Daily Research 6 Juni 2018

S2	S1	IDX	R1	R2
5,833.6	5,907.9	6,088.8	6,138.1	6,240.6

• Dow Jones closed 13.7 point lower at 24,799.98 as trade worries weigh on broader market while Nasdaq booked new record high.
• Regional market traded flat as investor tend to wait and see further development of trade talks.
• IDX closed higher above recent high backed by speculative buy actions. However EIDO closed 1% lower at 25.78 which may give pressure for IDX at the opening session.
• In all we expect IDX to trade mixed today ahead of long Lebaran holiday next week.

ERAA	Sell on Strength
S2	S1	Level	R1	R2
2,200	2,500	2,770	2,920	3,040

ERAA was in the negative side with a shooting star pattern suggesting a further downside movement.

ITMG	Trading Buy
S2	S1	Level	R1	R2
25,150	26,300	28,200	28,900	30,525

ITMG closed the session higher with long white candle and break above high recent level with higher volume indicating another upside potential.

RALS	Hold
S2	S1	Level	R1	R
1,330	1,380	1,485	1,500	1,550

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

UNTR	Trading Buy
S2	S1	Level	R1	R2
34,650	35,200	36,500	37,500	38,200

UNTR ended the trading positively with a long white candle pattern suggesting another favorable potential.

Kiwoom Trader 6 Juni 2018

Bursa Eropa dan Amerika ditutup cenderung menurun kemarin menjelang pertemuan G-7 akhir pekan ini. Dow Jones turun 13.7 poin ditutup pada level 24,799.98 dibayangi isu perdagangan kendati Nasdaq membukukan rekor tertinggi baru. IHSG naik diatas level tertinggi sebelumnya seiring aksi spekulasi beli investor. Namun demikian EIDO turun 1% pada level 25.78 sehingga dapat memberi tekanan terhadap IHSG pagi ini. Dengan demikian kami memperkirakan IHSG bergerak cenderung mixed hari ini menjelang libur panjang Lebaran.

Stock	Closing	Rec.	S2	S1	R1	R2
ERAA	2,770	Sell on Strength	2,200	2,500	2,920	3,040
ITMG	28,200	Trading Buy	25,150	26,300	28,900	30,525
RALS	1,485	Hold	1,330	1,380	1,500	1,550
UNTR	36,500	Trading Buy	34,650	35,200	37,500	38,200

Daily Research 4 Juni 2018

S2	S1	IDX	R1	R2

• Dow Jones gained 1.% managed to close at 24,668 backed by increase in Boeing, Chevron, and Home Depot shares.
• Regional market traded positive this morning following strong lead from European and US markets with AORD gained 0.6%, Kospi up by 0.5%, and Nikkei225 up by 0.4%.
• IDX on a profit taking session with its candlestick formed inverted hammer and bearish harami pattern which indicates another correction today.
• Although supported by strong regional market, however we expect IDX to trade mixed today ahead of long weekend holiday.

AKRA	Trading Buy
S2	S1	Level	R1	R2
4,250	4,510	4,920	5,200	5,575

AKRA closed the session higher with long white candle and followed by higher volume indicating another upside potential.

BMRI	Sell On Strength
S2	S1	Level	R1	R2
6,750	6,950	7,050	7,550	7,725

BMRI ended the trading negatively with bearish engulfing pattern after failed to break above diagonal resistance indicating a further downturn.

ICBP	Trading Buy
S2	S1	Level	R1	R
8,300	8,425	8,700	8,825	9,000

ICBP closed the session higher and break above horizontal resistance with high enough volume indicating another upside potential.

UNTR	Sell On Stength
S2	S1	Level	R1	R2
33,050	34,000	35,050	38,125	39,200

UNTR ended the trading negatively with bearish engulfing pattern and followed by higher volume indicating a further downturn.

