Weekly Technical View

Weekly Technical View More to downside than the upside

Technical Report

Market Recap

Feb 16, 2015

Pada minggu lalu indeks bergerak mixed dengan kecenderungan naik, yang ditutup dilevel penutupan tertinggi. Sayangnya volume semakin menurun.

Indicator says Betrand Raynaldi +62-21-5151140 [email protected]

Indicator Stochastic masih terus naik di area jenuh beli, MACD dan PSAR masih naik.

Sentiment Sentimen dari bursa luar negeri akan mempengaruhi pergerakan indeks pada pekan ini demikian pula dengan laporan keuangan yang semakin banyak keluar.

This Week’s Prediction Indeks bergerak mendekati resistance channel uptrendnya, kami perkirakan indeks tidak akan menembus resistance dan akan terkoreksi untuk konsolidasi.

Trading Strategy Sell on Strength

Analysts who prepared this report are registered as research analysts in Indonesia but not in any other jurisdiction. PLEASE SEE ANALYST CERTIFICATIONS AND IMPORTANT DISCLOSURES & DISCLAIMERS IN APPENDIX 1 AT THE END OF REPORT.

Technical Analysis

Recommendation

Trading Buy

Support

5.277

Resistance

5.400

Close

5.374

Indicator

IHSG Sentiment Sentimen dari bursa luar negeri akan mempengaruhi pergerakan indeks pada pekan ini demikian pula dengan laporan keuangan yang semakin banyak keluar.

Stoch

OB

Technical View

MACD

UP

Daily Analysis

PSAR

UP

Volume

DN

GC = Golden-cross

AC = Accumulation

DC = Dead-cross

Dis = Distribution

NM = Normal

OB = Overbought

OS = Oversold

DN = Down

Pada minggu lalu indeks menembus level tertingginya, hal ini juga didukung oleh semua indicator namun sayangnya volume semakin menurun. Dan indicator stochastic telah di area jenuh beli. Pergerakan indeks masih di channel uptrendnya namun indeks semakin mendekati level resistance nya dimana kami melihat peluang koreksi lebih besar dibanding dengan breakout.

Key Charts

Chart 1. Daily Chart

Chart 2. Weekly Chart

Source: HOTS KDB Daewoo Securities Research


KDB Daewoo Securities Research

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Recommendation

Trading Sell/ Buy

Stock in Focus

On Weakness

Target price

2890

PT. Telekomunikasi Indonesia (persero) Tbk (TLKM)

Close

Indicator

Pada minggu lalu telah membawa saham Telkom memecahkan rekor tertinggi

2980

penutupan dan rekor tertinggi harian, namun sayangnya pada pergerakan harian

Stoch

UP

saham TLKM menyisakan gap bawah di 2905. Dan berdasarkan pattern sebelumnya

MACD

UP

kenaikan yang tajam selalu disertai dengan penurunan. Jadi strategi yang dapat

PSAR

UP

Volume

UP

GC = Golden-cross

AC = Accumulation

DC = Dead-cross

Dis = Distribution

NM = Normal

OB = Overbought

OS = Oversold

DN = Down

Recommendation

Sell on Strength

Target price

4.975

Stop-loss

4.740

Close

4.985

Indicator

dipakai adalah trading sell atau pun buy on weakness.

PT AKR Corporindo Tbk. (AKRA) Saham AKRA pada minggu lalu berhasil menembus level resistance konsolidasinya dengan target berikutnya di 4975, indicator MACD berhasil golden cross sementara indicator PSAR dan stochastic naik. Strategi yang dipakai sell on strength.

Stoch

UP

MACD

GC

PSAR

UP

Volume

UP

GC = Golden-cross

AC = Accumulation

DC = Dead-cross

Dis = Distribution

NM = Normal

OB = Overbought

OS = Oversold

DN = Down

Chart 3

Chart 4.




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Technical Analysis

Recommendation

Trading Buy

Target price

1060

PT Express Transindo Utama Tbk (TAXI)

Stop-loss

990

Close

1000

Indicator

Saham TAXI pada minggu lalu ditutup turun 4% namun penurunan ini tidak disertai dengan peningkatan volume melihat chart daily mulai terlihat tekanan jual telah jauh berkurang sehingga pada minggu ini diperkirakan akan adanya rebound dengan target

Stoch

DC

MACD

UP

PSAR

UP

Volume

UP

GC = Golden-cross

AC = Accumulation

DC = Dead-cross

Dis = Distribution

NM = Normal

OB = Overbought

OS = Oversold

DN = Down

Recommendation

Trading Buy

Target price

4.290

Stop Loss

3.940

Close

4.045

Indicator

1060. Strategi yang dapat digunakan adalah gunakan rebound untuk trading buy.

PT Matahari Putra Prima Tbk. (MPPA) Saham MPPA pada minggu lalu memecahkan rekor tertingginya baik di intraday maupun closing yang disertai dengan lonjakan volume. Semua indicator masih menunjukan peningkatan. Target berikut berdasarkan fibo adalah 4290. Strategi yang dapat dipakai trading buy.

Stoch

UP

MACD

UP

PSAR

UP

Volume

UP

GC = Golden-cross

AC = Accumulation

DC = Dead-cross

Dis = Distribution

NM = Normal

OB = Overbought

OS = Oversold

DN = Down

Chart 5.

Chart 6.

Source:HOTS, KDB Daewoo Securities Research

Source: HOTS, KDB Daewoo Securities Research


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Disclaimers

This report is prepared strictly for private circulation only to clients of PT Daewoo Securities Indonesia (DWS). It is purposed only to person having professional experience in matters relating to investments. The information contained in this report has been taken from sources which we deem reliable. No warranty (express or implied) is made to the accuracy or completeness of the information. All opinions and estimates included in this report constitute our judgments as of this date, without regards to its fairness, and are subject to change without notice. However, none of DWS and/or its affiliated companies and/or their respective employees and/or agents makes any representation or warranty (express or implied) or accepts any responsibility or liability as to, or in relation to, the accuracy or completeness of the information and opinions contained in this report or as to any information contained in this report or any other such information or opinions remaining unchanged after the issue thereof. We expressly disclaim any responsibility or liability (express or implied) of DWS, its affiliated companies and their respective employees and agents whatsoever and howsoever arising (including, without limitation for any claims, proceedings, action, suits, losses, expenses, damages or costs) which may be brought against or suffered by any person as a results of acting in reliance upon the whole or any part of the contents of this report and neither DWS, its affiliated companies or their respective employees or agents accepts liability for any errors, omissions or misstatements, negligent or otherwise, in the report and any liability in respect of the report or any inaccuracy therein or omission there from which might otherwise arise is hereby expresses disclaimed. This document is not an offer to sell or a solicitation to buy any securities. This firms and its affiliates and their officers and employees may have a position, make markets, act as principal or engage in transaction in securities or related investments of any company mentioned herein, may perform services for or solicit business from any company mentioned herein, and may have acted upon or used any of the recommendations herein before they have been provided to you. © PT Daewoo Securities Indonesia 2014.


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Weekly Technical View

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