Daily Research 28 Juni 2018

S2	S1	IDX	R1	R2
5,664.5	5,780.9	5,787.5	5,946.5	6,068.3

• Dow Jones closed 165 points lower (-0.7%) at 24,117.6 after 285 points rally on morning session as tech and financial sector lowered.
• Crude oil price closed above US$ 72 per barrel as the US demand all countries to stop import of Iranian oil from November, this may support IDX’s energy related mining sector.
• Regional market traded mixed with negative tendency this morning.
• IDX traded lower yesterday, may test its recent low at 5,733. A break below may trigger further correction.
• In all we expect IDX to trade mixed with negative tendency today as capital outflow continue.

ANTM	Hold
S2	S1	Level	R1	R2
760	810	840	895	925

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

ASII	Sell
S2	S1	Level	R1	R2
6,000	6,200	6,425	6,725	6,950

ASII took a deep downturn and a break horizontal support indicating a further downtrend.

BBTN	Buy on Weakness
S2	S1	Level	R1	R
2,240	2,440	2,520	2,700	2,890

BBTN ended the trading negatively near diagonal support with a thin volume and oversold RSI trend in area oversold suggesting a limited downside potential.

ICBP	Sell on Strength
S2	S1	Level	R1	R2
8,300	8,425	8,575	8,875	9,100

ICBP closed the session lower with bearish engulfing pattern indicating a further downturn.

Kiwoom Trader 28 Juni 2018

Bursa Eropa mengalami teknikal rebound kemarin namun bursa Amerika ditutup turun masih dibayangi kekuatiran perang dagang. Dow Jones ditutup turun 165 poin (-0.7%) pada level 24,117.6 setelah membukukan kenaikan 285 poin pada sesi awal perdagangan dibayangi penurunan saham sektor teknologi dan keuangan. Harga minyak dunia naik diatas level US$ 72 per barrel seiring himbauan Amerika untuk menghentikan impor minyak mentah dari Iran bulan November mendatang, dimana produksi Venezuela mengalami penurunan tajam dalam beberapa waktu terakhir dan terdapat gangguan pasokan sementara atas produksi minyak di Kanada dan Libia. Bursa regional bergerak mixed cenderung menurun pagi ini. IHSG diperdaangkan turun kemarin dan berpotensi menguji level terendah sebelumnya pada 5,733. Penembusan ke bawah level tersebut berpotensi memicu koreksi lanjutan. Kami memperkirakan IHSG bergerak mixed cenderung menurun hari ini seiring berlanjutnya aksi jual investor asing, potensi rebound kemungkinan dipicu saham sektor pertambangan energi.

Stock	Closing	Rec.	S2	S1	R1	R2
ANTM	840	Hold	760	810	895	925
ASII	6,425	Sell	6,000	6,200	6,725	6,950
BBTN	2,520	Buy on Weakness	2,240	2,440	2,700	2,890
ICBP	8,575	Sell on Strength	8,300	8,425	8,875	9,100

 

Daily Research 4 Juni 2018

S2	S1	IDX	R1	R2

• Dow Jones gained 1.% 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.

AKRA	Trading Buy
S2	S1	Level	R1	R2
4,250	4,510	4,920	5,200	5,575

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

BMRI	Sell On Strength
S2	S1	Level	R1	R2
6,750	6,950	7,050	7,550	7,725

BMRI ended the trading negatively with bearish engulfing pattern after failed to break above diagonal resistance indicating a further downturn.

ICBP	Trading Buy
S2	S1	Level	R1	R
8,300	8,425	8,700	8,825	9,000

ICBP closed the session higher and break above horizontal resistance with high enough volume indicating another upside potential.

UNTR	Sell On Stength
S2	S1	Level	R1	R2
33,050	34,000	35,050	38,125	39,200

UNTR ended the trading negatively with bearish engulfing pattern and followed by higher volume indicating a further downturn.

