Technical Research. Tuesday, 14 th April 2020 JAKARTA COMPOSITE INDEX (JCI): (-0.54%) Daily Signal Forecast :

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Technical Research

Tuesday, 14

th

_{April 2020}

JAKARTA COMPOSITE INDEX (JCI):

4623.89 (-0.54%)

Value: RG 3.5 T (NG 2.0 T); Foreign Net Buy 322.654 B

Minimum Daily Range (est): 4529.48

– 4697.67

Commentary:JCI chart fell 0.54% at level 4623.89 during the end of trading session on 13 April 2020. Based on the fibonacci retracement, the first and second support are ranging around level 4529.48 and 4397.44. Meanwhile, the first and second resistance are ranging around level 4697.67 and 4883.15. Based on the indicator, MACD has established a golden cross at the negative area. Meanwhile, Stochastic and RSI are neutral. In addition, an inside bar is detected signifying indecision. Thus, JCI shall move in sideways.

Komentar:IHSG ditutup terkoreksi 0.54% di level 4623.89 pada 13 April 2020. Berdasarkan rasio fibonacci, support pertama maupun kedua memiliki range pada level 4529.48 and 4397.44. Sementara itu, resistance pertama maupun kedua memiliki range pada 4697.67 hingga 4883.15. Berdasarkan indikator, MACD telah membentuk pola golden cross di area negatif. Sementara itu, Stochastic dan RSI berada di area netral. Di sisi lain, terlihat pola inside bar yang mengindikasikan adanya indecision sehingga berpotensi menimbulkan sideways pada pergerakan IHSG.

Analyst: Muhammad Nafan Aji Gusta Utama E-Mail: [email protected]

JCI, Daily

Daily Signal

“Forecast”:

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PT. Bank Negara Indonesia Tbk. (BBNI)

3990

Recommendation: BUY

BBNI, Daily

Commentary: BBNI stock chart remained stagnant at level 3990 during the end of trading session on 13 April 2020. A bullish homing pigeon candlestick pattern is detected signifying buying stimulus.“Accumulative Buy” around level 3850 –4000 area, with target prices at level 4240, 4620 and 5000.

Komentar: BBNI ditutup stagnan di level 3990 pada 13 April 2020. Terlihat pola bullish homing pigeon candlestick pattern yang mengindikasikan adanya potensi stimulus beli pada pergerakan harga saham.“Akumulasi Beli” pada area 3850 –4000, dengan target harga di level 4240, 4620 dan 5000.

Indicator: Status:

MACD (12;26;9) Buy

RSI (14) Buy

RoE: 12.31%; PER: 4.80; EPS: 831.59; PBV: 0.59; Beta: 2.05

Support: 3850 & 3470.

Short term target price(s) (1 day - 3 weeks): 4240, 4620 & 5000.

Mid term target price(s) (3 weeks - 3 months):

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-PT. Bank Rakyat Indonesia Tbk. (BBRI)

2770

Recommendation: BUY

BBRI, Daily

Commentary: BBRI stock chart fell at level 2770 during the end of trading session on 13 April 2020. The price is above the lower band of the bollinger and a bullish spinning top candle is detected signifying buying stimulus.“Accumulative Buy” around level 2640- 2780 area, with target prices at level 2860, 3060, 3220, 3330 and 3810.

Komentar: BBRI ditutup melemah di level 2770 pada 13 April 2020. Pergerakan harga masih bertahan di atas garis bawah dari bollinger dan terlihat pola bullish spinning top candle yang mengindikasikan adanya potensi stimulus beli. “Akumulasi Beli” pada area level 2640 - 2780, dengan target harga secara bertahap di level 2860, 3060, 3220, 3330 dan 3810.

MACD (12;26;9) Buy

RSI (14) Buy

RoE: 16.46%; PER: 9.84x; EPS: 281.51; PBV: 1.62x; Beta: 1.48

Support:2640 & 2500.

Short term target price(s) (1 day - 3 weeks): 2860 & 3060.

Mid term target price(s) (3 weeks - 3 months): 3220 & 3330.

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PT. Bank Central Asia Tbk. (BBCA) 27500

Recommendation: BUY

BBCA, Daily

Commentary:BBCA stock chart fell at level 27500 during the end of trading session on 13 April 2020.All target prices at level 28200, 28625, 28900 and 30175 were reached successfully. Since the price has retested the MA 10, it will eventually ascend to the nearest resistance at first, on the upside.“Accumulative Buy” around level 26825 –27500 area, with target prices at level 28200, 28625, 28900 and 30175.

Komentar: BBCA ditutup melemah di level 27500 pada 13 April 2020. Adapun seluruh target harga pada level 28200, 28625, 28900 dan 30175 berhasil tercapai dengan baik. Pergerakan harga saham telah menguji garis MA 10 sehingga peluang terjadinya penguatan minimal menuju ke level resistance pertama masih terbuka lebar. “AkumulasiBeli” pada area 26825 –27500, dengan target harga secara bertahap di level 28200, 28625, 28900 dan 30175.

