Technical Research - BINAARTHA SEKURITAS...Terlihat pola bullish harami candlestick pattern yang...
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Technical Research Monday, 20 th April 2020 JAKARTA COMPOSITE INDEX (JCI): 4634.82 (+3.44%) Value: RG 6.4 T (NG 1.0 T); Foreign Net Sell 552.289 B Minimum Daily Range (est): 4569.16 – 4747.88 Commentary: JCI chart surged 3.44% at level 4634.82 during the end of trading session on 17 April 2020. Based on the fibonacci retracement, the first and second support are ranging around level 4569.16 and 4443.63. Meanwhile, the first and second resistance are ranging around level 4747.88 and 4975.54. Based on the indicator, MACD has established a golden cross at the negative area. Meanwhile, Stochastic and RSI are neutral. In addition, an upward bar is detected signifying the bulls are in control. On the upside, JCI shall ascend to the nearest resistance. Komentar: IHSG berhasil ditutup menguat signifikan 3.44% di level 4634.82 pada 17 April 2020. Berdasarkan rasio fibonacci, support pertama maupun kedua memiliki range pada level 4569.16 hingga 4443.63. Sementara itu, resistance pertama maupun kedua memiliki range pada 4747.88 hingga 4975.54. 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 upward bar yang mengindikasikan adanya yang mengindikasikan adanya penguatan lanjutan pada pergerakan IHSG sehingga berpeluang menuju ke area resistance terdekat. Analyst: Muhammad Nafan Aji Gusta Utama E-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.
Transcript of Technical Research - BINAARTHA SEKURITAS...Terlihat pola bullish harami candlestick pattern yang...
Technical ResearchMonday, 20th April 2020
JAKARTA COMPOSITE INDEX (JCI): 4634.82 (+3.44%)
Value: RG 6.4 T (NG 1.0 T); Foreign Net Sell 552.289 B
Minimum Daily Range (est): 4569.16 – 4747.88
Commentary: JCI chart surged 3.44% at level 4634.82 during the end of trading session on 17 April 2020. Based onthe fibonacci retracement, the first and second support are ranging around level 4569.16 and 4443.63. Meanwhile,the first and second resistance are ranging around level 4747.88 and 4975.54. Based on the indicator, MACD hasestablished a golden cross at the negative area. Meanwhile, Stochastic and RSI are neutral. In addition, an upwardbar is detected signifying the bulls are in control. On the upside, JCI shall ascend to the nearest resistance.
Komentar: IHSG berhasil ditutup menguat signifikan 3.44% di level 4634.82 pada 17 April 2020. Berdasarkan rasiofibonacci, support pertama maupun kedua memiliki range pada level 4569.16 hingga 4443.63. Sementara itu,resistance pertama maupun kedua memiliki range pada 4747.88 hingga 4975.54. Berdasarkan indikator, MACDtelah membentuk pola golden cross di area negatif. Sementara itu, Stochastic dan RSI berada di area netral. Di sisilain, terlihat pola upward bar yang mengindikasikan adanya yang mengindikasikan adanya penguatan lanjutanpada pergerakan IHSG sehingga berpeluang menuju ke area resistance 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. Aneka Tambang Tbk. (ANTM) 520RoE: 1.07%; PER: 63.74x; EPS: 8.08; PBV: 0.68x; Beta: 1.53
Recommendation: BUY
ANTM, Daily
Commentary: ANTM stock chart rose at level 520 during the end of trading session on 17 April 2020. The target prices at level 486 and 555 were reached successfully. The price is above the middle band of the bollinger and a bullish harami doji star candlestick pattern is detected signifying buying stimulus. “Accumulative Buy” around level 500 – 520 area, with target prices at 560, 615, 660 and 830.
