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.

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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