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.

Advertisements

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 15 Mei 2018

S2 S1 IDX R1 R2
5,749.3 5,858.7 5,947.2 6,070.7 6,183.4
  • Dow Jones closed 0.3% higher at 24,899 as US-China trade tension eased.
  • Regional market traded flat this morning due to lack of positive catalyst.
  • IDX’s candlestick formed hammer pattern yesterday with intraday downside tail closed upside gap formed last week.
  • We expect IDX to trade mixed with negative tendency as the market clouded by negative sentiments from capital outflow while US treasury yield reach 3% mark.
BWPT

Trading Buy

S2 S1 Level R1 R2
160 170 191 210 222

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

ITMG

Sell on Strength

S2 S1 Level R1 R2
22,400 24,500 25,900 26,550 27,875

ITMG took an upside near its diagonal resistance with a high enough volume that could limit the upswing.

PTBA

Sell on Strength

S2 S1 Level R1 R2
3,300 3,430 3,560 3,600 3,700

PTBA closed the session higher after break above resistance line with a thin volume that could limit the upswing.

TLKM

Trading Buy

S2 S1 Level R1 R2
3,400 3,490 3,540 3,660 3,880

TLKM moved negatively with higher volume after break below horizontal support indicating a further downturn.

Kiwoom Trader 15 Mei 2018

Bursa Eropa ditutup sedikit turun namun Dow Jones naik 0.3% pada level 24,899 seiring meredanya perang dagang Amerika-China. Bursa regional diperdagangkan mendatar pagi ini seiring sepinya berita penggerak pasar. Candlestick IHSG membentuk pola hammer dengan perdagangan intraday menutup gap naik minggu lalu. Kami memperkirakan IHSG bergerak mixed cenderung menurun hari ini seiring masih tingginya minat jual investor asing.

Stock Closing Rec. S2 S1 R1 R2
BWPT 191 Trading Buy 160 170 210 222
ITMG 25,900 Sell on Strength 22,400 24,500 26,550 27,875
PTBA 3,560 Sell on Strength 3,300 3,430 3,600 3,700
TLKM 3,540 Sell on Strength 3,400 3,490 3,660 3,880

Daily Research 18 April 2018

S2 S1 IDX R1 R2
6,179.4 6,244.4 6,285.8 6,410.7 6,500.8
  • Dow Jones closed 0.9% higher at 24,786.6 while
    EIDO closed 0.1% lower at 27.47.
  • Regional market traded positive this morning with
    Kospi up 1%, Nikkei 225 up 0.7%, and AORD up
    0.2%.
  • IDX’s candlestick formed hammer pattern which
    indicates upside momentum today.
  • We expect IDX to trade positive today ahead of
    market speculation on good 1Q 2018 financial results.
BMRI

Sell On Strenght

S2 S1 Level R1 R2
7,500 7,725 7,900 8,125 8,325

BMRI took a weak turn a high enough volume after unable to break its resistance yesterday so that could lead to a further downturn.

ELSA

Buy On Weakness

S2 S1 Level R1 R2
434 460 478 505 530

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

PTBA

Sell on Strength

S2 S1 Level R1 R2
3,050 3,240 3,480 3,600 3,700

PTBA closed the session higher in resistance area with a thin volume and overbought RSI trend that could limit the upside turn.

UNTR

Hold

S2 S1 Level R1 R2
33,700 34,950 36,500 37,400 38,200

UNTR closed the session higher above it short horizontal resistance with high enough volume indicating another upside potential.

Kiwoom Trader 18 April 2018

Bursa Eropa dan Amerika ditutup menguat didukung kinerja keuangan perusahaan 1Q 2018. Dow Jones naik 0.9% pada level 24,786.6 namun EIDO turun 0.1% pada level 27.47. Bursa regional diperdagangkan positif pagi ini dengan Kospi naik 1%, Nikkei 225 naik 0.7%, dan AORD naik 0.2%. candlestick IHSG membentuk pola hammer mengindikasikan potensi kenaikan hari ini. Kami memperkirakan IHSG bergerak cenderung positif hari ini seiring aksi spekulasi pasar menjelang rilis kinerja keuangan 1Q 2018.

Stock Closing Rec. S2 S1 R1 R2
BMRI 7,900 Sell On Strength 7,500 7,725 8,125 8,325
ELSA 476 Buy On Weakness 434 460 505 530
PTBA 3,480  Sell On Strength 3,050 3,240 3,600 3,700
UNTR 36,500  Hold 33,700 34,950 37,400 38,200

 

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