Daily Research 17 Mei 2018

S2 S1 IDX R1 R2
5,600.4 5,694.9 5,841.5 5,915.8 5,995.9
  • Dow Jones closed 0.25% higher at 24,769 backed by retail stocks.
  • Regional market traded mixed this morning.
  • IDX managed to close downside gap formed at the opening session yesterday. However potential rebound may be limited due to capital outflow which caused by concerns on rising treasury yield and Rupiah depreciation.
  • In all we expect IDX to trade mixed with positive tendency ahead of result of BI’s Board of Governor meeting result this afternoon as we expect the central bank to raise benchmark rate BI-7DRR by 25 basis points to 4.5%.
ADRO

Trading Buy

S2 S1 Level R1 R2
1,580 1,710 1,800 1,915 2,030

ADRO ended the session higher with a long white candle and a strong volume suggesting a favorable potential.

BBRI

Trading Buy

S2 S1 Level R1 R2
2,800 2,900 3,070 3,140 3,260

BBRI closed the session higher with hammer pattern followed higher volume indicating another upside potential.

TLKM

Trading Buy

S2 S1 Level R1 R2
3,150 3,250 3,480 3,520 3,660

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

UNVR

Buy on Weakness

S2 S1 Level R1 R2
43,500 44,550 45,750 47,100 49,450

UNVR remain in the weak side during a few days in a row, A weak potential would carry on its recent low and support are broken down.

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Kiwoom Trader 17 Mei 2018

Bursa Eropa bergerak mixed dengan Dow Jones naik 0.25% pada level 24,769 didukung kenaikan saham sektor retail. seiring kenaikan tinngkat imbal hasil obligasi Pemerintah Amerika yang berada pada level 3.06% pagi ini. Bursa regional diperdagangkan mixed pagi ini. IHSG berhasil menutup gap turun yang terjadi pada sesi pembukaan namun masih dibayangi aksi jual investor asing serta kenaikan tingkat imbal hasil obligasi Pemerintah serta depresiasi Rupiah. Kami memperkirakan IHSG bergerak mixed cenderung positif menjelang keputusan RDG sore ini dimana kami memperkirakan BI menaikkan tingkat bunga acuan BI-7DRR sebesar 25 basis poin menjadi 4.5%.

Stock Closing Rec. S2 S1 R1 R2
ADRO 1,800 Sell on Strength 1,580 1,710 1,915 2,030
BBRI 3,070 Trading Buy 2,800 2,900 3,140 3,260
TLKM 3,480 Trading Buy 3,150 3,250 3,520 3,660
UNVR 45,750 Buy on Weakness 43,500 44,550 47,100 49,450

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 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.

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

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