Daily Research 8 Juni 2018

S2 S1 IDX R1 R2
5,946.5 6,037.4 6,106.7 6,179.4 6,246.1
  • Dow Jones gained 0.4% closed at 25,241.4 backed by McDonald’s shares.
  • Regional market traded slightly lower this morning as investor realized profits ahead of long holiday.
  • IDX closed above 200 days exponential moving average (EMA) on its consolidation pattern.
  • We expect IDX to trade lower today as the market prepares for more than a week long holiday while global investor tend to wait and see results of FOMC and ECB meeting next week.
BBRI

Hold

S2 S1 Level R1 R2
3,030 3,150 3,270 3,340 3,460

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

JPFA

Speculative Buy

S2 S1 Level R1 R2
1,515 1,560 1,575 1,650 1,700

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

KLBF

Sell on Strength

S2 S1 Level R1 R
1,365 1,410 1,465 1,505 1,600

KLBF managed a rather positive turn followed volume but the presence of diagonal resistance that could limit the current upswing.

MEDC

Hold

S2 S1 Level R1 R2
1,025 1,085 1,180 1,245 1,300

MEDC has a chance to continue rally after ended trading with high enough volume. The rally will valid if MEDC break above recent diagonal resistance.

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Kiwoom Trader 8 Juni 2018

Bursa Eropa turun tipis seiring pembicaraan ECB untuk mulai mengakhiri quantitative easing (QE) dalam rapat ECB minggu depan sehingga paket stimulus dapat dihentikan akhir tahun ini. Dow Jones naik 0.4% ditutup pada level 25,241.4 didukung saham McDonald’s. Bursa regional diperdagangkan sedikit turun pagi ini dibayangi aksi profit taking. IHSG ditutup diatas garis exponential moving average (EMA) 200 hari dalam periode konsolidasi. Namun demikian kami memperkirakan IHSG bergerak cenderung menurun hari ini memasuki libur Lebaran dimana pasar global menanti hasil rapat FOMC dan ECB pekan depan.

Stock Closing Rec. S2 S1 R1 R2
BBRI 3,270 Hold 3,030 3,150 3,340 3,460
JPFA 1,575 Speculative Buy 1,515 1,560 1,650 1,700
KLBF 1,465 Sell on Strength 1,365 1,410 1,505 1,600
MEDC 1,180 Hold 1,025 1,085 1,245 1,300

Daily Research 16 Mei 2018

S2 S1 IDX R1 R2
5,699.3 5,774.7 5,838.1 6,070.7 6,183.4
  • Dow Jones closed 0.8% lower at 24,706 as US Treasury yield rise to 3.06% this morning.
  • Sentiment on rising global treasury yield cap positive momentum as regional market traded lower this morning.
  • IDX down to test recent low level at 5,774.
  • We expect IDX to trade lower on concerns of rising global interest rates while EIDO also closed 3.8% lower at 24.21, may add pressure to IDX at the opening.
INCO

Sell on Strenght

S2 S1 Level R1 R2
3,200 3,375 3,500 3,660 3,860

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

JPFA

Sell on Strength

S2 S1 Level R1 R2
1,515 1,560 1,610 1,650 1,700

JPFA closed the session higher near recent high with a thin volume that could limit the upswing.

SSMS

Trading Buy

S2 S1 Level R1 R2
950 1,000 1,115 1,160 1,250

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

UNTR

Trading Buy

S2 S1 Level R1 R2
31,650 33,625 34,700 35,800 37,900

UNTR closed the session lower with bearish engulfing pattern indicating a further downturn.

Kiwoom Trader 16 Mei 2018

Bursa Eropa bergerak mixed namun Dow Jones turun 0.8% pada level 24,706 seiring kenaikan tinngkat imbal hasil obligasi Pemerintah Amerika yang berada pada level 3.06% pagi ini. Sentimen kenaikan tingkat bunga tersebut membayangi pergerakan bursa regional pagi ini yang bergerak cenderung menurun. IHSG turun menguji level terendah sebelumnya pada 5,774. Kami memperkirakan IHSG turun hari ini dipicu sentimen kenaikan bunga global serta penurunan EIDO sebesar 3.8% pada level 24.21.