Kiwoom Trader 4 Juni 2018

Bursa Eropa ditutup naik akhir pekan lalu seiring meredanya kekuatiran atas Italia dan Spanyol. Dow Jones naik 0.9% ditutup pada level 24,635 didukung data ketenagakerjaan yang lebih baik dari perkiraan. Tingkat pengangguran Amerika turun ke level 3.8%, level terendah sejak tahun 2000. Bursa regional diperdagangkan positif pagi ini dengan Nikkei naik 1%, AORD naik 0.6%, dan Kospi naik 0.2%. IHSG turun hari Kamis lalu seiring aksi profit taking investor setelah mengalami teknikal rebound dan menjelang libur akhir pekan. Kami memperkirakan IHSG bergerak mixed hari ini karena potensi rebound dibatasi sentimen negatif potensi perang dagang Amerika terhadap China dan Eropa serta adanya potensi kenaikan Fed Fund Rate (FFR) dalam rapat FOMC bulan Juni atas data tenaga kerja yang baik.

Stock	Closing	Rec.	S2	S1	R1	R2
AKRA	4,920	Trading Buy	4,250	4,510	5,200	5,575
BMRI	7,050	Sell on Strength	6,750	6,950	7,550	7,725
ICBP	8,700	Trading Buy	8,300	8,425	8,825	9,000
UNTR	35,050	Sell on Strength	33,050	34,000	38,125	39,200

Kiwoom Trader 28 March 2018

Bursa Eropa mengalami teknikal rebound namun Bursa Amerika diperdagangkan melemah seiring tekanan jual atas saham sektor teknologi yang dipicu penurunan saham Microsoft. Penurunan Nasdaq dipicu koreksi saham Apple, Amazon, dan Facebook. Bursa regional turut mengalami koreksi dengan Nikkei225 turun 1.8%, Kospi turun 0.9%, dan AORD turun 0.6%. IHSG mengalami teknikal rebound namun candlestick membentuk pola dark cloud sehingga berpotensi kembali mengalami koreksi. Kami memperkirakan IHSG bergerak menurun hari ini menjelang libur Jumat Agung dan Paskah.

Stock	Closing	Rec.	S2	S1	R1	R2
BRPT	2,340	Buy on weakness	2,100	2,270	2,410	2,530
ICBP	8,375	Buy on weakness	7,500	8,100	8,700	9,100
KLBF	1,440	Sell on strength	1,300	1,400	1,460	1,510
PGAS	2,380	Sell on strength	2,170	2,300	2,520	2,670

 

Daily Research 28 March 2018

S2	S1	IDX	R1	R2
6,109.4	6,167.0	6,200.1	6,243.5	6,314.0

• European market on a technical rebound while Dow Jones closed 1.4% lower dragged by Microsoft stock. EIDO closed 1.8% lower at 26.5.
• Regional market traded negative following weak US sessions with Nikkei225 down 1.8%, Kospi down 0.9%, and AORD down 0.6%.
• IDX rebound yesterday but its candlestick formed dark cloud cover pattern which indicate another weak session today.
• In all we expect IDX to trade lower today ahead of Good Friday and Easter holiday.

BRPT	Buy on weakness
S2	S1	Level	R1	R2
2,100	2,270	2,340	2,410	2,530

BRPT was in the negative side near diagonal support area with a thin volume that could dampen a further downside movement.

KLBF	Sell on strength
S2	S1	Level	R1	R2
1,300	1,400	1,440	1,460	1,510

KLBF still moved up but with a close horizontal resistance that could limit gain.

ICBP	Buy on weakness
S2	S1	Level	R1	R2
7,500	8,100	8,375	8,700	9,100

ICBP took a negative step followed by a formation of a long black candle yesterday suggesting a further weak sign.

PGAS	Sell on strength
S2	S1	Level	R1	R2
2,170	2,300	2,380	2,520	2,670

PGAS closed the session lower with a dark cloud cover indicating another further downturn.

Kiwoom Trader 14 March 2018

Dow Jones turun 0.7% pada level 25,007 seiring kekuatiran investor atas pemecatan Tillerson dan melarang Qualcomm diakuisisi oleh Broadcom. Bursa regional diperdagangkan mendatar dengan kecenderungan negatif pagi ini. IHSG ditutup melemah mendekati support. Penembusan ke bawah level S1 berpotensi memicu koreksi lanjutan ditengah maraknya aksi jual investor asing.Kami memperkirakan IHSG bergerak mixed cenderung negatif hari ini.

