Daily Research 27 Juni 2018

S2	S1	IDX	R1	R2
5,664.5	5,780.9	5,825.6	5,946.5	6,068.3

• European and American market traded mixed as the market digest global trade issues. Dow Jones gained 0.1% at 24,283.1 as General Electric shares rebound.
• Regional market traded sideways today.
• Crude oil price rise above US$ 70 per barrel backed by strong global demand.
• IDX’s candlestick formed shooting star pattern near recent low level at 5,821. A break below would trigger further price correction.
• We expect IDX to trade lower today as investor tend to wait and see further development of global trade issue and results of regional election today.

ASII	Trading Buy
S2	S1	Level	R1	R2
6,250	6,525	6,700	6,950	7,225

ASII ended the session higher with a bullish engulfing suggesting a favorable potential.

CPIN	Sell on Strength
S2	S1	Level	R1	R2
3,460	3,580	3,720	3,840	3,950

CPIN closed the session higher near resistance with a thin volume that could limit the upswing.

ITMG	Buy on Weakness
S2	S1	Level	R1	R
21,175	22,350	22,775	24,100	25,525

ITMG remain in the weak side during a few days in a row. A weak potential would carry on its recent low and support are broken down.

KRAS	Trading Buy
S2	S1	Level	R1	R2
426	448	500	525	550

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

Kiwoom Trader 27 Juni 2018

Bursa Eropa dan Amerika bergerak mixed seiring kekuatiran pasar atas perang dagang global. Dow Jones naik 0.1% pada level 24,283.1 seiring rebound saham General Electric. Bursa regional bergerak mendatar pagi ini. Harga minyak mentah dunia naik diatas level US$ 70 per barrel didukung tingginya permintaan global. Candlestick IHSG membentuk pola shooting star dekat level terendah sebelumnya pada 5,821. Penembusan ke bawah level tersebut berpotensi memicu koreksi lanjutan. Kami memperkirakan IHSG bergerak cenderung menurun hari ini seiring aksi investor menunggu perkembangan isu perdagangan global serta hasil Pilkada 27 Juni.

Stock	Closing	Rec.	S2	S1	R1	R2
ASII	6,700	Trading Buy	6,250	6,525	6,950	7,225
CPIN	3,720	Sell On Strenghth	3,460	3,580	3,840	3,950
ITMG	22,775	Buy on Weakness	21,175	22,350	24,100	25,525
KRAS	500	Trading Buy	426	448	525	550

Daily Research 6 Juni 2018

S2	S1	IDX	R1	R2
5,833.6	5,907.9	6,088.8	6,138.1	6,240.6

• Dow Jones closed 13.7 point lower at 24,799.98 as trade worries weigh on broader market while Nasdaq booked new record high.
• Regional market traded flat as investor tend to wait and see further development of trade talks.
• IDX closed higher above recent high backed by speculative buy actions. However EIDO closed 1% lower at 25.78 which may give pressure for IDX at the opening session.
• In all we expect IDX to trade mixed today ahead of long Lebaran holiday next week.

ERAA	Sell on Strength
S2	S1	Level	R1	R2
2,200	2,500	2,770	2,920	3,040

ERAA was in the negative side with a shooting star pattern suggesting a further downside movement.

ITMG	Trading Buy
S2	S1	Level	R1	R2
25,150	26,300	28,200	28,900	30,525

ITMG closed the session higher with long white candle and break above high recent level with higher volume indicating another upside potential.

RALS	Hold
S2	S1	Level	R1	R
1,330	1,380	1,485	1,500	1,550

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

UNTR	Trading Buy
S2	S1	Level	R1	R2
34,650	35,200	36,500	37,500	38,200

UNTR ended the trading positively with a long white candle pattern suggesting another favorable potential.

