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.

Advertisements

Daily Research 11 Mei 2018

S2 S1 IDX R1 R2
5,590.5 5,708.1 5,708.1 5,952.1 6,054.6
  • Dow Jones closed 0.8% higher at 24,739 due to eased concerns over aggressive rate hike by the Fed after release inflation data which lower than expected.
  • Regional market traded positive this morning as US and North Korea plans to meet next month.
  • IDX’s candlestick formed bullish engulfing pattern which may support for another positive sessions today.
  • EIDO gained 3% after 9 May closing price, expected to support continuation of positive momentum today.
  • In all we expect IDX to trade positive today although investor tend to lock profit ahead of weekend.
ASII

Trading Buy

S2 S1 Level R1 R2
6,650 6,750 7,100 7,175 7,350

ASII closed the session higher with bullish engulfing pattern followed by high enough volume indicating another upside potential.

BBNI

Trading Buy

S2 S1 Level R1 R2
7,325 7,745 8,050 8,375 8,725

BBNI closed the trading higher with a high enough volume after on a weak trend in the few days creating a technical rebound.

BBRI

Trading Buy

S2 S1 Level R1 R2
2,960 3,095 3,210 3,290 3,390

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

UNVR

Trading Buy

S2 S1 Level R1 R2
45,000 47,050 49,450 50,775 52,100

UNVR closed the session higher with a long white candle pattern also supported by a high volume indicating another upside potential.

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.

Daily Research 17 April 2018

S2 S1 IDX R1 R2
6,179.4 6,244.4 6,286.8 6,410.7 6,500.8
  • Dow Jones closed 0.9% higher at 24,573 backed by
    1Q 2018 financial results as investors eased worries
    on Syria.
  • Regional market traded slightly positive this morning.
  • IDX traded and closed in positive territory with
    candlestick formed bullish harami pattern which may
    lead to a rebound today.
  • In all we expect IDX to trade mixed with positive
    tendency today as the market prepares for release of
    1Q 2018 financial reports.
AKRA

Hold

S2 S1 Level R1 R2
5,450 5,600 5,800 5,950 6,100

AKRA has a chance to continue rally after ended trading with high volume. The rally will valid if AKRA break above diagonal resistance.

CPIN

Sell On Strenght

S2 S1 Level R1 R2
3,540 3,630 3,840 3,900 3,950

CPIN closed the session higher in diagonal resistance area with a thin volume that could limit the upswing

UNVR

Sell on Strength

S2 S1 Level R1 R2
49,050 50,200 51,525 52,000 53,550

UNVR edged higher but with a position near its horizontal resistance possibly trimming a further upside potential.

WSKT

Sell on Strength

S2 S1 Level R1 R2
2,210 2,320 2,410 2,490 2,600

WSKT closed the session lower after break below horizontal support with increasing volume indicating a further downturn

Kiwoom Trader 17 April 2018

Bursa Eropa ditutup bervariasi namun Dow Jones berhasil naik 0.9% pada level 24,573 seiring meredanya kekuatiran Syria serta kinerja keuangan perusahaan 1Q 2018. Bursa regional diperdagangkan cenderung positif pagi ini. IHSG ditutup positif kemarin dengan candlestick membentuk pola bullish harami sehingga berpotensi mengalami teknikal rebound. Kami memperkirakan IHSG bergerak mixed cenderung positif hari ini didukung spekulasi pasar menjelang rilis kinerja keuangan 1Q 2018.

Stock Closing Rec. S2 S1 R1 R2
AKRA 5,800 Hold 5,450 5,600 5,950 6,100
CPIN 3,840 Sell On Strength 3,540 3,630 3,900 3,950
UNVR 51,525  Sell On Strength 49,050 50,200 52,000 53,550
WSKT 2,410  Sell On Strength 2,210 2,320 2,490 2,600

 

Daily Research 22 March 2018

S2 S1 IDX R1 R2
6,167.7 6,251.5 6,312.8 6,382.6 6,456.9
  • Dow Jones closed 0.2% lower at 24,682 while regional market traded mixed this morning.
  • As expected the Fed lift Fed Fund Rate by 25 basis points. Policy makers expected a total of three rate hikes this year.
  • IDX on a technical rebound closing downside gap previously created. However capital outflow and US trade policy on China, which expected to be released today, may trigger negative sentiments on the market.
  • We expect IDX to trade mixed with negative tendency today as investors realized profits.
  • We expect IDX to trade mixed with positive tendency today
MEDC

Sell on Strength

S2 S1 Level R1 R2
1,120 1,230 1,305 1,400 1,490

MEDC closed the session lower with a dark cloud cover formation and high enough volume indicating another weak movement.

TLKM

Speculative Buy

S2 S1 Level R1 R2
3,500 3,630 3,710 3,820 3,930

TLKM closed the session higher with a strong enough volume after on a weak trend in the last several days creating a technical rebound.

UNVR

Sell on Strength

S2 S1 Level R1 R2
48,875 50,125 51,275 52,125 53,550

UNVR was still in the positive side but with a closed near its horizontal resistance that could limit the upside movement.

WSBP

Trading Buy

S2 S1 Level R1 R2
378 400 438 448 468

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

Kiwoom Trader 22 March 2018

Pasar Mixed Negatif. Dow Jones turun 0.2% pada level 24,682 dengan bursa regional diperdagangkan mixed pagi ini. Seperti diperkirakan sebelumnya rapat FOMC memutuskan kenaikan Fed Fund Rate sebesar 25 basis poin. The Fed diperkirakan menaikkan suku bunga sebanyak 3 kali tahun ini. IHSG mengalami teknikal rebound menutup gap turun yang terjadi hari sebelumnya. Namun aksi jual investor asing serta rencana penerapan kebijakan tarif Pemerintah Amerika atas impor dari China yang dijadwalkan diumumkan hari ini memicu sentimen negatif di pasar. Kami memperkirakan IHSG bergerak mixed cenderung menurun hari ini seiring langkah profit taking investor.

Stock Closing Rec. S2 S1 R1 R2
MEDC 1,305 Sell on Strength 1,120 1,230 1,400 1,490
TLKM 3,710 Speculative Buy 3,500 3,630 3,820 3,930
UNVR 51,275 Sell on Strength 48,875 50,125 52,125 53,550
WSBP 438 Trading Buy 378 400 448 468