MACD (12;26;9) Buy

RSI (14) Buy

RoE: 16.40%; PER: 23.40x; EPS: 1,170.70; PBV: 3.84x; Beta: 0.92

Support: 26675 & 26375.

Mid term target price(s) (3 weeks - 3 months):30175.

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-PT. Estika Tata Tiara Tbk. (BEEF) 226

Recommendation: BUY

BEEF, Daily

Commentary: BEEF stock chart rose at level 226 during the end of trading session on 13 April 2020.The target prices at level 232 and 252 were reached successfully.Since the price has retested the MAs 10 and 20, it will eventually ascend to the nearest resistance at first, on the upside.“Accumulative Buy” around level 216–226 area, with target prices at level 232, 252, 266 and 326.

Komentar: BEEF ditutup menguat di level 226 pada 13 April 2020. Adapun target harga pada level 232 dan 252

berhasil tercapai dengan baik. Pergerakan harga saham telah menguji garis MA 10 dan 20 sehingga peluang terjadinya penguatan minimal menuju ke level resistance pertama masih terbuka lebar. “Akumulasi Beli” pada area 216–226, dengan target harga secara bertahap di level 232, 252, 266 dan 326.

MACD (12;26;9) Buy

RSI (14) Buy

RoE: 16.46%; PER: 9.84x; EPS: 33.57; PBV: 1.62x; Beta: N/A

Support: 206 & 178.

Mid term target price(s) (3 weeks - 3 months): 326.

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-PT. Charoen Pokphand Indonesia Tbk. (CPIN)

4320

Recommendation: BUY

CPIN, Daily

Commentary: CPIN stock chart fell at level 4320 during the end of trading session on 13 April 2020.The target prices at level 4340, 4580, 4770 and 4910 were reached successfully. A tweeter bottom candlestick pattern is detected signifying a potential reversal.“Accumulative Buy” around level 4280 –4320 area, with target prices at level 4580, 4770, 4910 and 5500.

Komentar: CPIN ditutup melemah di level 4320 pada 13 April 2020. Adapun target harga pada level 4340, 4580, 4770 dan 4910 berhasil tercapai dengan baik. Terlihat pola tweeter bottom candlestick pattern yang mengindikasikan adanya potensi reversal pada pergerakan harga saham.“Akumulasi Beli” pada area level 4280 –4320, dengan target harga secara bertahap di level 4580, 4770, 4910 dan 5500.

MACD (12;26;9) Buy

RSI (14) Buy

Support:4050 & 3880.

Short term target price(s) (1 day - 3 weeks):4580.

Mid term target price(s) (3 weeks - 3 months):4770 & 4910. Long term target price(s) (3 months - 1 year):5500.

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PT. Indocement Tunggal Prakarsa Tbk. (INTP)

11425

Recommendation: BUY

INTP, Daily

Commentary:INTP stock chart fell at level 11425 during the end of trading session on 13 April 2020. The target prices at level 12925 and 13850 were reached successfully.Since the price has retested the MA 20, it will eventually ascend to the nearest resistance at first, on the upside.“Accumulative Buy” around level 10800 –11500 area, with target prices at level 12925, 13850, 14525 and 17300.

Komentar:INTP ditutup melemah di level 11425 pada 13 April 2020. Adapun target harga pada level 12925 dan 13850 berhasil tercapai dengan baik. Pergerakan harga saham telah menguji garis MA 20 sehingga peluang terjadinya penguatan minimal menuju ke level resistance pertama masih terbuka lebar. “Akumulasi Beli” pada area level 10800 – 11500, dengan target harga secara bertahap di level 12925, 13850, 14525 dan 17300.

Support: 10400 & 9600.

Short term target price(s) (1 day - 3 weeks): 12925 & 13850.

Mid term target prie(s) (3 weeks - 3 months): 14525.

Long term target price(s) (3 months - 1 year):17300.

MACD (12;26;9) Buy

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STOCK RECOMMENDATION UPDATES

Stock Date Buy Area Target Profit Protection Status

AALI 31/3/2020 4980 –5150 6625, 6600, 7350, 7900 and 10150 4560 Hold ACES 20/3/2020 1130–1150 1230, 1295, 1345 and 1535 Switch to 1345 Hold ADHI 5/3/2020 760–790 815, 835, 850 and 910 Switch to 815 Hold ADRO 23/3/2020 610–750 815, 900, 960 and 1210 Switch to 960 Hold ANTM 30/3/2020 426 –460 486, 555, 615, 660 and 800 Switch to 555 Hold ASII 26/3/2020 3180 –3280 3430, 4000, 4450, 4760 and 6100 Switch to 4000 Hold ASRI 8/4/2020 120 –125 144, 169, 188, 202 and 260 100 Hold AUTO 7/4/2020 780 –840 885, 980, 1055, 1105 and 1325 715 Hold BMRI 13/4/2020 4460 –4680 4790, 5050, 5225, 5650 and 6100 4360 Hold BJTM 31/3/2020 408 –438 478, 505, 525, 540 and 600 Switch to 540 Hold BNGA 31/3/2020 575 –605 620, 645, 665, 680 and 735 Switch to 680 Hold BSDE 3/4/2020 630 –650 760, 835, 890 and 1120 Switch to 890 Hold CTRA 3/4/2020 394 –414 505, 585, 640 and 870 Switch to 640 Hold ELSA 6/4/2020 186 –204 218, 228, 236 and 270 Switch to 218 Hold ERAA 8/4/2020 960–1210 1260, 1320, 1360 and 1535 Switch to 1260 Hold EXCL 8/4/2020 2210 - 2280 2570, 2690, 2790, 2860 and 3150 2110 Hold GGRM 4/3/2020 50000 - 50800 51500, 52950, 54100, 59050, 64000 and 68925 Switch to 52950 Hold GIAA 1/4/2020 179 –181 194, 204, 212 and 240 Switch to 212 Hold

