Technical Research · 2020. 5. 14. · PT. XL Axiata Tbk. (EXCL) 2290 Recommendation: BUY EXCL,...

Technical ResearchWednesday, 13th May 2020

JAKARTA COMPOSITE INDEX (JCI): 4588.73 (-1.09%)

Value: RG 5.8 T (NG 1.1 T); Foreign Net Sell 1.017 T

Minimum Daily Range (est): 4443.63 – 4747.88

Commentary: JCI chart plunged 1.09% at level 4588.73 during the end of trading session on 12 May 2020. Basedon the fibonacci retracement, the first and second support are ranging around level 4443.63 and 4318.10.Meanwhile, the first and second resistance are ranging around level 4747.88 and 4975.54. Based on the indicator,MACD had established a golden cross formation at the negative area. Meanwhile, Stochastic and RSI are neutral. Inaddition, a downward bar is detected signifying the bears are in control. On the downside, JCI shall descend to thenearest support.

Komentar: IHSG ditutup melemah signifikan 1.09% di level 4588.73 pada 12 Mei 2020. Berdasarkan rasiofibonacci, support pertama maupun kedua memiliki range pada level 4443.63 hingga 4318.10. Sementara itu,resistance pertama maupun kedua memiliki range pada 4747.88 hingga 4975.54. Berdasarkan indikator, MACDmasih dalam status pola golden cross di area negatif. Sementara itu, Stochastic dan RSI berada di area netral. Disisi lain, terlihat pola downward bar yang mengindikasikan adanya koreksi lanjutan pada pergerakan IHSGsehingga berpeluang menuju ke support terdekat.

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

JCI, Daily

Daily Signal

“Forecast”:

*Analisa di atas dapat berubah dan akan dianalisa kembali (update) jika terjadi perubahan mendasar dari faktor teknis analisis.

*The analysis above may change and will be updated whenever there is a fundamental change from the technical analysis factor.

PT. Ace Hardware Indonesia Tbk. (ACES) 1350

Recommendation: BUY

ACES, Daily

Commentary: ACES stock chart fell at level 1350 during the end of trading session on 12 May 2020. All target prices at level 1295, 1345 and 1535 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 1320 – 1350 area, withtarget prices at level 1365, 1475 and 1580.

Komentar: ACES ditutup melemah di level 1350 pada 12 Mei 2020. Adapun seluruh target harga pada level 1295, 1345 dan 1535 berhasil tercapai dengan baik. Pergerakan harga saham telah menguji beberapa garis MA 10 dan 20 sehingga peluang terjadinya penguatan minimal menuju ke level resistance pertama masih terbuka lebar. “Akumulasi Beli” pada area level 1365 – 1375, dengan target harga secara bertahap di level 1365, 1475 dan 1580.

Indicator: Status:

MACD (12;26;9) Neutral

RSI (14) Neutral

RoE: 21.72%; PER: 22.74x; EPS: 60.24; PBV: 4.95x; Beta: 1.2

Support: 1320 & 1285.

Short term target price(s) (1 day - 3 weeks): 1365.

Mid term target price(s) (3 weeks - 3 months): 1475.

Long term target price(s) (3 months - 1 year): 1580.



PT. Bank Tabungan Negara Tbk. (BBTN) 825

Recommendation: BUY

BBTN, Daily

Commentary: BBTN stock chart fell at level 825 during the end of trading session on 12 May 2020. 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 820 – 830 area, with target prices at level 840, 895, 990, 1090 and 1185.

Komentar: BBTN ditutup melemah di level 825 pada 12 Mei 2020. Pergerakan harga saham telah menguji garis MA 10 sehingga peluang terjadinya penguatan minimal menuju ke level resistance pertama masih terbuka lebar. “AkumulasiBeli” pada area 820 – 830, dengan target harga secara bertahap di level 840, 895, 990, 1090 dan 1185.

Indicator: Status:

MACD (12;26;9) Buy

RSI (14) Neutral




Support: 795.

Short term target price(s) (1 day - 3 weeks): 840 & 895.


Long term target price(s) (3 months - 1 year): 1090 & 1185.

PT. Erajaya Swasembada Tbk. (ERAA) 1165RoE: 5.93%; PER: 12.69x; EPS: 92.21; PBV: 0.75x; Beta: 1.95

Recommendation: BUY

ERAA, Daily

Commentary: ERAA stock chart fell at level 1165 during the end of trading session on 12 May 2020. A target price at level 1260 was reached successfully. Since the price has retested the MAs 10 and 20, it will eventually ascend to thenearest resistance at first, on the upside. “Accumulative Buy” around level 1150 – 1170 area, with target prices atlevel 1215, 1260, 1370 and 1475.