Komentar: ANTM ditutup menguat di level 520 pada 17 April 2020. Adapun target harga pada level 486 dan 555 telah berhasil tercapai dengan baik. Pergerakan harga masih bertahan di atas garis tengah dari bollinger dan terlihat polabullish harami doji star candlestick pattern yang mengindikasikan adanya potensi penguatan. “Akumulasi Beli” pada area level 500 – 520, dengan target harga secara bertahap di level 560, 615, 660 dan 830.
Indicator: Status:
MACD (12;26;9) Buy
RSI (14) Neutral
Support: 484 & 404.
Short term target price(s) (1 day - 3 weeks): 560.
Mid term target price(s) (3 weeks - 3 months): 615 & 660.
Long term target price(s) (3 months - 1 year): 830.
*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.
BMRI, Daily
Commentary: BMRI stock chart rose at level 43 during the end of trading session on 17 April 2020. The price is abovethe lower band of the bollinger and an upward bar is detected signifying buying stimulus. “Accumulative Buy” aroundlevel 4220 – 4380 area, with target prices at level 4500, 4880, 5175, 5400 and 6275.
Komentar: BMRI ditutup menguat di level 43 pada 17 April 2020. Pergerakan harga masih bertahan di atas garis bawah dari bollinger dan terlihat pola upward bar yang mengindikasikan adanya potensi stimulus beli. “AkumulasiBeli” pada area level 4220 – 4380, dengan target harga secara bertahap di level 4500, 4880, 5175, 5400 dan 6275.
PT. Bank Mandiri Tbk. (BMRI) 4380RoE: 13.15%; PER: 7.40x; EPS: 594.85; PBV: 0.97x; Beta: 1.47
Recommendation: BUY
Support: 4080.
Short term target price(s) (1 day - 3 weeks): 4500 & 4880.
Mid term target price(s) (3 weeks - 3 months): 5175 & 5400.
Long term target price(s) (3 months - 1 year): 6275.
*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.
Indicator: Status:
MACD (12;26;9) Buy
RSI (14) Neutral
PT. Bumi Serpong Damai Tbk. (BSDE) 795RoE: 8.32%; PER: 5.47x; EPS: 145.39; PBV: 0.46x; Beta: 1.61
Recommendation: BUY
BSDE, Daily
Commentary: BSDE stock chart rose at level 795 during the end of trading session on 17 April 2020. The target prices at level 760, 835 and 890 were reached successfully. The price is above the middle band of the bollinger and a bullish homing pigeon candlestick pattern is detected signifying buying stimulus. “Accumulative Buy” around level 780 –800 area, with target prices at level 835, 890 and 1120.
Komentar: BSDE ditutup menguat di level 795 pada 17 April 2020. Adapun target harga pada level 760, 835 dan 890 berhasil tercapai dengan baik. Pergerakan harga masih bertahan di atas garis tengah dari bollinger dan terlihat polabullish homing pigeon candlestick pattern yang mengindikasikan adanya potensi penguatan. “Akumulasi Beli” pada area level 780 – 800, dengan target harga secara bertahap di level 835, 890 dan 1120.
Support: 760.
Short term target price(s) (1 day - 3 weeks): 835.
Mid term target price(s) (3 weeks - 3 months): 890.
Long term target price(s) (3 months - 1 year): 1120.
*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.
Indicator: Status:
MACD (12;26;9) Buy
RSI (14) Neutral
PT. Charoen Pokphand Indonesia Tbk. (CPIN) 4240
Recommendation: BUY
CPIN, Daily
Commentary: CPIN stock chart rose at level 4240 during the end of trading session on 17 April 2020. The price is above the middle band of the bollinger and a bullish harami candlestick pattern is detected signifying buying stimulus.“Accumulative Buy” around level 4140 – 4240 area, with target prices at level 4320, 4580, 4770, 4910 and 5500.
Komentar: CPIN ditutup menguat di level 4240 pada 17 April 2020. Pergerakan harga masih bertahan di atas garis tengah dari bollinger dan terlihat pola bullish harami candlestick pattern yang mengindikasikan adanya potensi stimulus beli. “Akumulasi Beli” pada area level 4140 – 4240, dengan target harga secara bertahap di level 4320, 4580, 4770, 4910 dan 5500.
