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 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.

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