Daily Research 21 July 2017

S2 S1 IDX R1 R2
5,702.9 5,769.6   5,825.2 5,865.4 5,910.2
  • Dow Jones closed 0.13% lower at 21,611.78 levels as the market doubt Trump’s administration’s ability to implement pro-growth proposals.
  • Regional bourses traded lower this morning after Mario Draghi’s comment during ECB meeting sessions which indicates that talks about current monetary policy changes (taper) should start this fall.
  • IDX traded higher yesterday but still near its strong diagonal support line.
  • We expect IDX to trade sideways today as foreign investors keep book net sell on Indonesian equities.
ADHI

Trading Buy

S2 S1 Level R1 R2
1,895 2,000 2,180 2,250 2,330

ADHI ended the trading positively with a long white candle pattern also supported by a high volume indicating another upside potential.

ADRO

Sell on Strength

S2 S1 Level R1 R2
1,600 1,700 1,820 1,840 1,930

ADRO closed the session higher with high volume but a presence of its several level resistance and near its overbought RSI trend that could limit the upside turn.

CTRA

Buy on Weakness

S2 S1 Level R1 R2
1,030 1,090 1,135 1,185 1,250

CTRA was on the weak side during the last 6 days but with the presence of its diagonal support in which expectedly could trim the downswing.

ITMG

Sell on Strength

S2 S1 Level R1 R2
19,200 20,450 21,600 22,200 23,500

ITMG was in the positive side with a long white candle. But so, a position near its recent high would have the chance to dampen the gaining turn.

* 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 21 July 2017

Dow Jones turun 0.13% ditutup pada level 21,611.78 dibayangi keraguan pasar atas kepemimpinan Presiden untuk kemajuan ekonomi. Konsul khusus Amerika akan segera memulai pemeriksaan terkait kebijakan bisnis pribadi Donald Trump dan keluarganya. Bursa regional diperdagangkan cenderung turun pagi ini setelah pasar mendengar komentar Draghi dalam rapat ECB yang mengisyaratkan kajian atas perubahan kebijakan QE (taper) dilakukan pada musim gugur akhir tahun ini. IHSG sedikit naik namun masih berada dekat dengan garis diagonal support kuat. Potensi penguatan IHSG masih dibayangi aksi jual investor asing. Kami memperkirakan IHSG bergerak cenderung mendatar hari ini.

Stock Closing Rec. S2 S1 R1 R2
ADHI 2,180 Trading Buy 1,895 2,000 2,250 2,330
ADRO 1,820 Sell on Strength 1,600 1,700 1,840 1,930
CTRA 1,135 Buy on Weakness 1,030 1,090 1,185 1,250
ITMG 21,600 Sell on Strength 19,200 20,450 22,200 23,500

*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,

Kiwoom Trader 14 July 2017

 

Dow Jones naik 0.1% pada level 21,553.1. Yield obligasi Pemerintah Amerika Serikat dan Jerman naik seiring dimulainya pembicaraan tapering yang akan dilakukan ECB. Harga minyak cenderung naik didukung berkurangnya tingkat persediaan minyak Amerika serta kuatnya permintaan energi dari China. IHSG naik kemarin dengan upside gap serta candlestick membentuk pola hanging man. IHSG rentan mengalami koreksi hari ini ditengah masih cukup tingginya minat jual investor asing. Kami memperkirakan IHSG bergerak cenderung menurun hari ini.

Stock Closing Rec. S2 S1 R1 R2
BBTN 2,450 Sell on Strength 2,280 2,390 2,560 2,680
BMRI 13,400 Sell on Strength 12,500 12,900 13,500 14,100
ITMG 19,675 Sell on Strength 17,300 18,650 20,450 21,550
SCMA 2,280 Speculative Buy 2,130 2,220 2,450 2,540

*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 03 July 2017

S2 S1 IDX R1 R2
5,691.4 5,749.6   5,829.7 5,874.4 5,930.0
  • Dow Jones closed 0.3% higher last Friday closed at 21,349.6 levels although European bourse traded lower dragged by bank stocks.
  • During a long holiday regional bourses traded relatively sideways.
  • EIDO and oil price each closed 0.5% and 7.5% higher during long holiday.
  • IDX closed at all-time high at the end of June although foreign investors booked relatively high net sell positions.
  • We expect IDX to trade on negative territory today as investors realize profits.
BMRI

Sell on Strength

S2 S1 Level R1 R2
11,750 12,250 12,750 12,900 13,500

BMRI was in the positive side but with a close near its previous high ini which could dampen a further up movement.