Kiwoom Trader 4 Juni 2018

Bursa Eropa ditutup naik akhir pekan lalu seiring meredanya kekuatiran atas Italia dan Spanyol. Dow Jones naik 0.9% ditutup pada level 24,635 didukung data ketenagakerjaan yang lebih baik dari perkiraan. Tingkat pengangguran Amerika turun ke level 3.8%, level terendah sejak tahun 2000. Bursa regional diperdagangkan positif pagi ini dengan Nikkei naik 1%, AORD naik 0.6%, dan Kospi naik 0.2%. IHSG turun hari Kamis lalu seiring aksi profit taking investor setelah mengalami teknikal rebound dan menjelang libur akhir pekan. Kami memperkirakan IHSG bergerak mixed hari ini karena potensi rebound dibatasi sentimen negatif potensi perang dagang Amerika terhadap China dan Eropa serta adanya potensi kenaikan Fed Fund Rate (FFR) dalam rapat FOMC bulan Juni atas data tenaga kerja yang baik.

Stock	Closing	Rec.	S2	S1	R1	R2
AKRA	4,920	Trading Buy	4,250	4,510	5,200	5,575
BMRI	7,050	Sell on Strength	6,750	6,950	7,550	7,725
ICBP	8,700	Trading Buy	8,300	8,425	8,825	9,000
UNTR	35,050	Sell on Strength	33,050	34,000	38,125	39,200

Daily Research 16 Mei 2018

S2	S1	IDX	R1	R2
5,699.3	5,774.7	5,838.1	6,070.7	6,183.4

• Dow Jones closed 0.8% lower at 24,706 as US Treasury yield rise to 3.06% this morning.
• Sentiment on rising global treasury yield cap positive momentum as regional market traded lower this morning.
• IDX down to test recent low level at 5,774.
• We expect IDX to trade lower on concerns of rising global interest rates while EIDO also closed 3.8% lower at 24.21, may add pressure to IDX at the opening.

INCO	Sell on Strenght
S2	S1	Level	R1	R2
3,200	3,375	3,500	3,660	3,860

INCO was on an upside turn with presence of resistance that could limit the positive opportunity.

JPFA	Sell on Strength
S2	S1	Level	R1	R2
1,515	1,560	1,610	1,650	1,700

JPFA closed the session higher near recent high with a thin volume that could limit the upswing.

SSMS	Trading Buy
S2	S1	Level	R1	R2
950	1,000	1,115	1,160	1,250

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

UNTR	Trading Buy
S2	S1	Level	R1	R2
31,650	33,625	34,700	35,800	37,900

UNTR closed the session lower with bearish engulfing pattern indicating a further downturn.

Kiwoom Trader 16 Mei 2018

Bursa Eropa bergerak mixed namun Dow Jones turun 0.8% pada level 24,706 seiring kenaikan tinngkat imbal hasil obligasi Pemerintah Amerika yang berada pada level 3.06% pagi ini. Sentimen kenaikan tingkat bunga tersebut membayangi pergerakan bursa regional pagi ini yang bergerak cenderung menurun. IHSG turun menguji level terendah sebelumnya pada 5,774. Kami memperkirakan IHSG turun hari ini dipicu sentimen kenaikan bunga global serta penurunan EIDO sebesar 3.8% pada level 24.21.

Stock	Closing	Rec.	S2	S1	R1	R2
INCO	3,500	Sell on Strength	3,200	3,375	3,660	3,860
JPFA	1,610	Sell on Strength	1,515	1,560	1,650	1,700
SSMS	1,115	Trading Buy	950	1,000	1,160	1,250
UNTR	34,700	Sell on Strength	31,650	33,625	35,800	37,900

Kiwoom Trader 01 March 2018

Bursa Eropa dan Amerika ditutup negatif dengan Dow Jones turun 1.5% pada level 25,029. Bursa regional dibuka menurun pagi ini dibayangi sentimen pasar Eropa dan Amerika. Kenaikan US Dollar Index memicu koreksi harga minyak dunia serta depresiasi kurs dimana Rupiah diperdagangkan pada kisaran Rp 13,740 per US$ pagi ini. IHSG diperdagangkan dekat dengan garis diagonal support jangka pendek. Kami memperkirakan IHSG bergerak mixed cenderung menurun hari ini.

