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.

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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.