EXCL

Sell on Strength

S2 S1 Level R1 R2
3,150 3,280 3,410 3,500 3,600

EXCL closed the session higher near its diagonal resistance without volume that could limit the upswing.

ITMG

Sell on Strength

S2 S1 Level R1 R2
14,850 16,300 17,300 18,475 19,850

ITMG was in the negative territory with a bearish engulfing formation followed by a high volume indicating another downside potential.

PGAS

Speculative Buy

S2 S1 Level R1 R2
2,150 2,230 2,250 2,340 2,430

PGAS ended the trading negatively with a high volume and a presence of its several support levels 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 03 July 2017

Dow Jones naik 0.3% hari Jumat pada level 21,349.6 namun bursa kawasan Eropa mengalami koreksi seiring tertekannya saham sektor bank. Selama pasar Indonesia tutup seminggu bursa kawasan regional diperdagangkan relatif mendatar. EIDO dan harga minyak masing-masing naik 0.5% dan 7.5% selama pasar Indonesia libur. IHSG ditutup pada level tertinggi baru pada 22 Juni lalu namun investor asing membukukan posisi jual bersih yang cukup tinggi. Kami memperkirakan IHSG bergerak cenderung menurun hari ini seiring aksi ambil untung investor setelah IHSG mengalami window dressing akhir Juni lalu.

Stock Closing Rec. S2 S1 R1 R2
BMRI 12,750 Sell on Strength 11,750 12,250 12,900 13,500
EXCL 3,410 Sell on Strength 3,150 3,280 3,500 3,600
ITMG 17,300 Sell on Strength 14,850 16,300 18,475 19,850
PGAS 2,250 Speculative Buy 2,150 2,230 2,340 2,430

*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 12 June 2017

 

S2 S1 IDX R1 R2
5,590.5 5,643.5   5,675.5 5,770.6 5,837.2
  • Dow Jones closed 89.4 point higher at all-time high 21,271.97 levels as market digests former FBI Director’s testimony with the Senate.
  • EIDO closed 1.2% lower at 26.66 last Friday.
  • IDX closed below strong diagonal support line, which also breaks below its recent low level, as foreign investors realized profits.
  • We expect IDX to trade in negative territory today.
BBCA

Buy on Weakness

S2 S1 Level R1 R2
16,550 17,075 17,700 18,500 19,000

 

BBCA closed the session lower near diagonal support with a thin volume that could dampen a further downside movement.

PGAS

Buy on Weakness

S2 S1 Level R1 R2
2,200 2,290 2,340 2,430 2,540

 

PGAS still carried on the downside turn but only with a thin volume so that any further downturn maybe in a limited range.

SMGR

Trading Buy

S2 S1 Level R1 R2
8,600 8,900 9,375 9,575 9,825

 

SMGR ended the trading positively followed with a high volume indicating another upside potential.

UNVR

Sell on Strength

S2 S1 Level R1 R2
44,900 46,175 47,550 48,000 50,025

UNVR edged higher nearing its horizontal resistance on Friday in which suggesting that another upside movement maybe in a limited range.

* 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.

Daily Research 09 June 2017

 

S2 S1 IDX R1 R2
5,590.5 5,643.5   5,702.9 5,770.6 5,837.2
  • Dow Jones closed 8.8 point higher at 21,182.5 levels after Senate hearing session with former FBI Director.
  • Exit polls on UK election suggest PM Theresa May win majority at the Parliament but with less seat than previously. ECB meeting decided to leave its benchmark rate unchanged.
  • IDX closed near recent low at 5,693 levels. A break below the level may trigger further correction.
  • We expect IDX to trade in negative territory today.
ADHI

Speculative Buy

S2 S1 Level R1 R2
2,030 2,120 2,170 2,250 2,330

ADHI closed the session lower near diagonal support with a thin volume that could dampen a further downside movement.

CPIN

Buy on Weakness

S2 S1 Level R1 R2
2,970 3,050 3,070 3,200 3,300

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

INDF

Sell on Strength

S2 S1 Level R1 R2
7,950 8,300 8,600 8,925 9,200

INDF was on the negative side with a formation a bearish engulfing yesterday indicating another downside movement.

ITMG

Sell on Strength

S2 S1 Level R1 R2
15,800 16,700 17,450 17,950 19,200

ITMG still moved in the positive side but with the presences of several resistance that could slow down the upside opportunity.

* 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.