Daily Price Action
IHSG Technical Review
Wednesday, June 18
th2014
4909.52
24.06
155.14
0.49%
1.78
Vol (Mn):
3,293
1.16%
Val (Bn):
3,793
IHSG
LS-27
R3
5092
R2
5000
R1
4910
Last
4909.52
S1
4843
S2
4770
S3
4696
Comment:
Whips saw MA50 support level.
Moderate trading volume.
Stochastic consolidations at
near moderate state, limited
downside potential.
RSI have bullish momentum
potential
at
moderate
oscillator.
Medium
term
bearish
movement.
Stop-loss level 4850. Rebound
potential at 4980.
Sector Indices
Last
Change
Change %
Agriculture
2351
9.40
0.40
Mining
1529
21.00
1.37
Basic Industry
537
3.25
0.61
Misc Industry
1269
(2.11)
(0.17)
Consumer
2008
1.45
0.07
Property
422
(0.37)
(0.09)
Infrastructure
1066
12.96
1.22
Finance
651
2.37
0.36
Trade
903
5.53
0.61
Manufacture
1270
1.93
0.15
Source: Bloomberg
Most Active
Last
Change %
Freq
MYRX
635
(0.8)
6,976
KLBF
1,645
2.8
6,378
SSMS
1,280
0.4
6,312
ADRO
1,285
4.9
4,936
BKSL
112
1.8
4,593
Most Volume
Last
Change %
000 Lot
BKSL
112
1.8
370
META
215
0.5
98
SUGI
445
1.6
97
TMPI
459
0.0
89
ELSA
645
1.6
70
Most Value
Last
Change %
Rp Bil
ASII
7,225
(0.3)
247
TLKM
2,420
0.4
165
BBRI
10,175
0.2
163
BBCA
11,075
0.5
161
BMRI
9,900
0.5
149
Source: Bloomberg
Daily Price Action
Stock Pick
APLN
R3
335
R2
315
R1
295
Last
286
S1
280
S2
260
S3
245
PARTIAL SELL
Comment:
Matching high,
moderate
trading volume. Reversal
signal.
Stochastic
dead-cross
at
overbought state, broad upside
potential.
RSI bullish momentum at
overbought oscillator.
The price has pulled back on
upper Bollinger bands and
resistance MA50.
Medium term bullish
movement.
Stop-loss level 280, downside
potential 270 (Max bullish
trend tolerance).
ITMG
R3
32700
R2
30575
R1
28425
Last
27525
S1
26675
S2
25050
S3
23475
TRADING BUY
Comment:
Piercing line, huge trading
volume. Reversal signal.
Stochastic
golden-cross
potential at oversold state.
Broad upside potential.
RSI, bullish momentum at
oversold oscillator.
The price has rebounded on
lower Bollinger bands.
Stop-loss level at 27100, upside
potential at 28175 (MA25
resistance level).
Daily Price Action
Stock Pick
JPFA
R3
1515
R2
1395
R1
1270
Last
1200
S1
1185
S2
1105
S3
1040
TRADING BUY
Comment:
bullish
harami,
moderate
trading volume, Reversal signal.
Stochastic
golden-cross
at
oversold state. Broad downside
potential.
RSI have a bullish momentum
at oversold oscillator.
The price on rebounded on
lower Bollinger bands.
Medium term
bullish
movement.
Stop-loss level 1185, upside
potential at 1290
(MA25
resistance level).
INCO
R3
4680
R2
4355
R1
4050
Last
3730
S1
3700
S2
3430
S3
3175
SPECULATIVE BUY
Comment:
Bullish kicker signal, moderate
trading volume, reversal signal.
Stochastic
golden-cross
at
oversold state. Broad upside
potential.
RSI have bullish momentum
potential at oversold oscillator.
Medium term bearish
movement.
The price has rebounded on
lower Bollinger bands.
Stop-loss level 3660, upside
potential at 4040.
Recommended buying price at
3720.
Daily Price Action
Source : Reliance Securities
Legend :
B: BUY (allocate till 100% of the weighted capital to accumulate, higher than 50% upside probability) SB: SPECULATIVE BUY (allocate 25%-50% of the weighted capital to accumulate, 25%-50% upside probability) W: WAIT (wait for proper entry level, do the stop-loss if necessary)
H: HOLD (hold the portfolio position, aim for the best price to distribute)
PS: PARTIAL SELL (distribute 25%-50% part of the portfolio, 25%-50% downside probability) S: SELL (distribute till 100% of the portfolio, higher than 50% downside probability)
TB: TRADING BUY (short term or intraday trading within a tight trading range. Highly speculative).
