Daily Research 22 Mei 2018

S2 S1 IDX R1 R2
5,597.7 5,674.0 5,733.9 5,835.0 5,919.2
  • Dow Jones gained 1.2% at 25,013 after US Treasury Secretary said that trade war was “on hold” following an agreement with China to suspend tariff threats.
  • Regional market traded mixed with lower tendency this morning.
  • IDX traded down below recent low as foreign seller continues.
  • We expect IDX to trade mixed with lower tendency as investor concerns on currency depreciation and rising Indonesia treasury yields.
AALI

Sell on Strength

S2 S1 Level R1 R2
11,900 12,500 13,025 13,325 13,975

AALI edged higher but with a position its rather strong horizontal resistance possibly trimming a further upside potential.

INCO

Sell on Strength

S2 S1 Level R1 R2
3,430 3,610 3,810 3,860 4,000

INCO still continue trading higher but closed near horizontal resistance and overbought RSI trend that could limit the upswing.

LSIP

Hold

S2 S1 Level R1 R2
1,095 1,150 1,225 1,260 1,310

LSIP has a chance to continue rally after ended trading with high volume. The rally will valid if LSIP break above recent high level (R1).

Sell on Strength

S2 S1 Level R1 R2
1,800 1,875 1,935 2,010 2,110

PGAS was in the negative territory with a dark cloud cover pattern near its horizontal support. A break on this support would once again create a downside potential.

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Kiwoom Trader 22 Mei 2018

Bursa Eropa bergerak mixed namun Dow Jones berhasil naik 1.2% pada level 25,013 setelah Menteri Keuangan Amerika mengungkapkan kesepakatan dengan Pemerintah China untuk menghentikan sementara saling menggertak terkait kebijakan perdagangan antara kedua negara. Bursa regional diperdagangkan mixed cenderung menurun pagi ini. IHSG turun dibawah level terendah sebelumnya pada awal Mei seiring berlanjutnya aksi jual investor asing. Kami memperkirakan IHSG bergerak mixed dengan kecenderungan negatif dibayangi depresiasi Rupiah serta kecenderungan kenaikan yield obligasi Pemerintah Indonesia.

Stock Closing Rec. S2 S1 R1 R2
AALI 13,025 Sell on Strength 11,900 12,500 13,325 13,975
INCO 3,810 Sell on Strength 3,430 3,610 3,860 4,000
LSIP 1,225 Hold 1,095 1,150 1,260 1,310
PGAS 1,935 Sell on Strength 1,800 1,875 2,010 2,110

Daily Research 16 Mei 2018

S2 S1 IDX R1 R2
5,699.3 5,774.7 5,838.1 6,070.7 6,183.4
  • Dow Jones closed 0.8% lower at 24,706 as US Treasury yield rise to 3.06% this morning.
  • Sentiment on rising global treasury yield cap positive momentum as regional market traded lower this morning.
  • IDX down to test recent low level at 5,774.
  • We expect IDX to trade lower on concerns of rising global interest rates while EIDO also closed 3.8% lower at 24.21, may add pressure to IDX at the opening.
INCO

Sell on Strenght

S2 S1 Level R1 R2
3,200 3,375 3,500 3,660 3,860

INCO was on an upside turn with presence of resistance that could limit the positive opportunity.

JPFA

Sell on Strength

S2 S1 Level R1 R2
1,515 1,560 1,610 1,650 1,700

JPFA closed the session higher near recent high with a thin volume that could limit the upswing.

SSMS

Trading Buy

S2 S1 Level R1 R2
950 1,000 1,115 1,160 1,250

SSMS closed the trading higher with a strong volume after on a weak trend in the last several days creating a technical rebound.

UNTR

Trading Buy

S2 S1 Level R1 R2
31,650 33,625 34,700 35,800 37,900

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

Kiwoom Trader 16 Mei 2018

Bursa Eropa bergerak mixed namun Dow Jones turun 0.8% pada level 24,706 seiring kenaikan tinngkat imbal hasil obligasi Pemerintah Amerika yang berada pada level 3.06% pagi ini. Sentimen kenaikan tingkat bunga tersebut membayangi pergerakan bursa regional pagi ini yang bergerak cenderung menurun. IHSG turun menguji level terendah sebelumnya pada 5,774. Kami memperkirakan IHSG turun hari ini dipicu sentimen kenaikan bunga global serta penurunan EIDO sebesar 3.8% pada level 24.21.

