Daily Research 26 April 2018

S2 S1 IDX R1 R2
5,952.1 6,054.6 6,079.9 6,246.1 6,355.9
  • Dow Jones closed 0.25% higher at 24,083.8 backed by Boeing shares on better than expected 1Q 2018 earnings.
  • Regional market traded mixed this morning as US Dollar Index increase above 91 levels while US 10-year Government bond yield closed above 3% levels.
  • IDX closed below recent low at 6,140 levels which confirms major correction pattern.
  • In all we expect IDX to trade mixed with negative tendency today as foreign investor continue selling equities while Rupiah depreciation is inevitable.
BBCA

Sell On Strenght

S2 S1 Level R1 R2
20,800 21,300 21,750 23,125 23,500

BBCA ended the trading negatively with higher volume after break below diagonal support indicating a further downturn.

BBRI

Sell on Strength

S2 S1 Level R1 R2
3,010 3,210 3,310 3,400 3,480

BBRI moved negatively with a long black candle followed by a high volume suggesting a further downside potential.

MEDC

Hold

S2 S1 Level R1 R2
1,075 1,140 1,215 1,300 1,365

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

TLKM

Sell On Strenght

S2 S1 Level R1 R2
3,540 3,660 3,780 3,870 3,990

TLKM moved negatively with a bearish engulfing formation that could lead to a further down.

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Kiwoom Trader 26 April 2018

Bursa Eropa bergerak cenderung menurun mengikuti bursa Asia kemarin namun Dow Jones berhasil naik 0.25% pada level 24,083.8 seiring kenaikan saham Boeing atas kinerja 1Q 2018 yang baik. Bursa regional diperdagangkan mixed pagi ini seiring naiknya US Dollar Index ke atas level 91 serta tingkat imbal hasil pemerintah Amerika diatas level 3%. IHSG turun dibawah level terendah sebelumnya pada level 6,140 sehingga mengkonfirmasi pola koreksi teknikal. Kami memperkirakan IHSG bergerak mixed dengan kecenderungan menurun hari ini dipicu aksi jual investor asing serta depresiasi Rupiah.

Stock Closing Rec. S2 S1 R1 R2
BBCA 21,750 Sell on    Strength 20,800 21,300 23,125 23,500
BBRI 3,310 Sell on    Strength 3,010 3,210 3,400 3,480
MEDC 1,215  Hold 1,075 1,140 1,300 1,365
TLKM 3,780  Sell on    Strength 3,540 3,660 3,870 3,990

 

Kiwoom Trader 10 April 2018

Bursa Eropa dan Amerika diperdagangkan positif kemarin seiring meredanya kekuatiran perang dagang. Perdagangan intraday Dow Jones menunjukkan kenaikan lebih dari 400 poin namun Dow Jones ditutup naik 46.3 poin pada level 23,979.1 seiring pemberitaan FBI melakukan pemeriksaan atas pengacara Presiden Trump. Bursa regional dibuka cenderung menurun pagi ini dengan Kospi turun 0.7%, Nikkei225 turun 0.4%, dan AORD turun 0.2%. IHSG naik kemarin mencoba menutup gap turun pada level 6,254. Kami memperkirakan IHSG bergerak mixed hari ini menjelang keluarnya kinerja keuangan 1Q 2018.

Stock Closing Rec. S2 S1 R1 R2
BRPT 2,360 Trading Buy 2,150 2,290 2,420 2,530
INTP 18,850 Trading Buy 16,500 17,225 19,200 19,850
MEDC 1,245 Trading Buy 1,075 1,140 1,300 1,365
UNTR 34,475 Sell on strength 30,425 32,400 35,400 37,000

 