Analyst Conclusion:
The index on the limited bullish movement.
LS27 Technical table
Closing
Stop
Rec
Target
S2
S1
Price
R1
R2
Technical Notes
Rec
Loss
Buy Prc
Price
Plantation
AALI
25,100
26,550
27,025
27,925
29,475
Bullish momentum
H
26,500
27,500
LSIP
1,960
2,135
2,260
2,300
2,450
Consolidations
H
2,250
2,350
Mining
INCO
3,430
3,700
3,730
4,040
4,350
Bullish kicker signal
SB
3,660
3,720
4,040
PTBA
9,650
10,425
10,825
11,100
12,050
Tweezers bottom
TB
10,500
11,100
Consumer
AISA
2,140
2,250
2,320
2,365
2,490
Horn Double
TB
2,300
2,375
MYOR
26,400
28,000
29,225
29,450
31,000
Overbought
PS
28,500
KLBF
1,530
1,600
1,645
1,675
1,760
Consolidations
W
1,570
Trading
ACES
710
780
860
860
935
Consolidations
W
800
AKRA
4,250
4,470
4,550
4,700
4,700
Bearish momentum
S
4,500
BMTR
1,920
2,050
2,150
2,175
2,290
Bearish momentum
S
2,120
UNTR
19,575
20,900
22,525
22,525
23,750
Consolidations
W
21,500
MAPI
4,725
5,050
5,275
5,500
6,000
Bearish momentum
W
5,150
MNCN
2,650
2,725
2,880
2,855
2,940
Consolidations
H
2,800
2,900
Property & ConstructionASRI
395
420
460
465
510
Oversold
TB
450
475
SMRA
1,080
1,170
1,195
1,250
1,325
Consolidations
W
1,200
BSDE
1,425
1,530
1,580
1,625
1,730
Sideways
PS
1,550
LPKR
930
1,000
1,050
1,100
1,205
Sideways
W
1,000
WIKA
1,990
2,150
2,260
2,300
2,450
Consolidations
PS
2,250
CTRA
840
960
1,050
1,050
1,155
Bullish engulfing
SB
1,000
1,040
1,100
Basic Industry & Chemical
CPIN
3,600
3,825
3,890
4,140
4,500
Stoch dead-cross
PS
3,825
INTP
22,400
23,525
24,950
25,000
26,275
Overbought
PS
24,500
Miscelaneous
ASII
6,900
7,160
7,225
7,400
7,725
Bearish momentum
W
7,300
Finance
BBNI
4,475
4,700
4,900
4,900
5,100
Sideways
W
4,750
BBRI
9,500
9,950
10,175
10,500
11,000
Consolidations
W
10,100
BBTN
885
970
1,030
1,040
1,100
Consolidations
W
1,000
InfrastructureTLKM
2,200
2,350
2,420
2,470
2,600
Matching low
TB
2,400
2,500
PGAS
5,000
5,250
5,450
5,550
5,800
Consolidations
W
5,250
Stocks
Daily Price Action
Technical Indicators Summary
Legend :
•Movement: Bullish and Bearish
•Momentum: Oversold (Jenuh Jual), Overbought (Jenuh Beli) and Neutral •Resistance Fractal: Strong Resistance
•Support Fractal: Strong Support
Resistance Price Support Weekly Weekly
Fractal 6/17/2014 Fractal High Low RSI B. Band 25 Days 50 Days 200 Days
AALI.JK 27,800 27,025 26,250 27,200 26,675 Neutral Bullish Neutral Middle Bands Under Under Upper
ACES.JK 925 860 835 880 870 Neutral Bearish Neutral Middle Bands Under Upper Upper
ADRO.JK 1,340 1,285 1,265 1,335 1,285 Neutral Bullish Neutral Middle Bands Upper Upper Upper
AISA.JK 2,470 2,320 2,290 2,470 2,345 Neutral Bearish Neutral Middle Bands Under Upper Upper
AKRA.JK 4,390 4,550 4,245 4,640 4,525 Overbought Bearish Neutral Middle Bands Upper Under Under
ANTM.JK 1,280 1,155 1,145 1,170 1,140 Neutral Bullish Neutral Middle Bands Under Under Under
APLN.JK 287 286 264 287 273 Overbought Bearish Neutral Upper Bands Upper Upper Upper
ASII.JK 7,325 7,225 7,075 7,525 7,275 Neutral Bearish Neutral Middle Bands Under Under Upper
ASRI.JK 480 460 465 480 466 Oversold Bearish Oversold Middle Bands Under Under Under
BBCA.JK 11,400 11,075 10,975 11,250 11,075 Neutral Bearish Neutral Middle Bands Under Under Upper
