Daily Research 29 May 2017

S2 S1 IDX R1 R2
5,590.5 5,643.5   5,716.8 5,770.6 5,837.2
  • Dow Jones closed 2.7 point lower at 21,080.3 levels last Friday ahead of long holiday as the US market closed for Memorial Day today.
  • Regional bourses traded sideways this morning after north Korea test ballistic missile.
  • IDX closed at its short term diagonal support line. A break below that line, or below 5,703 levels, may trigger further market correction.
  • We expect IDX to trade mixed with negative tendency today.
BJBR

Trading Buy

S2 S1 Level R1 R2
1,745 1,890 2,240 2,330 2,510

BJBR has a chance to continue rally after ended trading with high volume. The rally will valid if BJBR break above recent high level (R1).

ITMG

Trading Buy

S2 S1 Level R1 R2
14,325 15,150 16,000 16,800 17,950

ITMG moved rather positively supported by a high enough volume that could create the opportunity to break its resistance.

KLBF

Buy on Weakness

S2 S1 Level R1 R2
1,385 1,450 1,505 1,565 1,630

SILO ended the trading negatively near its long term diagonal support without volume that could dampen further downside movement.

PTPP

Sell on Strength

S2 S1 Level R1 R2
2,840 3,040 3,200 3,260 3,440

PTPP ended the trading higher but with a close near its diagonal resistance that could limit upswing.

* This report is for informational purposes only. This report is exclusively published for the use of Kiwoom Securities clients, and may not be reproduced or distributed. While the information was collected from secure sources, Kiwoom Security does not guarantee the accuracy or reliability of the information. Kiwoom Securities bears no liability for any losses that may occur from investments based on the information provided in this report.

Kiwoom Trader 29 May 2017

Dow Jones turun 2.7 poin ditutup pada level 21,080.3 hari Jumat menjelang libur panjang Memorial Day hari ini. Bursa kawasan regional diperdagangkan mendatar pagi ini seiring peluncuran rudal Korea Utara. IHSG ditutup tepat pada garis diagonal support jangka pendek. Penembusan di bawah level 5,703 diperkirakan dapat memicu koreksi lanjutan. Kami memperkirakan IHSG bergerak mixed cenderung negatif hari ini.

Stock Closing Rec. S2 S1 R1 R2
BJBR 2,240 Trading Buy 1,745 1,890 2,330 2,510
ITMG 16,000 Trading Buy 14,325 15,150 16,800 17,950
KLBF 1,505 Buy on Weakness 1,385 1,450 1,565 1,630
PTPP 3,200 Sell on Strength 2,840 3,040 3,260 3,440

*This report is for informational purposes only. This report is exclusively published for the use of Kiwoom Securities clients, and may not be reproduced or distributed. While the information was collected from secure sources, Kiwoom Security does not guarantee the accuracy or reliability of the information. Kiwoom Securities bears no liability for any losses that may occur from investments based on the information provided in this report.Best Regards,

Daily Research 18 May 2017

S2 S1 IDX R1 R2
5,534 5,577   5,615.5 5,688 5,725
  • Dow Jones closed 372.8 point lower (-1.8%) at 20,606.9 levels as investors concerns about Mr. Trump’s policies. EIDO closed 2.56% lower at 25.84 levels.
  • Regional bourses traded negative this morning.
  • IDX closed below its recent low, which also break short term diagonal support line, thus selling pressure expected to persist today.
  • We expect IDX to trade on negative territory today.
ASII

Sell on Strength

S2 S1 Level R1 R2
7,900 8,150 8,350 8,700 9,000

ASII closed below its recent low. ASII’s price pattern also showed a break to its short term diagonal support line which ends its short term uptrend channel. ASII may trade lower to test its support levels.

BBNI

Sell on Strength

S2 S1 Level R1 R2
6,150 6,400 6,500 6,725 6,900

BBNI seemed making double top formation as its second peak is lower compared to its first peak. A break below short term diagonal support line may trigger price correction.

BBRI

Sell on Strength

S2 S1 Level R1 R2
13,725 13,975 14,100 14,300 14,550

BBRI’s candlestick formed bearish harami pattern which may limit upside potentials. BBRI may trade lower to test its resistance levels.

PTPP

Trading Buy

S2 S1 Level R1 R2
2,700 2,840 2,950 2,980 3,200

PTPP seemed making double bottom formation. The pattern valid if PTPP break above recent high level (R1) with price target set at R2.

* This report is for informational purposes only. This report is exclusively published for the use of Kiwoom Securities clients, and may not be reproduced or distributed. While the information was collected from secure sources, Kiwoom Security does not guarantee the accuracy or reliability of the information. Kiwoom Securities bears no liability for any losses that may occur from investments based on the information provided in this report.

Kiwoom Trader 18 May 2017

Dow Jones turun 372.8 poin (-1.8%) ditutup pada level 20,606.9 kemarin dipicu kekuatiran pasar atas kebijakan dalam negri Amerika yang dilakukan Donald Trump. Safe haven asset seperti obligasi Pemerintah Amerika Serikat dan Yen naik seiring tingginya faktor ketidakpastian pasar. Bursa kawasan regional diperdagangkan negatif pagi ini. EIDO turun 2.56% ditutup pada level 25.84. IHSG turun dibawah level terendah sebelumnya, yang juga menembus garis diagonal support jangka pendek, sehingga potensi penurunan lanjutan masih mungkin terjadi hari ini. Kami memperkirakan IHSG bergerak cenderung negatif hari ini.

