Daily Research 29 Juni 2018

S2 S1 IDX R1 R2
5,577.5 5,645.5 5,667.3 5,833.6 5,946.5
  • Dow Jones gained 0.4% and closed at 24,216 backed by rebound on tech and financial shares.
  • Regional market traded flat this morning due to lack of positive catalysts ahead of weekend.
  • Crude oil price rise above US$ 73 per barrel expected to support energy mining sector.
  • IDX break below recent low yesterday and confirmed “inverted flag” pattern with 5,500 level as correction target.
  • We expect IDX to trade lower today as foreign investor tend to avoid emerging market equities for a while.
BBNI

Buy on Weakness

S2 S1 Level R1 R2
6,250 6,575 6,800 7,150 7,500

BBNI ended the trading negatively near diagonal support with a thin volume suggesting a limited downside potential.

KLBF

Hold

S2 S1 Level R1 R2
1,100 1,130 1,155 1,270 1,310

KLBF closed below its recent low. A further downside would remain possible if KLBF break its diagonal support may trigger price correction..

SCMA

Hold

S2 S1 Level R1 R
1,850 1,950 2,030 2,220 2,360

SCMA closed below its recent low. A further downside would remain possible if KLBF break its diagonal support may trigger price correction.

SMGR

Speculative Buy

S2 S1 Level R1 R2
6,680 7,000 7,075 7,760 8,170

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

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Kiwoom Trader 29 Juni 2018

Bursa Eropa turun seiring tekanan negatif atas isu perdagangan global. Dow Jones rebound naik 0.4% pada level 24,216 didukung rebound saham sektor teknologi dan keuangan. Harga minyak mentah dunia bertahan diatas level US$ 73 per barrel berpotensi menopang saham sektor pertambangan energi hari ini. Bursa regional diperdagangkan mendatar pagi ini seiring sepinya sentimen penggerak pasar memasuki akhir pekan. IHSG turun dibawah level terendah sebelumnya sehingga berpotensi kembali melanjutkan penurunan atas pola “inverted flag” dengan target koreksi 5,500. Kami memperkirakan IHSG bergerak cenderung menurun hari ini seiring masih berlanjutnya aksi jual investor asing.

Stock Closing Rec. S2 S1 R1 R2
BBNI 6,800 Buy on Weakness 6,250 6,575 7,150 7,500
KLBF 1,155 Hold 1,100 1,130 1,270 1,310
SCMA 2,030 Hold 1,850 1,950 2,220 2,360
SMGR 7,075 Speculative Buy 6,680 7,000 7,760 8,170

 

Daily Research 25 Juni 2018

S2 S1 IDX R1 R2
5,664.5 5,780.9 5,821.8 5,946.5 6,068.3
  • Dow Jones gained 0.5% last Friday to 24,580.9 backed by Chevron and Exxon Mobil shares on rising crude oil price despite agreement from OPEC meeting to lift production to satisfy increasing global demand.
  • Regional market traded mixed this morning.
  • IDX’s candlestick formed doji pattern last Friday as investor tend to switch from equities.
  • In all we expect IDX to trade mixed with negative tendency as foreign investor keep selling Indonesian equities ahead of the implementation of US trade policy on early July.
BDMN

Sell on Strength

S2 S1 Level R1 R2
5,900 6,225 6,400 6,575 6,825

BDMN closed the session higher with long white candle pattern but with a thin volume and near its horizontal resistance that could limit the upswing.

CTRA

Trading Buy

S2 S1 Level R1 R2
950 1,010 1,100 1,135 1,195

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

KLBF

Trading Buy

S2 S1 Level R1 R
1,200 1,250 1,310 1,370 1,415

KLBF closed the trading higher after on weak trend in the several days creating a technical rebound.

MEDC

Hold

S2 S1 Level R1 R2
900 965 990 1,065 1,125

MEDC closed below its recent low. A further downside would remain possible if SMRA break its diagonal support may trigger price correction.

Kiwoom Trader 25 Juni 2018

Bursa kawasan Eropa dan Amerika mengalami rebound hari Jumat. Dow Jones naik 0.5% pada level 24,580.9 didukung kenaikan saham Chevron dan Exxon Mobil. Harga minyak dunia rebound kendati pertemuan OPEC sepakat untuk meningkatkan produksi seiring kenaikan permintaan atas energi. Bursa kawasan regional diperdagangkan mixed pagi ini. Candlestick IHSG membentuk doji hari Jumat seiring langkah investor menghindari portfolio ekuitas. Kami memperkirakan IHSG bergerak mixed cenderung menurun hari ini seiring masih tingginya minat jual investor asing menjelang implementasi kebijakan perdagangan Amerika awal Juli.

Stock Closing Rec. S2 S1 R1 R2
BDMN 6,400 Sell on Strength 5,900 6,225 6,575 6,825
CTRA 1,100 Trading Buy 950 1,010 1,135 1,195
KLBF 1,310 Trading Buy 1,200 1,250 1,370 1,415
MEDC 990 Hold 900 965 1,065 1,125

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.

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.