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 21 Mei 2018

S2 S1 IDX R1 R2
5,647.4 5,734.2 5,783.3 5,919.2 5,994.6
  • Dow Jones up by only 1.1 point at 24,715 after US President comment on US- China trade talk.
  • Regional market traded sideways this morning.
  • IDX traded down last week near recent low at 5,774 earlier this month as foreign investor keep selling equities, triggered Rupiah depreciation even after BI raised benchmark rate, BI7DRR.
  • We expect IDX to trade lower today due to pressure on the currency on rising US treasury yield which pushed US Dollar Index to the upside.
BBRI

Buy on Weakness

S2 S1 Level R1 R2
2,750 2,875 2,940 3,040 3,140

BBRI continued the weak turn but with the presences of several supports that could slow down the current downswing.

HRUM

Sell on Strength

S2 S1 Level R1 R2
2,590 2,740 2,850 2,940 3,070

HRUM was in the positive side but with a closer near its horizontal resistance that could limit upswing.

KLBF

Hold

S2 S1 Level R1 R2
1,220 1,250 1,270 1,360 1,430

KLBF ended the trading negatively in diagonal support area and oversold RSI trend that could dampen a further downside movement.

PTBA

Trading Buy

S2 S1 Level R1 R2
3,300 3,430 3,690 3,800 3,900

PTBA closed the session higher after break above resistance line with higher volume indicating another upside potential.

Kiwoom Trader 21 Mei 2018

Bursa Eropa dan Amerika bergerak mixed cenderung menurun seiring kekuatiran hubungan perdagangan Amerika-China. Dow Jones hanya naik 1.1 poin pada level 24,715. Bursa regional diperdagangkan mendatar pagi ini. IHSG turun mendekati level terendah sebelumnya pada level 5,774 pada awal Mei seiring berlanjutnya aksi jual investor asing seiring depresiasi Rupiah pasca kenaikan BI7DRR. Kami memperkirakan IHSG bergerak cenderung menurun hari ini seiring tingginya tekanan terhadap Rupiah akibat kenaikan yield obligasi Pemerintah Amerika yang menopang kenaikan US Dollar Index.

Stock Closing Rec. S2 S1 R1 R2
BBRI 2,940 Buy on Weakness 2,750 2,875 3,040 3,140
HRUM 2,850 Sell on Strength 2,590 2,740 2,940 3,070
KLBF 1,270 Hold 1,220 1,250 1,360 1,430
PTBA 3,690 Trading Buy 3,300 3,430 3,800 3,900

Daily Research 24 April 2018

S2 S1 IDX R1 R2
6,179.4 6,244.4 6,308.2 6,369.3 6,444.5
  • Dow Jones closed 14.3 points lower at 24,448.7
    dragged by negative sentiments on tech sector and
    increase of 10-year US Government bond yield which
    nears 3% levels.
  • Regional market traded slightly positive this morning.
  • IDX traded lower as foreign investor booked IDR 1
    Trillion net sell yesterday.
  • In all we expect IDX to trade mixed with negative
    tendency today as sentiments affected by Rupiah
    depreciation and tendency of rising global interest
    rates.
ERAA

Sell on Strength

S2 S1 Level R1 R2
1,105 1,185 1,320 1,350 1,400

ERAA closed the session higher with long white candle pattern and break above recent high slightly with a thin volume that could limit the upswing.

KLBF

Sell on Strength

S2 S1 Level R1 R2
1,455 1,500 1,525 1,575 1,620

KLBF was on the weak side followed by a long black candle indicating a still weak potential.

TBLA

Sell on strength

S2 S1 Level R1 R2
1,175 1,230 1,290 1,355 1,405

TBLA closed the session higher after break above horizontal resistance with higher volume indicating another upside potential.

UNTR

Sell on Strength

S2 S1 Level R1 R2
34,025 35,400 37,600 38,975 39,975

UNTR closed the session higher near its diagonal resistance area with a thin volume and overbought RSI trend that could limit the upswing.

Kiwoom Trader 24 April 2018

Bursa Eropa dan Amerika bergerak mixed. Dow Jones turun 14.3 poin pada level 24,448.7 dibayangi sentimen negatif penurunan saham sektor teknologi serta kenaikan tingkat imbal hasil obligasi Pemerintah Amerika yang hampir menyentuh level 3%. Bursa regional diperdagangkan positif. IHSG sedikit turun kemarin seiring aksi jual investor asing yang mencapai Rp 1 Triliun. Kami memperkirakan IHSG bergerak mixed cenderung menurun hari ini dibayangi sentimen negatif depresiasi Rupiah serta kecenderungan kenaikan tingkat bunga global.

Stock Closing Rec. S2 S1 R1 R2
ERAA 1,320  Sell On Strenght 1,105 1,185 1,350 1,400
KLBF 1,525 Sell On Strenght 1,455 1,500 1,575 1,620
TBLA 1,290 Trading Buy 1,175 1,230 1,355 1,405
UNTR 37,600  Sell On Strenght 34,025 35,400 38,975 39,975

 

Kiwoom Trader 13 April 2018

Dow Jones rebound 1.2% ditutup pada level 24,483.1 setelah pernyataan Presiden Amerika bahwa dia tidak pernah mengatakan akan menyerang Suriah dan keluarnya beberapa laporan keuangan perbankan. Bursa regional diperdagangkan positif pada pagi ini. IHSG ditutup melemah di area diagonal support menutup upside gap sehingga berpotensi menguat pada hari ini. Kami memperkirakan IHSG bergerak mixed cenderung positif hari ini.

Stock Closing Rec. S2 S1 R1 R2
ELSA 488 Hold 406 434 496 530
KLBF 1,595  Sell On Strength 1,520 1,560 1,620 1,655
PTBA 3,420  Sell On Strength 3,050 3,240 3,570 3,700
TLKM 3,750  Sell On Strength 3,530 3,660 3,860 4,000