Stock	Closing	Rec.	S2	S1	R1	R2
BSDE	1,935	Trading Buy	1,720	1,840	2,000	2,100
MEDC	1,575	Sell on Strength	1,365	1,460	1,600	1,650
PNLF	276	Trading Buy	249	264	290	302
UNTR	35,600	Hold	34,000	35,400	38,200	39,200

*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,

Kiwoom Trader 23 February 2018

Bursa Eropa bergerak mixed namun Dow Jones diperdagangkan positif dengan kenaikan 0.7% pada level 24,962 seiring turunnya tingkat imbal hasil (yield) obligasi Pemerintah Amerika. US Dollar Index ditutup pada level 89.7 menekan kurs Rupiah yang bergerak pada kisaran Rp 13,675 per US$ pagi ini. Bursa regional dibuka cenderung positif pagi ini. IHSG kembali menurun dibayangi aksi profit taking investor menjelang akhir pekan. Kami memperkirakan IHSG diperdagangkan pada kisaran negatif hari ini.

Stock	Closing	Rec.	S2	S1	R1	R2
BSDE	1,760	Speculative Buy	1,710	1,740	1,820	1,845
ITMG	30,525	Trading Buy	28,300	29,175	31,300	32,000
MEDC	1,460	Sell on Strength	1,240	1,315	1,500	1,550
UNTR	35,875	Hold	34,000	35,400	38,200	39,200

*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,

Kiwoom Trader 08 February 2018

Bursa Eropa mengalami teknikal rebound namun Dow Jones turun 0.1% seiring kekuatiran pasar atas potensi kenaikan suku bunga Amerika. Yield obligasi Pemerintah Amerika 10 tahun kembali naik ke atas level 2.8% memicu kenaikan US Dollar Index yang naik diatas level 90 pagi ini. Kenaikan US Dollar Index memicu koreksi harga komoditas. Harga minyak turun dibawah level US$ 62 per barrel pagi ini. Candlestick IHSG membentuk pola inverted hammer berpotensi mengalami koreksi hari ini. Kami memperkirakan IHSG bergerak menurun hari ini.

Stock	Closing	Rec.	S2	S1	R1	R2
CPIN	3,290	Speculative Buy	3,000	3,100	3,370	3,490
INDF	7,925	Sell on Strength	7,600	7,800	8,075	8,250
SCMA	2,800	Sell on Strength	2,510	2,630	2,900	3,000
UNTR	38,500	Sell on Strength	35,400	37,200	40,425	42,000

*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 03 January 2018

S2	S1	IDX	R1	R2
6,221.0	6,277.2	6,339.2	6,400.0	6,450.0

• Dow Jones closed 0.4% higher at 24,824 levels while EIDO gained 0.4% at 28.55 levels, may send some positive sentiments for the market at the open today.
• Regional market traded slightly positive this morning.
• IDX’s candlestick formed dark cloud cover which also looked like inverted hammer pattern, which indicated another selling pressure today to close an upside gap
  formed at the end of last year.
• While foreign investor still buys Indonesian equities we expect the market to trade lower today as investor tend to realize profit.

APLN	Trading Buy
S2	S1	Level	R1	R2
185	199	232	240	252

APLN closed the session higher with long white candle pattern and followed by high enough volume indicating another upside potential.

INTP	Sell on Strength
S2	S1	Level	R1	R2
20,825	21,850	23,000	23,700	24,500

INTP was in the positive side with a long white candle. But, so a position near recent high would have the chance to dampen the gaining turn.

KLBF	Trading Buy
S2	S1	Level	R1	R2
1,620	1,655	1,730	1,745	1,775

KLBF ended the trading positively with long white candle pattern after break above diagonal resistance indicating another upside potential.

UNTR	Sell on Strength
S2	S1	Level	R1	R2
31,000	32,825	34,150	35,400	37,250

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

* 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.