BBNI.JK 4,915 4,900 4,740 4,920 4,840 Neutral Bullish Neutral Middle Bands Upper Under Upper
BBRI.JK 10,925 10,175 9,875 10,275 10,200 Neutral Bearish Neutral Middle Bands Under Upper Upper
BBTN.jk 1,055 1,030 980 1,055 1,025 Neutral Bearish Neutral Middle Bands Under Under Under
BDMN.JK 4,325 4,325 4,215 4,325 4,310 Neutral Bullish Neutral Middle Bands Upper Under Upper
BHIT.JK 337 325 310 337 328 Neutral Bearish Neutral Middle Bands Upper Upper Under
BKSL.JK 152 112 115 123 115 Oversold Bullish Oversold Middle Bands Under Under Under
BMRI.JK 10,450 9,900 9,750 9,975 9,925 Neutral Bullish Neutral Middle Bands Under Under Upper
BMTR.JK 2,200 2,150 2,050 2,200 2,165 Overbought Bearish Neutral Middle Bands Upper Under Upper
BORN.JK 117 112 109 117 113 Neutral Bearish Neutral Middle Bands Under Under Under
BSDE.JK 1,610 1,580 1,550 1,595 1,575 Neutral Bullish Neutral Middle Bands Upper Under Upper
BTPN.JK 4,260 4,225 4,190 4,260 4,220 Neutral Bearish Neutral Middle Bands Upper Upper Upper
BWPT.JK 1,315 1,255 1,270 1,300 1,270 Oversold Bullish Neutral Middle Bands Under Under Upper
CMNP.JK 3,600 3,575 3,500 3,595 3,510 Neutral Bullish Neutral Middle Bands Upper Upper Upper
CPIN.JK 3,940 3,890 3,700 3,940 3,890 Overbought Bearish Neutral Middle Bands Upper Under Upper
CTRA.JK 1,115 1,050 1,030 1,080 1,055 Neutral Bullish Neutral Middle Bands Under Under Upper
CTRP.JK 750 710 695 730 725 Neutral Bearish Neutral Middle Bands Under Under Under
CTRS.JK 2,450 2,310 2,350 2,450 2,350 Neutral Bearish Neutral Lower Bands Under Under Upper
DILD.JK 498 467 491 478 474 Oversold Bearish Neutral Middle Bands Under Under Upper
EXCL.JK 5,450 5,200 4,930 5,450 5,125 Neutral Bearish Neutral Middle Bands Under Upper Upper
GGRM.JK 55,000 53,025 51,300 55,000 53,800 Neutral Bearish Neutral Middle Bands Under Under Upper
GIAA.JK 464 417 430 438 420 Neutral Bearish Oversold Lower Bands Under Under Under
GJTL.JK 1,955 1,905 1,885 1,945 1,905 Neutral Bearish Neutral Middle Bands Upper Upper Under
HEXA.JK 3,840 3,790 3,765 3,895 3,800 Neutral Bearish Neutral Middle Bands Under Under Upper
HRUM.JK 2,465 2,375 2,380 2,465 2,390 Oversold Bearish Neutral Middle Bands Under Upper Under
ICBP.JK 10,275 10,000 9,975 10,275 10,075 Neutral Bearish Neutral Lower Bands Under Under Under
IMAS.JK 4,845 4,705 4,690 4,750 4,705 Neutral Bearish Neutral Middle Bands Under Under Under
INCO.JK 3,945 3,730 3,820 3,830 3,695 Oversold Bullish Neutral Middle Bands Under Upper Upper
INDF.JK 6,925 6,825 6,750 6,925 6,850 Neutral Bearish Neutral Middle Bands Under Under Under
INDY.JK 750 680 690 710 690 Oversold Bearish Neutral Middle Bands Upper Upper Upper
INTA.JK 318 313 307 315 313 Neutral Bullish Neutral Middle Bands Upper Upper Upper
INTP.JK 23,775 24,950 22,625 25,025 23,850 Overbought Bearish Neutral Upper Bands Upper Upper Upper
ITMG.JK 30,100 27,525 28,650 28,525 27,650 Oversold Bullish Neutral Middle Bands Under Upper Under
JPFA.JK 1,335 1,200 1,270 1,305 1,210 Oversold Bearish Neutral Middle Bands Under Under Under
JSMR.JK 6,050 5,975 5,900 6,025 5,975 Neutral Bearish Neutral Middle Bands Under Under Upper