Daily Research 10 April 2018

S2 S1 IDX R1 R2
5,952.1 6,054.6 6,246.1 6,292.3 6,386.2
  • European and American market traded positive as global trade war issues subdued. Dow Jones gained 46.3 points (+0.2%) at 23,979.1 with EIDO increased 1.4% at 26.94.
  • Regional market traded lower this morning with Kospi down 0.7%, Nikkei225 down 0.4%, and AORD down 0.2%.
  • IDX traded higher yesterday try to close downside gap formed since 6,254.
  • We expect IDX to trade mixed today as the market anticipate release of 1Q 2018 financial results.
BRPT

Trading Buy

S2 S1 Level R1 R2
2,150 2,290 2,360 2,420 2,530

BRPT was in the positive side followed by a full white candle and higher volume indicating a still favorable potential.

INTP

Trading Buy

S2 S1 Level R1 R2
16,500 17,225 18,850 19,200 19,850

INTP closed the session higher with long white candle pattern after break above resistance line with higher volume indicating another upside potential.

MEDC

Trading Buy

S2 S1 Level R1 R2
1,075 1,140 1,245 1,300 1,365

MEDC closed the session higher after break above diagonal resistance with higher volume indicating another upside potential.

UNTR

Sell on Strength

S2 S1 Level R1 R2
30,425 32,400 34,475 35,400 37,000

UNTR are relatively up but with a closer near horizontal resistance suggesting could trim the upside turn.

Daily Research 22 March 2018

S2 S1 IDX R1 R2
6,167.7 6,251.5 6,312.8 6,382.6 6,456.9
  • Dow Jones closed 0.2% lower at 24,682 while regional market traded mixed this morning.
  • As expected the Fed lift Fed Fund Rate by 25 basis points. Policy makers expected a total of three rate hikes this year.
  • IDX on a technical rebound closing downside gap previously created. However capital outflow and US trade policy on China, which expected to be released today, may trigger negative sentiments on the market.
  • We expect IDX to trade mixed with negative tendency today as investors realized profits.
  • We expect IDX to trade mixed with positive tendency today
MEDC

Sell on Strength

S2 S1 Level R1 R2
1,120 1,230 1,305 1,400 1,490

MEDC closed the session lower with a dark cloud cover formation and high enough volume indicating another weak movement.

TLKM

Speculative Buy

S2 S1 Level R1 R2
3,500 3,630 3,710 3,820 3,930

TLKM closed the session higher with a strong enough volume after on a weak trend in the last several days creating a technical rebound.

UNVR

Sell on Strength

S2 S1 Level R1 R2
48,875 50,125 51,275 52,125 53,550

UNVR was still in the positive side but with a closed near its horizontal resistance that could limit the upside movement.

WSBP

Trading Buy

S2 S1 Level R1 R2
378 400 438 448 468

WSBP closed the session higher with long white candle pattern and followed by higher volume indicating another upside potential.

Kiwoom Trader 22 March 2018

Pasar Mixed Negatif. Dow Jones turun 0.2% pada level 24,682 dengan bursa regional diperdagangkan mixed pagi ini. Seperti diperkirakan sebelumnya rapat FOMC memutuskan kenaikan Fed Fund Rate sebesar 25 basis poin. The Fed diperkirakan menaikkan suku bunga sebanyak 3 kali tahun ini. IHSG mengalami teknikal rebound menutup gap turun yang terjadi hari sebelumnya. Namun aksi jual investor asing serta rencana penerapan kebijakan tarif Pemerintah Amerika atas impor dari China yang dijadwalkan diumumkan hari ini memicu sentimen negatif di pasar. Kami memperkirakan IHSG bergerak mixed cenderung menurun hari ini seiring langkah profit taking investor.

Stock Closing Rec. S2 S1 R1 R2
MEDC 1,305 Sell on Strength 1,120 1,230 1,400 1,490
TLKM 3,710 Speculative Buy 3,500 3,630 3,820 3,930
UNVR 51,275 Sell on Strength 48,875 50,125 52,125 53,550
WSBP 438 Trading Buy 378 400 448 468

 

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.