Daily Research 28 Mei 2018

S2 S1 IDX R1 R2
5,783.3 5,783.3 5,975.7 6,079.9 6,178.7
  • Dow Jones closed 0.2% lower at 24,753 as world oil prices are drop again and gives the pressure to the energy sector shares. Saudi Arabia and Russia discuss an increase in oil production of around 1 million barrels per day.
  • Regional market traded mixed this morning due to lack of positive catalyst.
  • IDX’s candlestick formed inverted hammer pattern last Friday which indicate existence of selling pressure.
  • However we expect IDX to trade mixed today as investor tends to take profits. Rupiah depreciation and weak bond market also limit IDX’s positive momentum today.
BBNI

Sell on Strength

S2 S1 Level R1 R2
7,125 7,500 7,975 8,200 8,650

BBNI closed the session higher with long white candle pattern but with a thin volume and near its diagonal resistance that could limit the upswing.

BTPN

Trading Buy

S2 S1 Level R1 R2
3,080 3,190 3,530 3,590 3,690

BTPN closed the session higher with long white candle pattern after break above previous recent high with higher volume indicating another upside potential.

CPIN

Sell on Strength

S2 S1 Level R1 R
3,430 3,540 3,750 3,840 3,950

CPIN closed the session higher with long white candle pattern but with a thin volume and near its resistance level that could limit the upswing.

INTP

Sell on Strength

S2 S1 Level R1 R2
16,700 17,500 18,450 18,800 19,600

INTP closed the session higher with long white candle pattern but with a thin and a presence of its several resistance level that could limit the upside turn.

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Kiwoom Trader 10 April 2018

Bursa Eropa dan Amerika diperdagangkan positif kemarin seiring meredanya kekuatiran perang dagang. Perdagangan intraday Dow Jones menunjukkan kenaikan lebih dari 400 poin namun Dow Jones ditutup naik 46.3 poin pada level 23,979.1 seiring pemberitaan FBI melakukan pemeriksaan atas pengacara Presiden Trump. Bursa regional dibuka cenderung menurun pagi ini dengan Kospi turun 0.7%, Nikkei225 turun 0.4%, dan AORD turun 0.2%. IHSG naik kemarin mencoba menutup gap turun pada level 6,254. Kami memperkirakan IHSG bergerak mixed hari ini menjelang keluarnya kinerja keuangan 1Q 2018.

Stock Closing Rec. S2 S1 R1 R2
BRPT 2,360 Trading Buy 2,150 2,290 2,420 2,530
INTP 18,850 Trading Buy 16,500 17,225 19,200 19,850
MEDC 1,245 Trading Buy 1,075 1,140 1,300 1,365
UNTR 34,475 Sell on strength 30,425 32,400 35,400 37,000

 

Daily Research 10 April 2018

S2 S1 IDX R1 R2
5,952.1 6,054.6 6,246.1 6,292.3 6,386.2
  • European and American market traded positive as global trade war issues subdued. Dow Jones gained 46.3 points (+0.2%) at 23,979.1 with EIDO increased 1.4% at 26.94.
  • Regional market traded lower this morning with Kospi down 0.7%, Nikkei225 down 0.4%, and AORD down 0.2%.
  • IDX traded higher yesterday try to close downside gap formed since 6,254.
  • We expect IDX to trade mixed today as the market anticipate release of 1Q 2018 financial results.
BRPT

Trading Buy

S2 S1 Level R1 R2
2,150 2,290 2,360 2,420 2,530

BRPT was in the positive side followed by a full white candle and higher volume indicating a still favorable potential.

INTP

Trading Buy

S2 S1 Level R1 R2
16,500 17,225 18,850 19,200 19,850

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

MEDC

Trading Buy

S2 S1 Level R1 R2
1,075 1,140 1,245 1,300 1,365

MEDC closed the session higher after break above diagonal resistance with higher volume indicating another upside potential.

UNTR

Sell on Strength

S2 S1 Level R1 R2
30,425 32,400 34,475 35,400 37,000

UNTR are relatively up but with a closer near horizontal resistance suggesting could trim the upside turn.

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

 

Daily Research 04 April 2018

S2 S1 IDX R1 R2
6,054.6 6,137.3 6,229.0 6,292.3 6,386.2
  • Dow Jones closed 1.6% higher at 24,033 as tech stocks rebound.
  • Regional market traded mixed this morning after Chinese ambassador to US said that his Government will take measures to fight back US trade policy in near term.
  • IDX’s candlestick formed bearish harami pattern which could trigger another correction.
  • We expect IDX to trade mixed today as investor concerns over US-China trade war.
GJTL

Hold

S2 S1 Level R1 R2
750 800 890 905 955

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

INCO

Sell on Strength

S2 S1 Level R1 R2
2,750 2,850 3,000 3,090 3,190

INCO moved higher with a long white candle pattern with the presence of several resistances that could limit the upswing.

INTP

Speculative Buy

S2 S1 Level R1 R2
15,000 15,700 16,200 16,775 17,675

INTP closed the session higher with hammer pattern and oversold RSI trend with higher volume indicating another upside potential.

ITMG

Sell on strength

S2 S1 Level R1 R2
24,850 26,000 26,975 28,500 30,075

ITMG took a negative turn with a high volume, along black candle suggesting a further down.

Daily Research 26 March 2018

S2 S1 IDX R1 R2
5,972.3 6,054.6 6,210.7 6,251.5 6,353.7
  • Dow Jones closed 1.8% lower at 23,533 while EIDO closed 0.9% lower at 26.33. Global market traded lower triggered by fear of global trade war.
  • Regional market opened lower with Nikkei225 lead decline with 1.2% loss this morning.
  • IDX traded lower below long-term diagonal support line which may trigger another correction.
  • In all we expect IDX to trade lower today as foreign investors keep selling Indonesian equities.
CTRA

Hold

S2 S1 Level R1 R2
1,055 1,090 1,115 1,185 1,225

CTRA ended the trading negatively near its horizontal support with a thin volume and a presence of its several support levels that could dampen a further downside movement.

ELSA

Speculative Buy

S2 S1 Level R1 R2
406 434 464 496 530

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

INTP

Trading Buy

S2 S1 Level R1 R2
16,000 16,950 17,425 18,100 19,400

INTP still carried on the weak turn but with a hammer pattern and position near support that could create a rebound potential.

ITMG

Sell on Strength

S2 S1 Level R1 R2
26,000 27,500 28,900 30,075 31,700

ITMG moved higher in the last 3 days but with the presence of its diagonal resistance that could trim the upside opportunity

Kiwoom Trader 26 March 2018

Bursa Eropa dan Amerika diperdagangkan negatif akhir pekan lalu dipicu kekuatiran perang dagang global. Dow Jones turun 1.8% pada level 23,533 dengan EIDO turun 0.9% pada level 26.33. Bursa regional dibuka menurun pagi ini dengan Nikkei225 turun 1.2%. IHSG ditutup melemah dibawah garis diagonal support jangka panjang sehingga berpotensi mengalami koreksi lanjutan. Kami memperkirakan IHSG bergerak menurun hari ini seiring masih berlanjutnya aksi jual investor asing.

Stock Closing Rec. S2 S1 R1 R2
CTRA 1,115 Hold 1,055 1,090 1,185 1,225
ELSA 464 Speculative Buy 406 434 496 530
INTP 17,425 Trading Buy 16,000 16,950 18,100 19,400
ITMG 28,900 Sell on Strength 26,000 27,500 30,075 31,700