KIJA.JK 255 236 234 247 237 Neutral Bearish Neutral Middle Bands Under Under Upper
KLBF.JK 1,645 1,645 1,540 1,670 1,630 Neutral Bearish Neutral Middle Bands Upper Upper Upper
KRAS.JK 475 455 467 472 464 Oversold Bearish Oversold Lower Bands Under Under Under
LPKR.JK 1,060 1,050 1,020 1,060 1,050 Neutral Bearish Neutral Middle Bands Under Under Upper
LSIP.JK 2,370 2,260 2,175 2,285 2,235 Neutral Bullish Neutral Middle Bands Under Under Upper
MAPI.JK 5,475 5,275 5,050 5,450 5,350 Neutral Bearish Neutral Middle Bands Under Under Under
MASA.JK 313 314 287 315 309 Neutral Bullish Neutral Middle Bands Upper Upper Under
MNCN.JK 2,900 2,880 2,740 2,900 2,850 Neutral Bearish Neutral Middle Bands Upper Upper Upper
MTLA.JK 420 423 410 425 419 Neutral Bullish Neutral Middle Bands Under Under Upper
MYOR.JK 29,500 29,225 28,050 29,350 29,225 Overbought Bearish Neutral Middle Bands Upper Upper Upper
PGAS.JK 5,550 5,450 5,200 5,550 5,450 Neutral Bearish Neutral Middle Bands Under Upper Upper
PTBA.JK 11,550 10,825 10,900 11,375 10,850 Oversold Bearish Neutral Middle Bands Under Upper Under
RALS.JK 1,275 1,240 1,205 1,275 1,240 Neutral Bearish Neutral Middle Bands Under Under Upper
ROTI.JK 1,320 1,290 1,250 1,320 1,295 Neutral Bearish Neutral Middle Bands Upper Upper Upper
SGRO.JK 2,410 2,300 2,225 2,340 2,290 Neutral Bullish Neutral Middle Bands Under Upper Upper
SIMP.JK 1,065 1,010 990 1,035 1,020 Neutral Bearish Neutral Middle Bands Under Upper Upper
SMCB.JK 2,840 2,590 2,480 2,595 2,525 Neutral Bullish Neutral Middle Bands Under Under Upper
SMGR.JK 15,425 15,425 14,825 15,475 15,375 Overbought Bearish Neutral Middle Bands Upper Under Upper
SMRA.JK 1,240 1,195 1,150 1,240 1,215 Neutral Bearish Neutral Middle Bands Under Upper Upper
SSIA.JK 750 685 700 725 695 Oversold Bearish Neutral Lower Bands Under Under Under
TLKM.JK 2,545 2,420 2,405 2,545 2,420 Oversold Bullish Neutral Middle Bands Under Upper Upper
TOTL.JK 815 795 770 815 800 Neutral Bearish Neutral Middle Bands Under Under Upper
UNTR.JK 23,100 22,525 20,750 23,100 22,700 Neutral Bearish Neutral Middle Bands Upper Upper Upper
WIKA.JK 2,310 2,260 2,195 2,310 2,280 Neutral Bearish Neutral Middle Bands Under Under Upper
WSKT.JK 710 685 640 710 685 Neutral Bearish Neutral Middle Bands Under Under Upper
Ticker Stochastic Indicator Moving Average
Daily Price Action
RESEARCH DIVISION
Jasa Adhi Mulya [email protected] Robertus Yanuar Hardy [email protected] Lanjar Nafi Taulat I [email protected] Hansen Teguh [email protected] Aji Setiawan [email protected] Alan Milgerry [email protected] Pieter Djatmiko [email protected]
Disclaimer:
Informasi, opini dan rekomendasi yang terdapat dalam dokumen ini disajikan oleh PT Reliance Securities Tbk. dari sumber-sumber yang dianggap terpercaya dan dapat diandalkan. Dokumen ini bukan merupakan penawaran, invitasi atau representasi dalam bentuk apapun untuk pengambilan keputusan membeli maupun menjual saham. Keputusan investasi yang diambil berdasarkan dokumen ini bukan merupakan tanggung jawab PT Reliance Securities Tbk. PT Reliance Securities Tbk. berhak untuk
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