Stock Closing Rec. S2 S1 R1 R2
ASII 8,350 Sell on Strength 7,900 8,150 8,700 9,000
BBNI 6,500 Sell on Strength 6,150 6,400 6,725 6,900
BBRI 14,100 Sell on Strength 13,725 13,975 14,300 14,550
PTPP 2,950 Trading Buy 2,700 2,840 2,980 3,200

*This report is for informational purposes only. This report is exclusively published for the use of Kiwoom Securities clients, and may not be reproduced or distributed. While the information was collected from secure sources, Kiwoom Security does not guarantee the accuracy or reliability of the information. Kiwoom Securities bears no liability for any losses that may occur from investments based on the information provided in this report.Best Regards,

Daily Research 27 April 2017

S2 S1 IDX R1 R2
5,624.6 5,664.5   5,726.5 5,750 5,780
  • Dow Jones closed 21 point lower at 20,975.1 levels as US tax reform offered by Donald Trump administration could trigger wider deficit.
  • Regional bourses traded mixed this morning with Nikkei down by 0.35% on profit taking actions.
  • IDX booked another record high, closed at strong diagonal resistance, on optimism of better 1Q 2017 earnings.
  • We expect IDX traded mixed with negative tendency on profit taking actions.
BBCA

Sell on Strength

S2 S1 Level R1 R2
17,075 17,400 18,000 18,250 18,500

BBCA closed the session higher in its diagonal resistance without volume and overbought RSI trend that could limit the upswing.

PTPP

Buy on Weakness

S2 S1 Level R1 R2
3,000 3,160 3,200 3,380 3,510

PTPP still carried on the weak turn with the presences of several supports that could dampen the downturn.

UNVR

Sell on Strength

S2 S1 Level R1 R2
43,875 44,575 45,800 46,000 46,500

UNVR ended the trading positively in its diagonal resistance without volume and overbought RSI trend that could limit the upswing.

UNTR

Trading Buy

S2 S1 Level R1 R2
25,075 26,600 27,900 29,150 30,675

UNTR was in the positive s id e with a bullish engulfing pattern with a high volume indicating another favorable potential.

* This report is for informational purposes only. This report is exclusively published for the use of Kiwoom Securities clients, and may not be reproduced or distributed. While the information was collected from secure sources, Kiwoom Security does not guarantee the accuracy or reliability of the information. Kiwoom Securities bears no liability for any losses that may occur from investments based on the information provided in this report.

Kiwoom Trader 27 April 2017

Dow Jones turun 21 poin ditutup pada level 20,975.1 setelah keluarnya rencana reformasi pajak Amerika. Walaupun rencana tersebut berupa penurunan pajak korporasi dari 35% saat ini menjadi 15% investor meragukan penurunan tersebut karena dapat memicu defisit neraca yang melebar. Bursa regional pagi ini diperdagangkan mixed dengan Nikkei turun 0.35% karena aksi profit taking. IHSG ditutup naik kemarin pada level tertinggi, menyentuh garis diagonal resisten kuat. Oleh karena itu kami memperkirakan IHSG bergerak mixed cenderung menurun hari ini ditengah potensi aksi profit taking investor.

Stock Closing Rec. S2 S1 R1 R2
BBCA 18,000 Sell on Strength 17,075 17,400 18,250 18,500
PTPP 3,200 Buy on Weakness 3,000 3,160 3,380 3,510
UNVR 45,800 Sell on Strength 43,875 44,575 46,000 46,500
UNTR 27,900 Trading Buy 25,075 26,600 29,150 30,675

*This report is for informational purposes only. This report is exclusively published for the use of Kiwoom Securities clients, and may not be reproduced or distributed. While the information was collected from secure sources, Kiwoom Security does not guarantee the accuracy or reliability of the information. Kiwoom Securities bears no liability for any losses that may occur from investments based on the information provided in this report.Best Regards,

Daily Research 21 April 2017

S2 S1 IDX R1 R2
5,512.7 5,568.1   5,595.3 5,657.8 5,700
  • Dow Jones closed 0.85% higher at 20,578.7 level as the market doubt the Fed will be as aggressive as predicted before after release of economic data which came out lower than estimated.
  • Regional bourses traded positive following positive sentiments from Dow.
  • However IDX’s candlestick formed a bearish engulfing pattern yesterday, an indicator that selling pressure will still persist today.
  • We expect the market to trade sideways today ahead of long weekend holiday.
 ACST

Sell on Strength

S2 S1 Level R1 R2
3,020 3,100 3,300 3,360 3,450

ACST closed the session higher followed with a high volume and a presence of its horizontal resistance and overbought RSI trend that could limit the upside turn.

KBLI

Buy on Weakness

S2 S1 Level R1 R2
530 600 645 700 760

KBLI moved lower with a close near its recent low. A further downside turn would remain possible if its recent low is broken down.

PTPP

Buy on Weakness

S2 S1 Level R1 R2
3,000 3,150 3,240 3,350 3,510

PTPP moved lower during the last several days but with the presence of its horizontal support that could limit the weak turn.

 WTON

Speculative Buy

S2 S1 Level R1 R2
730 750 760 785 805

WTON ended the tradin g negatively near in its diagonal support without volume and oversold RSI trend that could limit the downturn.

* This report is for informational purposes only. This report is exclusively published for the use of Kiwoom Securities clients, and may not be reproduced or distributed. While the information was collected from secure sources, Kiwoom Security does not guarantee the accuracy or reliability of the information. Kiwoom Securities bears no liability for any losses that may occur from investments based on the information provided in this report.