Kiwoom Trader 6 Juni 2018

Bursa Eropa dan Amerika ditutup cenderung menurun kemarin menjelang pertemuan G-7 akhir pekan ini. Dow Jones turun 13.7 poin ditutup pada level 24,799.98 dibayangi isu perdagangan kendati Nasdaq membukukan rekor tertinggi baru. IHSG naik diatas level tertinggi sebelumnya seiring aksi spekulasi beli investor. Namun demikian EIDO turun 1% pada level 25.78 sehingga dapat memberi tekanan terhadap IHSG pagi ini. Dengan demikian kami memperkirakan IHSG bergerak cenderung mixed hari ini menjelang libur panjang Lebaran.

Stock	Closing	Rec.	S2	S1	R1	R2
ERAA	2,770	Sell on Strength	2,200	2,500	2,920	3,040
ITMG	28,200	Trading Buy	25,150	26,300	28,900	30,525
RALS	1,485	Hold	1,330	1,380	1,500	1,550
UNTR	36,500	Trading Buy	34,650	35,200	37,500	38,200

Daily Research 15 Mei 2018

S2	S1	IDX	R1	R2
5,749.3	5,858.7	5,947.2	6,070.7	6,183.4

• Dow Jones closed 0.3% higher at 24,899 as US-China trade tension eased.
• Regional market traded flat this morning due to lack of positive catalyst.
• IDX’s candlestick formed hammer pattern yesterday with intraday downside tail closed upside gap formed last week.
• We expect IDX to trade mixed with negative tendency as the market clouded by negative sentiments from capital outflow while US treasury yield reach 3% mark.

BWPT	Trading Buy
S2	S1	Level	R1	R2
160	170	191	210	222

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

ITMG	Sell on Strength
S2	S1	Level	R1	R2
22,400	24,500	25,900	26,550	27,875

ITMG took an upside near its diagonal resistance with a high enough volume that could limit the upswing.

PTBA	Sell on Strength
S2	S1	Level	R1	R2
3,300	3,430	3,560	3,600	3,700

PTBA closed the session higher after break above resistance line with a thin volume that could limit the upswing.

TLKM	Trading Buy
S2	S1	Level	R1	R2
3,400	3,490	3,540	3,660	3,880

TLKM moved negatively with higher volume after break below horizontal support indicating a further downturn.

Kiwoom Trader 15 Mei 2018

Bursa Eropa ditutup sedikit turun namun Dow Jones naik 0.3% pada level 24,899 seiring meredanya perang dagang Amerika-China. Bursa regional diperdagangkan mendatar pagi ini seiring sepinya berita penggerak pasar. Candlestick IHSG membentuk pola hammer dengan perdagangan intraday menutup gap naik minggu lalu. Kami memperkirakan IHSG bergerak mixed cenderung menurun hari ini seiring masih tingginya minat jual investor asing.

Stock	Closing	Rec.	S2	S1	R1	R2
BWPT	191	Trading Buy	160	170	210	222
ITMG	25,900	Sell on Strength	22,400	24,500	26,550	27,875
PTBA	3,560	Sell on Strength	3,300	3,430	3,600	3,700
TLKM	3,540	Sell on Strength	3,400	3,490	3,660	3,880

Kiwoom Trader 14 Mei 2018

Bursa Eropa bergerak mixed namun Dow Jones berhasil naik 0.4% pada level 24,831 didukung saham sektor energi yang didukung relatif tingginya harga minyak mentah dunia. Bursa regional diperdagangkan mendatar pagi ini. Candlestick IHSG membentuk pola inverted hammer akhir pekan lalu setelah mengalami rebound, mengindikasikan masih adanya tekanan jual investor. Kami memperkirakan IHSG bergerak mixed dengan kecenderungan menurun hari ini dibayangi sentimen negatif aksi terorisme di Surabaya.