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STOCK RECOMMENDATION UPDATES

ICBP 9/4/2020 9325 –9625 9850, 10050, 10175 and 10750 Switch to 10050 Hold IPCC 24/3/2020 224–234 404, 530, 620 and 1000 61 Hold IMAS 7/4/2020 450 - 550 640, 710, 760 and 970 390 Hold INCO 9/4/2020 2150 –2210 2370, 2490, 2580 and 2950 1925 Hold INDF 9/4/2020 6000 –6250 6400, 6675, 6750 and 7275 Switch to 6400 Hold INDY 2/4/2020 655 –725 740, 905, 1030, 1120 and 1500 Switch to 740 Hold ISAT 1/4/2020 1465 - 1555 1645, 1710, 1760 and 1955

Switch to 1955 Take Profit at Market Price ITMG 24/3/2020 5625 –6375 7250, 7850, 8275 and 10050 Switch to 8275 Hold JPFA 9/4/2020 900–920 970, 1065, 1140, 1190 and 1415 800 Hold KLBF 30/3/2020 970–1010 1045, 1070, 1090 and 1175

Switch to 1175 Take Profit at Market Price LPKR 13/4/2020 136–147 152, 166, 179, 187 and 224 122 Hold LPPF 13/4/2020 1200 –1245 1380, 1715, 1975, 2160 and 2940 1010 Hold LSIP 6/4/2020 730–800 885, 940, 980 and 1150 Switch to 885 Hold MAIN 13/4/2020 448 –480 496, 530, 555, 575 and 650 418 Hold MYOR 3/4/2020 1710 - 1810 1895, 1975, 2030 and 2270 Switch to 1895 Hold PNLF 15/1/2020 276 - 280 284, 306, 330 and 352 Switch to 284 Hold PTBA 2/3/2020 2190 –2250 2440, 2770, 3100 and 3430 Switch to 2440 Hold PWON 8/4/2020 392–404 460, 492, 515 and 615 340 Hold

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STOCK RECOMMENDATION UPDATES

SCMA 20/3/2020 620–640 740, 825, 885 and 1130 Switch to 885 Hold SMGR 1/4/2020 6950 –7650 8275, 8775, 9125 and 10575 Switch to 8275 Hold SMRA 20/3/2020 490 –494 610, 680, 730 and 935 362 Hold TBIG 30/3/2020 825 –875 920, 955, 975 and 1070 Switch to 975 Hold TINS 7/4/2020 452 –515 595, 660, 710 and 900 368 Hold TLKM 19/3/2020 2740 –2810 2910, 3010, 3070 and 3340

Switch to 3340 Take Profit at Market Price TOWR 30/3/2020 670 –680 710, 725, 735 and 775 Switch to 735 Hold UNVR 31/3/2020 6200–6500 6800, 7200, 7725, 8950 and 10175 Switch to 7200 Hold UNTR 27/3/2020 14400 –15100 15400, 16300, 17025, 17525 and 19650 Switch to 17525 Hold WEGE 6/4/2020 163 –173 190, 204, 214 and 256 Switch to 204 Hold WIKA 24/3/2020 750 - 775 955, 1100, 1205 and 1635 Switch to 1205 Hold WSBP 7/4/2020 143–173 200, 230, 250 and 336 121 Hold WSKT 7/4/2020 515 - 635 75, 910, 1010 and 1415 410 Hold WTON 7/4/2020 226 –288 326, 356, 376 and 460 206 Hold

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Indicators

•MACD (Moving Average Convergence Divergence): momentum indicator.

•RSI (Relative Strength Index):compares the magnitude of recent gains to recent losses in attempt to determine ‘overbought’ and ‘oversold’ conditions of the asset.

•Stochastic: technical momentum indicator that compares a currency pair’s closing price to its price range over a given time period.

RESEARCH TEAM

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Disclaimer: PT Binaartha Sekuritas has compiled this report in good faith, using information believed to be reliable. PT Binaartha Sekuritas and its analyst take no responsibility for the accuracy of the information contained in this report. This report has been produced for distribution to clients of PT Binaartha Sekuritas only. This report is not an invitation to buy or sell any security. PT Binaartha Sekuritas may have used the information in this report prior to publication. The company or its clients