Komentar: ERAA ditutup melemah di level 1165 pada 12 Mei 2020. Adapun target harga pada level 1260 telah berhasil tercapai dengan baik. Pergerakan harga saham telah menguji beberapa garis MA 10 maupun MA 20 sehingga peluang terjadinya penguatan minimal menuju ke level resistance pertama masih terbuka lebar. “Akumulasi Beli” pada area level 1150 – 1170, dengan target harga secara bertahap di level 1215, 1260, 1370 dan 1475.

Support: 1125, 1095 & 1045.


Mid term target price(s) (3 weeks - 3 months): 1370 & 1475.

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



Indicator: Status:

MACD (12;26;9) Buy

RSI (14) Neutral

PT. XL Axiata Tbk. (EXCL) 2290

Recommendation: BUY

EXCL, Daily

Commentary: EXCL stock chart fell at level 2290 during the end of trading session on 12 May 2020. The target prices at level 2440, 2560 and 2650 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 2220 - 2290 area, with target prices at level 2340, 2580, 2820 and 3050.

Komentar: EXCL ditutup melemah di level 2290 pada 12 Mei 2020. Adapun target harga pada level 2440, 2560 dan 2650 telah 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. “Akumulasi Beli” pada area level 2220 - 2290, dengan target harga secara bertahap di 2340, 2580, 2820 dan 3050.

Indicator: Status:


RSI (14) Neutral




Support: 2220 & 2110.

Short term target price(s) (1 day - 3 weeks): 2340.


Long term target price(s) (3 months - 1 year): 2820 & 3050.

PT. Indosat Tbk. (ISAT) 2000

Recommendation: BUY

ISAT, Daily

Commentary: ISAT stock chart fell at level 2000 during the end of trading session on 12 May 2020. All target prices were reached successfully. Since the price has retested the MAs 10 and 20, it will eventually ascend to the nearestresistance at first, on the upside. “Accumulative Buy” around level 1990 – 2010 area, with target prices at level 2080, 2320, 2880 and 3450.

Komentar: ISAT ditutup melemah di level 2000 pada 12 Mei 2020. Adapun target harga saham telah berhasil tercapai dengan baik. Pergerakan harga saham telah menguji beberapa garis MA 10 maupun MA 20 sehingga peluang terjadinya penguatan minimal menuju ke level resistance pertama masih terbuka lebar. “Akumulasi Beli” pada area level 1990 – 2010, dengan target harga secara bertahap di level 2080, 2320, 2880 dan 3450.

Indicator: Status:


RSI (14) Neutral

RoE: -19.09%; PER: -4.59x; EPS: -448.60; PBV: 0.88x; Beta: 1.72



Support: 1890.




PT. Telekomunikasi Indonesia Tbk. (TLKM) 3150

Recommendation: BUY

TLKM, Daily

Commentary: TLKM stock chart fell at level 3150 during the end of trading session on 12 May 2020. A target price at level 3250 was reached successfully. Since the price has retested the MA20, it will eventually ascend to the nearestresistance at first, on the upside. “Accumulative Buy” around level 3120 – 3150 area, with target prices at level 3190, 3250, 3500, 3750 and 4000.

Komentar: TLKM ditutup melemah di level 3150 pada 12 Mei 2020. Adapun target harga pada level 3250 telah 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 3120 – 3150,dengan target harga secara bertahap di level 3190, 3250, 3500, 3750 dan 4000.

Indicator: Status:

MACD (12;26;9) Buy

RSI (14) Neutral


Support: 3120 & 3000.


Mid term target price(s) (3 weeks - 3 months): 3500 & 3750.