Stock Closing Rec. S2 S1 R1 R2
INCO 3,500 Sell on Strength 3,200 3,375 3,660 3,860
JPFA 1,610 Sell on Strength 1,515 1,560 1,650 1,700
SSMS 1,115 Trading Buy 950 1,000 1,160 1,250
UNTR 34,700 Sell on Strength 31,650 33,625 35,800 37,900

Kiwoom Trader 16 April 2018

Bursa Eropa ditutup sedikit menguat akhir pekan lalu. Dow Jones turun 0.5% pada level 24,360 dipicu koreksi saham sektor bank seiring keluarnya kinerja keuangan 1Q 2018. Bursa global dibayangi isu geopolitik pasca serangan rudal ke Syria yang dipimpin Inggris, Perancis, dan Amerika Serikat. Bursa regional diperdagangkan mendatar pagi ini. IHSG ditutup negatif hari Jumat untuk menguji level support kendati Indonesia mendapat kenaikan peringkat utang dari Moody’s. Kami memperkirakan IHSG bergerak mendatar hari ini dibayangi faktor eksternal.

Stock Closing Rec. S2 S1 R1 R2
BBNI 8,825 Sell On Strength 8,200 8,575 8,975 9,350
INCO 3,230 Hold 3,020 3,150 3,330 3,480
MAPI 8,300  Sell On Strength 7,700 7,900 8,500 8,700
SIDO 745  Sell On Strength 657 690 760 780

 

Daily Research 16 April 2018

S2 S1 IDX R1 R2
6,179.4 6,244.4 6,270.3 6,410.7 6,500.8
  • Dow Jones closed 0.5% lower at 24,360 as bank
    shares dropped after published 1Q 2018 financial
    results. Geopolitical tensions increase as US, UK and
    France strike Syrian facilities.
  • Regional market traded sideways this morning.
  • IDX closed lower last Friday to test its support levels
    although Moody’s lift Indonesia credit rating.
  • We expect IDX to trade sideways today as external
    factors weigh sentiments. y
BBNI

Sell On Strength

S2 S1 Level R1 R2
8,200 8,575 8,825 8,979 9,350

BBNI closed the session higher in short term diagonal resistance and with a thin volume that could limit up swing.

INCO

Hold

S2 S1 Level R1 R2
3,020 3,150 3,230 3,330 3,480

INCO closed the session higher above its short horizontal resistance with high enough volume indicating another upside potential.

MAPI

Sell on Strength

S2 S1 Level R1 R2
7,700 7,900 8,300 8,500 8,700

MAPI closed the session higher in diagonal resistance area with a thin volume that could limit the upswing.

SIDO

Sell on Strength

S2 S1 Level R1 R2
675 690 745 760 780

SIDO closed the session higher with a thin volume and overbought RSI trend suggesting a limited upside potential.

Kiwoom Trader 04 April 2018

Bursa Eropa diperdagangkan menurun pada hari pertama perdagangan setelah libur Paskah. Dow Jones naik 1.6% pada level 24,033 dipicu rebound saham sektor teknologi. Bursa regional diperdagangkan mixed pagi ini seiring pernyataan duta besar China untuk Amerika atas pernyataan Pemerintah China akan melakukan tindakan terkait kebijakan tarif Pemerintah Amerika dalam waktu dekat. Candlestick IHSG membentuk pola bearish harami sehingga berpotensi terjadi koreksi lanjutan. Kami memperkirakan IHSG bergerak mixed hari ini karena potensi teknikal rebound dibayangi kekuatiran investor global atas perang dagang Amerika-China.

Stock Closing Rec. S2 S1 R1 R2
GJTL 890 Hold 750 800 905 955
INCO 3,000 Sell on strength 2,750 2,850 3,090 3,190
INTP 16,200 Speculative Buy 15,000 15,700 16,775 17,675
ITMG 26,975 Sell on strength 24,850 26,000 28,500 30,075