Indicator: Status:
MACD (12;26;9) Buy
RSI (14) Neutral
RoE: 16.55%; PER: 20.33x; EPS: 208.52; PBV: 3.36x; Beta: 1.1
*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.
Support: 4050 & 3880.
Short term target price(s) (1 day - 3 weeks): 4320 & 4580.
Mid term target price(s) (3 weeks - 3 months): 4770 & 4910.
Long term target price(s) (3 months - 1 year): 5500.
PT. Indofood Sukses Makmur Tbk. (INDF) 6250
Recommendation: BUY
INDF, Daily
Commentary: INDF stock chart rose at level 6250 during the end of trading session on 17 April 2020. A target price at level 6400 was reached successfully. A bullish harami candlestick pattern is detected signifying buying stimulus. “Accumulative Buy” around level 6000 – 6250 area, with target prices at level 6400, 6675, 6750 and 7275.
Komentar: INDF ditutup menguat di level 6250 pada 17 April 2020. Adapun target harga pada level 6400 berhasil tercapai dengan baik. Terlihat pola bullish harami candlestick pattern yang mengindikasikan adanya potensi stimulus beli pada pergerakan harga saham. “Akumulasi Beli” pada area level level 6000 – 6250, dengan target harga secarabertahap di level 6400, 6675, 6750 dan 7275.
Indicator: Status:
MACD (12;26;9) Buy
RSI (14) Neutral
RoE: 9.06%; PER: 11.21x; EPS: 557.75; PBV: 1.01x; Beta: 0.85
*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.
Support: 6000, 5850 & 5750.
Short term target price(s) (1 day - 3 weeks): 6400, 6675 & 6750.
Mid term target price(s) (3 weeks - 3 months): 7275.
Long term target price(s) (3 months - 1 year): -
PT. Indo Tambangraya Megah Tbk. (ITMG) 7700
Recommendation: BUY
ITMG, Daily
Commentary: ITMG stock chart rose at level 7700 during the end of trading session on 17 April 2020. The target prices at level 7250, 7850 and 8275 were reached successfully. A bullish harami candlestick pattern is detected signifying buying stimulus. “Accumulative Buy” around level 7500 – 7700 area, with target prices at level 7850, 8275 and 10050.
Komentar: ITMG ditutup menguat di level 7700 pada 17 April 2020. Adapun target harga pada level 7250, 7850 dan 8275 berhasil tercapai dengan baik. Terlihat pola bullish harami candlestick pattern yang mengindikasikan adanya potensi stimulus beli pada pergerakan harga saham. “Akumulasi Beli” pada 7500 – 7700, dengan target harga secara bertahap di level 7850, 8275 dan 10050.
RoE: 14.63%; PER: 4.71x; EPS: 1635.59; PBV: 0.71x; Beta: 1.5
Indicator: Status:
MACD (12;26;9) Buy
RSI (14) Neutral
Support: 7250 & 6475.
Short term target price(s) (1 day - 3 weeks): 7850.
Mid term target price(s) (3 weeks - 3 months): 8275 & 10050.
Long term target price(s) (3 months - 1 year): -
*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.
