Daily Research 9 Mei 2018

S2 S1 IDX R1 R2
5,590.5 5,708.1 5,774.7 5,915.7 6,034.4
  • Dow Jones traded sideways and closed just 2.9 point lower at 24,360 after Donald Trump announced that US withdrawn from Iran nuclear deal signed three years ago.
  • Regional market traded mixed this morning due to lack of positive catalysts.
  • IDX traded lower with 14-days RSI at oversold territory.
  • We expect IDX to trade mixed with negative tendency today ahead of public holiday tomorrow as rebound potentials capped by Rupiah depreciation and rising Indonesian treasury yield ahead of BI’s board of Government meeting scheduled on 16-17 May.
BEST

Trading Buy

S2 S1 Level R1 R2
246 256 286 294 306

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

ERAA

Sell on Strength

S2 S1 Level R1 R2
1,545 1,690 1,780 1,910 2,120

ERAA ended the trading weaker with a bearish engulfing formation providing another downside sign.

RALS

Sell on Strength

S2 S1 Level R1 R2
1,170 1,230 1,270 1,400 1,450

RALS ended the trading negatively with long black candle after break below diagonal support indicating a further downturn.

TLKM

Trading Buy

S2 S1 Level R1 R2
3,480 3,540 3,620 3,670 3,750

TLKM 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.

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Kiwoom Trader 9 Mei 2018

Bursa Eropa dan Amerika bergerak mixed dengan Dow Jones turun 2.9 poin pada level 24,360 setelah Donald Trump mengumumkan bahwa Amerika menarik diri terhadap perjanjian terkait Iran yang ditandatangani 3 tahun lalu. Dengan demikian Amerika akan kembali mengenakan sanksi terhadap Iran. Bursa regional bergerak mixed pagi ini seiring kurangnya berita penggerak pasar. IHSG kembali turun dengan RSI 14 hari pada teritori oversold. Kami memperkirakan IHSG bergerak mixed cenderung negatif hari ini menjelang libur besok. Potensi rebound masih dibayangi depresiasi Rupiah serta kenaikan tingkat imbal hasil obligasi Pemerintah menjelang RDG 16-17 Mei.

Stock Closing Rec. S2 S1 R1 R2
BEST 286 Trading Buy 246 256 294 306
ERAA 1,780 Sell on   Strength 1,545 1,690 1,910 2,120
RALS 1,270 Sell on   Strength 1,170 1,230 1,400 1,450
TLKM 3,620 Trading Buy 3,480 3,540 3,670 3,750

Daily Research 25 April 2018

S2 S1 IDX R1 R2
6,138.1 6,194.5 6,229.6 6,369.3 6,444.5
  • Dow Jones closed 1.7% lower at 24,024 as US 10-year treasury yield near 3% level, a level unseen since January 2014.
  • Regional market traded lower this morning
  • IDX slip below recent low which may test its next support levels.
  • In all we expect IDX to trade lower today as sentiments affected by Rupiah depreciation and tendency of rising global interest rates.
ASII

Buy on Weakness

S2 S1 Level R1 R2
7,050 7,225 7,325 7,745 7,675

ASII was in the negative side but a close near its horizontal support that could limit the downturn movement.

RALS

Sell on Strength

S2 S1 Level R1 R2
1,285 1,350 1,410 1,500 1,550

RALS ended the trading negatively with higher volume after failed to break above recent high indicating a further downturn.

TINS

Buy on Weakness

S2 S1 Level R1 R2
1,005 1,040 1,060 1,100 1,145

TINS ended the trading negatively with a thin volume and a presence of its several support levels that could dampen a further downside movement.

UNVR

Sell

S2 S1 Level R1 R2
45,000 46,725 48,000 49,250 50,775

UNVR took a deep downturn and a break horizontal support indicating a further down trend.

Kiwoom Trader 25 April 2018

Bursa Eropa bergerak mixed namun Dow Jones turun 1.7% pada level 24024 dibayangi kenaikan tingkat imbal hasil obligasi Pemerintah Amerika yang hampir menyentuh level 3%, level tertinggi sejak Januari 2014. Bursa regional diperdagangkan senderung menurun pagi ini. IHSG turun dibawah level terendah sebelumnya dan berpotensi menguji level support berikutnya. Kami memperkirakan IHSG bergerak menurun hari ini dibayangi sentimen negatif depresiasi Rupiah serta kecenderungan kenaikan tingkat bunga global.

