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 02 May 2017

S2 S1 IDX R1 R2
5,606.7 5,653.4   5,685.3 5,726.5 5,750
  • Dow Jones closed 27 point lower at 20,913.4 level yesterday. US Congress agree to extend the Government budget proposal until 5 May.
  • Nikkei traded higher this morning supported by currency depreciation.
  • IDX’s candlestick formed bearish engulfing pattern last Friday, indicate further downside risk today.
  • We expect IDX to trade mixed with negative tendency today as investors realize profits.
ADRO

Buy on weakness

S2 S1 Level R1 R2
1,695 1,745 1,775 1,840 1,895

ADRO was in the negative side with a bearish engulfing pattern but the presences of several horizontal supports in which limit the downswing.

ICBP

Sell on strength

S2 S1 Level R1 R2
8,425 8,650 8,775 9,100 9,350

ICBP closed the session lower with a shooting star pattern also supported by a high volume and near overbought RSI trend indicating a further downturn.

INDY

Sell on Strength

S2 S1 Level R1 R2
725 805 900 905 1,005

INDY moved up significantly with a high volume but with a presence of a horizontal resistance suggesting a correction potential

JPFA

Speculative Buy

S2 S1 Level R1 R2
1,365 1,425 1,465 1,545 1,620

JPFA ended the trading n e g atively with long black candle pattern in its diagonal support without volume and near 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 02 May 2017

Dow Jones turun 27 poin pada level 20,913.4 kemarin setelah selesainya pembahasan anggaran Pemerintah Amerika Serikat. Nikkei diperdagangkan naik pagi ini didukung oleh depresiasi kurs Yen terhadap US$. Candlestick IHSG membentuk pola bearish engulfing hari Jumat kemarin, mengindikasikan koreksi lanjutan hari ini. Kami memperkirakan IHSG bergerak cenderung menurun hari ini ditengah aksi profit taking investor.

Stock Closing Rec. S2 S1 R1 R2
ADRO 1,775 Buy on weakness 1,695 1,745 1,840 1,895
ICBP 8,775 Sell on Strength 8,425 8,650 9,100 9,350
INDY 900 Sell on Strength 725 805 905 1,005
JPFA 1,465 Speculative buy 1,365 1,425 1,545 1,620


*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 04 April 2017

S2 S1 IDX R1 R2
5,534 5,563.7   5,606.8 5,620 5,650
  • Dow Jones closed 13 points lower at 20,650.2 levels as investors tend to wait and see forther economic data to be released later this week.
  • Asian bourses traded slightly lower this morning, however IDX may get positive sentiment as EIDO closed 1.4% higher to 26.14 on the US market sessions.
  • IDX made fresh all-time high yesterday as foreign investors book net buy positions.
  • We expect IDX to trade on positive territory today.
BJTM

Sell on Strength

S2 S1 Level R1 R2
645 695 750 800 850

BJTM was in the positive side with a high volume but with a shooting star formation potentially creating correction potential.

DOID

Sell on Strength

S2 S1 Level R1 R2
805 895 1,000 1,050 1,100

DOID ended the session positively in diagonal resiscance area uptrend channel in a low volume and RSI in overbought area that could slow down the upswing.

ICBP

Sell on Strength

S2 S1 Level R1 R2
7,950 8,150 8,425 8,575 8,800

ICBP closed the session higher with a long white candle formation after closing negative in previous five days indicating a momentum rebound.

TLKM

Speculative Buy

S2 S1 Level R1 R2
3,960 4,050 4,170 4,280 4,400

TLKM ended the trading positively with a bullish harami formation indicating another 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 04 April 2017

Dow Jones turun 13 poin pada level 20,650.2 seiring langkah investor menunggu data ekonomi Amerika yang akan dikeluarkan minggu ini. Bursa Asia diperdagangkan sedikit turun pagi hari ini dengan bursa Australia turun 0.2% dan Nikkei turun 0.5%. Sentimen pasar terhadap IHSG diperkirakan cukup baik hari ini seiring kenaikan EIDO sebesar 1.4% menjadi 26.14.

Stock Closing Rec. S2 S1 R1 R2
BJTM 750 Sell on Strength 645 695 800 850
DOID 1,000 Sell on Strength 805 895 1,050 1,100
ICBP 8,425 Sell on Strength 7,950 8,150 8,575 8,800
TLKM 4,170 Speculative Buy 3,960 4,050 4,280 4,400

*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 27 March 2017

S2 S1 IDX R1 R2
5,518 5,543   5,567.1 5,600 5,625
  • Weak regional markets would send in the negative sentiment.
  • The IDX was up in a thin range again setting a new record high last week. But so, a still overbought trend and a doji pattern would create correction potential.
  • Therefore, we predict that the IDX would be in the negative side today.
BNLI

Buy on weakness

S2 S1 Level R1 R2
645 680 690 710 755

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

CPIN

Buy on weakness

S2 S1 Level R1 R2
2,900 3,060 3,200 3,340 3,500

CPIN took a weak turn with a long black candle formation but with a thin volume and the presences of several supports that could expectedly slow down the downswing.

ICBP

Sell on strength

S2 S1 Level R1 R2
8,150 8,500 8,600 8,950 9,250

ICBP ended the trading n e gatively with a bearish engulfing formation with a high enough volume suggesting a further downturn.

JSMR

Buy on weakness

S2 S1 Level R1 R2
4,300 4,440 4,550 4,720 4,860

JSMR closed the session lower near its short term diagonal support and a low volume indicating 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.