Stock Closing Rec. S2 S1 R1 R2
INCO 3,500 Sell on Strength 3,200 3,375 3,660 3,860
JPFA 1,610 Sell on Strength 1,515 1,560 1,650 1,700
SSMS 1,115 Trading Buy 950 1,000 1,160 1,250
UNTR 34,700 Sell on Strength 31,650 33,625 35,800 37,900

Daily Research 03 April 2018

S2 S1 IDX R1 R2
6,054.6 6,137.3 6,240.6 6,292.3 6,386.2
  • Dow Jones closed 1.9% lower at 23,644 as Chinese Government set list of US products that will subject to increased import tariffs while US Government expected to announce list of Chinese tech products that will subject to higher import tariff this week.
  • Regional market traded lower this morning with Nikkei225 down 1.3% followed by Kospi with 1% lower and AORD with 0.2% loss.
  • IDX closed positive yesterday tried to close downside gap formed at the end of March.
  • We expect IDX to trade negative today clouded by concerns of global trade war.
ERAA

Sell on Strength

S2 S1 Level R1 R2
1,105 1,185 1,295 1,315 1,400

ERAA closed the session higher with a thin volume and near its recent high that could limit the upswing.

JPFA

Sell on Strength

S2 S1 Level R1 R2
1,405 1,450 1,595 1,620 1,660

JPFA closed the session higher with long white candle pattern near its recent high and without volume that could limit the upswing.

PTBA

Sell on strength

S2 S1 Level R1 R2
2,790 2,950 3,060 3,120 3,270

PTBA closed the session higher in short term diagonal resistance and with a thin volume that could limit up swing.

PTPP

Sell on strength

S2 S1 Level R1 R2
2,490 2,620 2,740 2,800 2,900

PTPP closed the session higher in horizontal resistance with a thin volume that could limit the upswing.

Kiwoom Trader 03 April 2018

Bursa Eropa tutup libur Paskah. Dow Jones turun 1.9% pada level 23,644 seiring kekuatiran investor atas langkah Pemerintah China dalam menetapkan tarif impor tambahan atas produk Amerika. Pemerintah Amerika akan mengeluarkan daftar produk teknologi China yang akan dikenakan tarif impor lebih tinggi minggu ini. Bursa regional dibuka menurun pagi ini dengan Nikkei225 turun 1.3% diikuti Kospi turun 1%, dan AORD turun 0.2%. IHSG diperdagangkan positif kemarin untuk mencoba menutup downside gap yang terjadi akhir Maret lalu. Namun demikian sentimen perdagangan global dapat memicu koreksi IHSG hari ini. Secara keseluruhan kami memperkirakan IHSG bergerak cenderung negatif hari ini.

Stock Closing Rec. S2 S1 R1 R2
ERAA 1,295 Sell on strength 1,105 1,185 1,315 1,400
JPFA 1,595 Sell on strength 1,405 1,450 1,620 1,660
PTBA 3,060 Sell on strength 2,790 2,950 3,120 3,270
PTPP 2,740 Sell on strength 2,490 2,620 2,800 2,900

 

Kiwoom Trader 22 February 2018


Bursa Eropa bergerak mixed dengan Dow Jones turun 0.7% pada level 24,797 seiring kekuatiran investor atas potensi kenaikan suku bunga Amerika. Notulen rapat FOMC yang dirilis menunjukkan membaiknya persepsi perbaikan pertumbuhan ekonomi yang juga didukung oleh inflasi yang mulai meningkat. Potensi kenaikan suku bunga Amerika memicu kenaikan US Dollar Index ke atas level 90, memicu depresiasi kurs Rupiah diatas level Rp 13,600 per US$. Candlestick IHSG membentuk pola doji sehingga rentan mengalami koreksi teknikal hari ini. Kami memperkirakan IHSG bergerak mixed cenderung menurun hari ini.

Stock Closing Rec. S2 S1 R1 R2
BTPN 3,690 Trading Buy 3,170 3,300 3,900 4,070
INTP 21,800 Trading Buy 20,550 20,975 22,000 23,000
JPFA 1,530 Sell on Strength 1,395 1,465 1,600 1,700
PGAS 2,720 Trading Buy 2,460 2,610 2,860 2,950

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