STOCK RECOMMENDATION UPDATES

Stock Date Buy Area Target Profit Protection Status

AALI 29/4/2020 5700 – 6000 6225, 6775 and 7350 5100 Hold/ Maintain Buy

ADRO 30/4/2020 870 – 890 960 and 1210 Switch to 960 Hold/ Maintain Buy

AKRA 28/4/2020 1980 – 2050 2080, 2190, 2320, 2630 and 2940

Switch to 2320 Hold/ Maintain Buy

ANTM 8/5/2020 490 – 500 555 and 760 Switch to 555 Hold/ Maintain Buy

APLN 5/5/2020 100 – 102 111, 116, 120 and 135

93 Hold/ Maintain Buy

ASII 5/5/2020 3600 – 3620 4000, 4450, 4760 and 6100


AUTO 7/4/2020 780 – 840 885, 980, 1055, 1105 and 1325


BBTN 11/5/2020 840 – 850 895, 990, 1090 and 1185


BEEF 28/4/2020 196 - 200 232, 252, 266 and 326


BJTM 31/3/2020 408 – 438 478, 505, 525, 540 and 600


BMRI 11/5/2020 4160 – 4210 4500, 4880, 5175, 5400 and 6275


BNGA 6/5/2020 610 - 620 670, 710 and 750 Switch to 670 Hold/ Maintain Buy

BSDE 11/5/2020 660 – 670 760, 835, 890 and1120


DOID 30/4/2020 125 - 129 133, 139, 146, 163 and 180


CPIN 8/5/2020 4200 – 4300 4580, 4770, 4910 and 5500


CTRA 5/5/2020 505 – 515 585, 640 and 870 405 Hold/ Maintain Buy

ELSA 22/4/2020 180 – 184 191, 212, 228 and 290


GGRM 28/4/2020 42500 - 43500 44575, 48700 and 66125


GIAA 15/5/2020 210 – 230 250, 264, 274 dan 320


HMSP 5/5/2020 1490 – 1520 1660, 1820, 2190 and 2550


HOKI 12/5/2020 685 – 695 720, 750, 770 and 850




ICBP 9/4/2020 9325 – 9625 9850, 10050, 10175 and 10750


IPCC 24/3/2020 224 – 234 404, 530, 620 and 1000


IMAS 7/4/2020 450 - 550 640, 710, 760 and970

390 Hold

INDF 28/4/2020 6200 – 6300 6400, 6675, 6750 and 7275


INDY 27/4/2020 655 – 715 740, 905, 1030, 1120 and 1500


INTP 29/4/2020 10400 – 10600 11725, 12925, 13850, 14525 and 17300


ITMG 27/4/2020 6600 – 6900 7250, 7850, 8275 and 10050


JPFA 27/4/2020 865 – 895 970, 1065, 1140, 1190 and 1415


KLBF 30/3/2020 970 – 1010 1045, 1070, 1090 and 1175

Switch to 1175 Take Profit at Market Price

LPKR 11/5/2020 140 - 145 151, 166, 179, 187 and 224


LPPF 29/4/2020 1230 – 1250 1325, 1505, 1685 and 1865


LSIP 24/4/2020 615 – 645 695, 755 and 1000 Switch to 755 Hold/ Maintain Buy

MAIN 11/5/2020 530 – 550 585, 640, 685 and 855


MAPI 15/4/2020 520 - 530 575, 640, 690, 730 and 880


MYOR 3/4/2020 1710 - 1810 1895, 1975, 2030 and 2270


PNLF 15/1/2020 276 - 280 284, 306, 330 and352

Switch to 284 Hold

PTBA 2/3/2020 2190 – 2250 2440, 2770, 3100 and3430


SCMA 6/5/2020 760 – 790 825, 885 and 1130 Switch to 825 Hold/ Maintain Buy

SMGR 16/4/2020 6950 – 7150 7650, 8275, 8775, 9125 and 10575


SMRA 20/3/2020 490 – 494 610, 680, 730 and 935


SRIL 30/4/2020 149 – 152 157, 163, 178 and 192




TBIG 30/3/2020 825 – 875 920, 955, 975 and 1070


TINS 7/4/2020 452 – 515 595, 660, 710 and900


TOWR 30/3/2020 670 – 680 710, 725, 735 and 775


UNTR 8/5/2020 15100 – 15300 16225, 17375, 18850, 22275 and 25700


UNVR 22/4/2020 6800 - 7000 7200, 7725, 8950 dan 10175


WEGE 29/3/2020 150 – 155 163, 171, 180, 202 and 224


WIKA 24/3/2020 750 - 775 955, 1100, 1205 and1635


WSBP 7/4/2020 143 – 173 200, 230, 250 and 336


WSKT 7/4/2020 515 - 635 775, 910, 1010 and 1415


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(62-21) 520-6678 ext. 610 / 612

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

Technical Research · 2020. 5. 14. · PT. XL Axiata Tbk. (EXCL) 2290 Recommendation: BUY EXCL,...

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Transcript of Technical Research · 2020. 5. 14. · PT. XL Axiata Tbk. (EXCL) 2290 Recommendation: BUY EXCL,...