
BMTR

Trading Buy

S2 S1 Level R1 R2
580 600 660 690 720

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

HRUM

Sell on Strength

S2 S1 Level R1 R2
2,080 3,010 3,140 3,250 3,410

HRUM ended the trading positively near its recent high with a low volume that could trim a further upside movement.

LSIP

Speculative Buy

S2 S1 Level R1 R2
1,235 1,290 1,340 1,380 1,460

LSIP managed a rebound followed by a bullish engulfing pattern suggesting another favorable potential.

SRIL

Trading Buy

S2 S1 Level R1 R2
1,025 1,095 1,120 1,240 1,315

SRIL closed the session higher with long white candle pattern after on a weak trend in the last six days creating a technical rebound.