Daily Research 2 July 2018

S2 S1 IDX R1 R2
5,577.5 5,577.5 5,799.2 5,833.6 5,946.5
  • European and American market traded mixed last Friday with Dow Jones up only 0.1% at 24,283.1 as Nike shares rebound.
  • Crude oil price closed at high levels expected to support energy shares today.
  • Regional market traded mixed this morning.
  • IDX had technical rebound last Friday after BI lift benchmark rate by 50 basis points which followed by Rupiah appreciation. EIDO gained 2.9% last Friday and closed at 22.97.
  • We expect IDX to trade positive today as investor’s confidence rise.
ADRO

Speculative Buy

S2 S1 Level R1 R2
1,550 1,640 1,790 1,835 1,930

ADRO closed the session higher with long white candle pattern after on a weak trend in the last 5 days creating a technical rebound.

BBCA

Trading Buy

S2 S1 Level R1 R2
20,200 20,600 21,475 21,750 22,100

BBCA closed the session higher with bullish engulfing pattern and followed by high enough volume indicating another upside potential.

BBTN

Trading Buy

S2 S1 Level R1 R
2,200 2,370 2,450 2,550 2,700

BBTN moved higher after taking deep pressure in the last several days with a bullish harami pattern suggesting a rebound momentum.

UNVR

Trading Buy

S2 S1 Level R1 R2
43,450 44,450 46,100 47,100 48,245

UNVR managed an upside turn with a long white candle pattern and a high volume suggesting another favorable.

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Kiwoom Trader 2 July 2018

Bursa kawasan Eropa dan Amerika diperdagangkan mixed akhir pekan lalu. Dow Jones naik 0.1% pada level 24,283.1 didukung kenaikan saham Nike. EIDO naik 2.9% hari Jumat pada level 22.97. Harga minyak dunia bertahan pada level yang cukup tinggi berpotensi menopang saham sektor pertambangan energi. Bursa kawasan regional diperdagangkan mixed pagi ini. IHSG berhasil rebound kemarin dipicu berita BI menaikkan tingkat bunga acuan 50 basis poin yang turut menopang apresiasi kurs Rupiah. Kami memperkirakan IHSG bergerak positif hari ini seiring pulihnya kepercayaan investor atas BI.

Stock Closing Rec. S2 S1 R1 R2
ADRO 1,790 Speculative Buy 1,550 1,640 1,835 1,930
BBCA 21,475 Trading Buy 20,200 20,600 21,750 22,100
BBTN 2,450 Trading Buy 2,200 2,370 2,550 2,700
UNVR 46,100 Trading Buy 43,450 44,450 47,100 48,245

 

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.

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 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.

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 26 Juni 2018

S2 S1 IDX R1 R2
5,664.5 5,780.9 5,859.1 5,946.5 6,068.3
  • European market traded sharply lower with DAX down 2.5%, FTSE down 2.2%, and CAC down 1.9% on fear of global trade war.
  • Dow Jones down 1.3% at 24,252.8 as China and Europe plan working group to revamp WTO and counter US protectionism.
  • Regional market traded lower with Nikkei down 1%, Kospi down 0.8%, and AORD down 0.7%.
  • IDX on a technical rebound on speculative buy ahead of potential window dressing action at the end of the month although foreign investors keep selling Indonesian equities.
  • In all we expect IDX to trade lower as investor tend to wait and see result of 27 June regional election.
AKRA

Trading Buy

S2 S1 Level R1 R2
3,700 4,000 4,280 4,510 4,800

AKRA closed the trading higher with a strong volume after on a weak trend in the last 8 days creating a technical rebound.

ERAA

Sell on Strength

S2 S1 Level R1 R2
2,350 2,600 2,850 3,070 3,150

ERAA was in the negative side with a dark cloud cover formation indicating another downside potential.

GGRM

Trading Buy

S2 S1 Level R1 R
65,000 68,125 71,750 74,500 77,500

GGRM ended the session higher with a long white candle and a strong volume suggesting a favorable upside potential.

TINS

Buy on Weakness

S2 S1 Level R1 R2
775 835 860 930 985

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