Stock Closing Rec. S2 S1 R1 R2
ASII 7,325 Buy on Weakness 7,050 7,225 7,745 7,675
RALS 1,410 Sell On Strenght 1,285 1,350 1,500 1,550
TINS 1,060  Buy on Weakness 1,005 1,040 1,100 1,145
UNVR 48,000  Sell 45,000 46,725 49,250 50,775

 

Kiwoom Trader 12 April 2018

Bursa Eropa dan Amerika turun setelah mengalami teknikal rebound dalam beberapa hari sebelumnya. Dow Jones turun 0.9% ditutup pada level 24,189.4 dipicu pernyataan Presiden Amerika terhadap Rusia atas situasi yang terjadi di Syria. Bursa regional bergerak mendatar pagi ini. IHSG ditutup menguat kemarin namun candlestick membentuk pola inverted hammer dengan upside gap sehingga berpotensi memicu koreksi hari ini. Kami memperkirakan IHSG bergerak mixed cenderung menurun hari ini dibayangi aksi profit taking investor.

Stock Closing Rec. S2 S1 R1 R2
ACES 1,390 Sell On Strength 1,275 1,330 1,410 1,500
AKRA 5,825  Sell On Strength 5,450 5,675 6,000 6,200
RALS 1,420  Sell On Strength 1,270 1,350 1,500 1,550
SCMA 2,820  Sell On Strength 2.520 2,620 2,880 2,980

 

Daily Research 12 April 2018

S2 S1 IDX R1 R2
6,210.7 6,292.3 6,360.9 6,410.7 6,500.8
  • Dow Jones closed 0.9% lower at 24,189.4 after US President tweet for Russians on their stance for Syria.
  • Regional market traded sideways this morning due to lack of positive catalysts.
  • IDX traded higher but its candlestick formed inverted hammer pattern with upside gap, which may lead to a technical correction today.
  • We expect IDX to trade mixed with negative tendency today as investors tend to realize profits.
ACES

Sell on Strength

S2 S1 Level R1 R2
1,275 1,330 1,390 1,410 1,500

ACES edged higher but with a position near its recent high possibly trimming a further upside potential

AKRA

Sell on Strength

S2 S1 Level R1 R2
5,450 5,675 5,825 6,000 6,200

AKRA still moved up but with a close horizontal resistance that could limit gain

RALS

Sell on Strength

S2 S1 Level R1 R2
1,270 1,350 1,420 1,500 1,550

RALS closed the session higher near its recent high with a thin volume and overbought RSI trend that could limit the upside turn

SCMA

Sell on Strength

S2 S1 Level R1 R2
2,520 2,620 2,820 2,880 2,980

SCMA closed the session higher with long white candle and a thin volume also a presence of several resistance level that could limit the upside turn

Daily Research 19 January 2018

S2 S1 IDX R1 R2
6,279.5 6,371.2 6,472.7 6,520.0 6,575.0
  • Dow Jones closed 97.8 points lower at 26,017.8  levels ahead of US Government budget proposal that need to be approved by Congress today. Deadlock would mean Government shutdown.
  • Regional market traded flat this morning due to lack of positive catalysts.
  • Energy prices remained at relatively high levels, expected to support IDX which vulnerable to profit taking action today.
  • We expect IDX to trade mixed with negative tendency today.
AISA

Trading Buy

S2 S1 Level R1 R2
378 530 615 720 875

AISA closed the trading higher with a long white candle  followed by a high enough volume signaling a further favorable opportunity.

LPCK

Trading Buy

S2 S1 Level R1 R2
2,900 3,050 3,270 3,390 3,600

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

MAPI

Sell on Strength

S2 S1 Level R1 R2
6,475 6,770 7,000 7,200 7,500

MAPI continued the upside movement but with the presences of its horizontal resistance and previous high in which could limit the upside movement.

RALS

Sell on Strength

S2 S1 Level R1 R2
1,110 1,175 1,500 1,510 1,550

RALS closed the session higher with long white candle with higher volume but overbought RSI trend that could limit the upswing.

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