Stock	Closing	Rec.	S2	S1	R1	R2
BDMN	6,850	Sell on Strength	6,500	6,700	7,000	7,300
ICBP	8,725	Buy on Weakness	8,575	8,700	9,125	9,275
PTBA	2,930	Sell on Strength	2,630	2,800	3,060	3,270
SCMA	2,880	Trading Buy	2,540	2,620	2,900	2,98

Daily Research 14 March 2018

S2	S1	IDX	R1	R2
6,279.5	6,353.7	6,412.8	6,550.6	6,635.3

• Dow Jones closed 0.7% lower at 25,007 as investors concern on US President’s terminate Tillerson and Quallcom blockage from Broadcom acquisition.
• Regional market traded sideways with negative tendency this morning.
• IHSG Closed the session lower near support. A break below S1 may trigger further correction as foreign investors keep selling Indonesian equities.
• We expect IDX traded mixed with negative tendency today.

BDMN	Sell on Strength
S2	S1	Level	R1	R2
6,500	6,700	6,850	7,000	7,300

BDMN moved higher followed by an increasing volume but with the presence of several strong resistance that could limit upswing.

ICBP	Buy on Weakness
S2	S1	Level	R1	R2
8,575	8,700	8,725	9,125	9,275

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

PTBA	Sell on Strength
S2	S1	Level	R1	R2
2,630	2,800	2,930	3,060	3,270

PTBA was in the negative side followed by a bearish engulfing indicating a further downside potential.

SCMA	Trading Buy
S2	S1	Level	R1	R2
2,540	2,620	2,880	2,900	2,980

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

Kiwoom Trader 21 February 2018

Bursa Eropa bergerak mixed cenderung positif namun Dow Jones ditutup turun 1% pada level 24,964 seiring penurunan 10.2% saham Walmart. Bursa regional bergerak mendatar dengan kecenderungan negatif pagi ini seiring sepinya berita penggerak pasar. US Dollar Index sedikit rebound memicu depresiasi kurs Rupiah namun harga minyak cenderung bertahan pada level diatas US$ 61 per barrel dipicu ketegangan geopolitik di kawasan Timur Tengah. IHSG mengalami koreksi setelah membukukan rekor tertinggi baru. Kami memperkirakan IHSG bergerak mixed cenderung negatif hari ini seiring aksi profit taking investor.

Stock	Closing	Rec.	S2	S1	R1	R2
BMRI	9,050	Sell on Strength	8,100	8,300	9,100	9,300
ICBP	8,875	Speculative Buy	8,575	8,725	9,100	9,275
SCMA	2,700	Speculative Buy	2,510	2,620	2,900	3,000
SMGR	11,300	Sell on Strength	10,550	11,000	11,700	12,000

*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 21 February 2018

S2	S1	IDX	R1	R2
6,478.5	6,578.2	6,662.9	6,750.0	6,800.0

• Dow Jones closed 1% lower at 24,964 dragged by 10.2% drop on Walmart shares.
• Regional market traded sideways with negative tendency due to lack of positive catalysts.
• US Dollar Index slightly rebound as Rupiah depreciate, however crude oil price managed to stay above US$ 61 per barrel supported by geopolitical concerns on Middle East region.
• We expect IDX trade mixed with negative tendency today as investors tend to realize profit after IDX book record high levels.

BMRI	Sell on Strength
S2	S1	Level	R1	R2
8,100	8,300	9,050	9,100	9,300

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

ICBP	Speculative Buy
S2	S1	Level	R1	R2
8,575	8,725	8,875	9,100	9,275

ICBP closed the session lower with long black candle pattern near its horizontal support suggesting a limited downside potential.

SCMA	Speculative Buy
S2	S1	Level	R1	R2
2,510	2,620	2,700	2,900	3,000

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

SMGR	Sell on Strength
S2	S1	Level	R1	R2
10,550	11,000	11,300	11,700	12,000

SMGR ended the trading weaker with a bearish harami formation providing another downside sign.