Stock	Closing	Rec.	S2	S1	R1	R2
BMRI	7,200	Sell On Strength	6,625	6,900	7,500	7,825
CTRA	1,005	Trading Buy	900	935	1,055	1,100
HMSP	3,730	Trading Buy	3,300	3,530	3,770	4,000
ITMG	25,625	Trading Buy	21,075	22,475	26,300	27,875

Daily Research 14 Mei 2018

S2	S1	IDX	R1	R2
5,749.3	5,858.7	5,956.8	6,070.7	6,183.4

• Dow Jones closed 0.4% higher at 24,831 backed by energy stocks supported by relatively high crude oil price.
• Regional market traded flat this morning.
• IDX’s candlestick formed inverted hammer pattern last Friday which indicate existence of selling pressure.
• In all we expect IDX to trade mixed with negative tendency today as positive sentiment shadowed by terrorism act in Surabaya yesterday.

BMRI	Sell on Strength
S2	S1	Level	R1	R2
6,625	6,900	7,200	7,500	7,825

BMRI was in the positive side but with a shooting star pattern that could limit upswing.

CTRA	Trading Buy
S2	S1	Level	R1	R2
900	935	1,005	1,055	1,100

CTRA closed the session higher with long white candle pattern after break above diagonal resistance with high enough volume indicating another upside potential.

HMSP	Sell on Strength
S2	S1	Level	R1	R2
3,300	3,530	3,730	3,770	4,000

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

ITMG	Trading Buy
S2	S1	Level	R1	R2
21,075	22,475	25,625	26,300	27,875

ITMG closed the session higher with long white candle pattern followed by high enough volume indicating another upside potential.

Daily Research 19 March 2018

S2	S1	IDX	R1	R2
6,110.2	6,236.2	6,304.9	6,355.0	6,412.3

• European and American market traded mixed last Friday with Dow Jones gain 0.3% at 24,946. US trade policy and the potential hike on 20-21 March FOMC meeting weigh market sentiment this week.
• Regional market traded slightly lower this morning.
• IDX’s candlestick formed hammer last Friday which indicate rebound potential today.
• However we expect IDX to trade mixed with lower tendency today as foreign investors remained net seller on Indonesian equities.

ITMG	Sell on Strength
S2	S1	Level	R1	R2
24,850	26,550	27,825	28,900	30,325

ITMG was in the positive side but with close near horizontal resistance that could limit upswing.

MEDC	Sell on Strength
S2	S1	Level	R1	R2
1,025	1,120	1,230	1,300	1,400

MEDC took a negative turn with a high volume, a long black candle suggesting a further down.

PTPP	Sell on Strength
S2	S1	Level	R1	R2
2,390	2,590	2,750	2,920	3,040

PTPP moved negatively with a long black candle followed by a high volume and also break on its horizontal support suggesting a further downside potential.

UNTR	Buy on Weakness
S2	S1	Level	R1	R2
29,700	31,575	32,575	33,600	35,400

UNTR remained in the weak side during a few days in a row. A weak potential carry on if its recent low and support are broken down.

Kiwoom Trader 19 March 2018

Bursa Eropa dan Amerika diperdagangkan mixed akhir pekan lalu dengan Dow Jones naik 0.3% pada level 24,946. Kebijakan perdagangan Amerika, yang berpotensi memicu perang dagang global, masih membayangi sentimen pasar. Investor global akan mencermati rapat FOMC 20-21 Maret karena adanya potensi kenaikan suku bunga the Fed dalam rapat kali ini. Bursa regional diperdagangkan cenderung menurun pagi ini. Candlestick IHSG membentuk pola hammer hari Jumat yang mengindikasikan potensi rebound hari ini. Kami memperkirakan IHSG bergerak mixed dengan kecenderungan menurun hari ini seiring masih berlanjutnya aksi jual investor asing.

Stock	Closing	Rec.	S2	S1	R1	R2
ITMG	27,825	Sell on Strength	24,850	26,550	28,900	30,325
MEDC	1,230	Sell on Strength	1,025	1,120	1,300	1,400
PTPP	2,750	Sell on Strength	2,390	2,590	2,920	3,040
UNTR	32,575	Buy on Weakness	29,700	31,575	33,600	35,400