STOCK RECOMMENDATION UPDATES
Stock Date Buy Area Target Profit Protection Status
AALI 31/3/2020 4980 – 5150 5625, 6600, 7350, 7900 and 10150
Switch to 6600 Hold
ACES 17/4/2020 1230 – 1240 1295, 1345 and 1535 Switch to 1345 Hold
ADHI 17/4/2020 575 – 605 640, 725 and 1100 515 Hold
ADRO 23/3/2020 610 – 750 815, 900, 960 and 1210
Switch to 960 Hold
ASII 16/4/2020 3650 – 3820 4000, 4450, 4760 and 6100
3420 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
BBTN 15/4/2020 925 - 995 1170 and 1660 800 Hold
BBNI 14/4/2020 3850 – 4000 4240, 4620 and 5000 3470 Hold
BBRI 14/4/2020 2640 - 2780 2860, 3060, 3220, 3330 and 3810
Switch to 2860 Hold
BEEF 17/4/2020 206 – 220 232, 252, 266 and 326
Switch to 232 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 Take Profit at Market Price
CTRA 3/4/2020 394 – 414 505, 585, 640 and 870
Switch to 640 Hold
ELSA 17/4/2020 180 – 190 212, 228 and 290 134 Hold
ERAA 8/4/2020 960 – 1210 1260, 1320, 1360 and 1535
Switch to 1260 Hold
EXCL 15/4/2020 2170 - 2270 2440, 2560, 2650 and 3010
2010 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
GJTL 8/4/2020 350 - 356 372, 422, 460, 490 and 605
316 Hold
HMSP 23/3/2020 1085 – 1345 1620, 1990, 2250 and 3350
Switch to 1620 Hold
HOKI 15/4/2020 700 - 730 750, 770 and 850 Switch to 750 Hold
STOCK RECOMMENDATION UPDATES
Stock Date Buy Area Target Profit Protection Status
ICBP 9/4/2020 9325 – 9625 9850, 10050, 10175 and 10750
Switch to 10175 Hold
IPCC 24/3/2020 224 – 234 404, 530, 620 and 1000
61 Hold
IMAS 7/4/2020 450 - 550 640, 710, 760 and970
390 Hold
INCO 9/4/2020 2150 – 2210 2370, 2490, 2580 and 2950
Switch to 2490 Hold
INDY 2/4/2020 655 – 725 740, 905, 1030, 1120 and 1500
Switch to 740 Hold
INTP 14/4/2020 10800 – 11500 12925, 13850, 14525 and 17300
9600 Hold
ISAT 1/4/2020 1465 - 1555 1645, 1710, 1760 and 1955
Switch to 1955 Take Profit at Market Price
JPFA 9/4/2020 900 – 920 970, 1065, 1140, 1190 and 1415
Switch to 970 Hold
JSMR 15/4/2020 2980 – 3120 3280 and 4260 2710 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
Switch to 575 Take Profit at Market Price
MAPI 15/4/2020 520 - 530 575, 640, 690, 730 and 880
Switch to 575 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 and352
Switch to 284 Hold
PTBA 2/3/2020 2190 – 2250 2440, 2770, 3100 and3430
Switch to 2440 Hold
PWON 8/4/2020 392 – 404 460, 492, 515 and 615
340 Hold
SCMA 20/3/2020 620 – 640 740, 825, 885 and1130
Switch to 885 Hold
SMGR 16/4/2020 6950 – 7150 7650, 8275, 8775, 9125 and 10575
6550 Hold
SMRA 20/3/2020 490 – 494 610, 680, 730 and 935
362 Hold
STOCK RECOMMENDATION UPDATES
Stock Date Buy Area Target Profit Protection Status
TBIG 30/3/2020 825 – 875 920, 955, 975 and 1070
Switch to 975 Take Profit at Market Price
TINS 7/4/2020 452 – 515 595, 660, 710 and900
368 Hold
TLKM 19/3/2020 2740 – 2810 2910, 3010, 3070 and3340
Switch to 3340 Take Profit at Market Price
TOWR 30/3/2020 670 – 680 710, 725, 735 and 775
Switch to 775 Take Profit at Market Price
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 17/3/2020 160 - 166 190, 204, 214 and 256
130 Hold
WIKA 24/3/2020 750 - 775 955, 1100, 1205 and1635
Switch to 1205 Hold
WSBP 7/4/2020 143 – 173 200, 230, 250 and 336
121 Hold
WSKT 7/4/2020 515 - 635 775, 910, 1010 and 1415
410 Hold
WTON 17/4/2020 230 – 240 244, 258, 268, 276 and 308
Switch to 258 Hold
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.
