Technical Research Thursday, 23 rd November 2017 JAKARTA COMPOSITE INDEX (JCI): 6069.785 Daily Range: 6027.351 6092.557 Analyst: M. Nafan Aji Gusta Utama E-Mail: muhammad.nafan@binaartha.com JCI, Daily JCI, Hourly Commentary: JCI chart surged 0,63% at level 6069.785 during the end of trading session on 22 November 2017. Based on the daily pivot from Bloomberg data, first and second support are at level 6048.568 and 6027.351. Meanwhile, first and second resistance are at level 6081.171 and 6092.557. Based on the daily indicator, MACD shall establish a golden cross formation at the positive area. Meanwhile, Stochastic and RSI are neutral. A white opening marubozu candle is detected bullish continuation. Therefore, index will eventually ascend towards the resistance between level 6081 and 6093, on theupside. Komentar: IHSG ditutup menguat 0,63% di level 6069.785 pada 22 November 2017. Berdasarkan daily pivot dari Bloomberg, support pertama dan kedua berada pada level 6048.568 dan 6027.351. Sementara itu, resistance pertama dan kedua berada pada level 6081.171 dan 6092.557. Berdasarkan indikator daily, MACD akan membentuk pola golden cross di area positif. Sementara itu, Stochastic dan RSI berada di area netral. Terlihat pola white opening marubozu candle yang mengindikasikan adanya potensi bullish continuation pada pergerakan indeks saham. Dengan demikian, IHSG akan berpotensi menuju ke area resistance pada level 6081 dan 6093.
PT. Astra Agro Lestari Tbk. (AALI) 14300 RoE: 10.22%; PER: 14.59x; PBV: 1.51x; Beta: 0.15 AALI, Daily Commentary: AALI stock chart fell at level 14300 during the end of trading session on 22 November 2017. A bullish inverted hammer candle is detected signifying buying stimulus. On the upside, the price will eventually ascend to the resistance. Accumulative Buy around level 14200-14300 area, with target prices at level 14525, 14975, 15325, 15600 and 16125. Komentar: AALI ditutup melemah di level 14300 pada 22 November 2017. Saat ini, terlihat pola bullish inverted hammer candle yang mengindikasikan adanya potensi stimulus beli. Akumulasi Beli pada area level 14200-14300, dengan target harga secara bertahap di level 14525, 14975, 15325, 15600 dan 16125. Support: 14125. Resistance: 14525, 14975, 15325, 15600 & 16125.
PT. Bekasi Fajar Industrial Estate Tbk. (BEST) 276 RoE: 10.15%; PER: 6.92x; PBV: 0.71x; Beta: 2.6 BEST, Daily Commentary: BEST stock chart rose at level 276 during the end of trading session on 22 November 2017. A bullish harami candlestick pattern is detected signifying buying stimulus. On the upside, the price will eventually ascend to the resistance. Accumulative Buy around level 272 276 area, with target prices at level 288, 302 and 324. Komentar: BEST ditutup menguat di level 276 pada 22 November 2017. Saat ini, terlihat pola bullish harami candlestick pattern yang mengindikasikan adanya potensi stimulus beli. Akumulasi Beli pada area level 272 276, dengan target harga secara bertahap di level 288, 302 dan 324. Support: 256. Resistance: 288, 302 & 324.
PT. Dharma Samudera Fishing Tbk. (DSFI) 117 RoE: 7.04%; PER: 20.32x; PBV: 1.40x; Beta: 1.52 DSFI, Daily Commentary: DSFI stock chart fell at level 117 during the end of trading session on 22 November 2017. A target price at level 124 was reached successfully. The daily trend is accumulating in order to establish long positions. On the upside, the price will eventually ascend to the resistance. Accumulative Buy around level 114-117 area, with target prices at level 125, 134 and 142. Komentar: DSFI ditutup melemah di level 117 pada 22 November 2017. Adapun target harga pada level 124 berhasil tercapai. Tren membentuk fase akumulasi dalam rangka membentuk pola uptrend ke depannya. Akumulasi Beli pada area level 114-117, dengan target harga secara bertahap di level 125, 134 dan 142. Support: 110. Resistance: 125, 134 & 142.
PT. Indofood CBP Sukses Makmur Tbk. (ICBP) 8825 RoE: 19.58%; PER: 25.46x; PBV: 4.97x; Beta: 1.18 ICBP, Daily Commentary: ICBP stock chart fell at level 8825 during the end of trading session on 22 November 2017. A target price at level 8875 was reached successfully. The price is above the middle band of the bollinger and a bullish dragonfly doji candle is detected signifying buying stimulus. On the upside, the price will eventually ascend to the resistance. Accumulative Buy around level 8750 8825 area, with target prices at level 9000 and 9225. Komentar: ICBP ditutup melemah di level 8825 pada 22 November 2017. Adapun target harga pada level 8875 berhasil tercapai. Saat ini, harga bertahan di atas garis tengah dari bollinger dan terlihat pola bullish dragonfly doji candle yang mengindikasikan adanya potensi stimulus beli. Akumulasi Beli pada area level 8750 8825, dengan target harga secara bertahap di level 9000 dan 9225. Support: 8550. Resistance: 9000 & 9225.
PT. Pp Persero Tbk. (PTPP) 2730 RoE: 10.36%; PER: 13.01x; PBV: 1.35x; Beta: 1.6 PTPP, Daily Commentary: PTPP stock chart fell at level 2730 during the end of trading session on 22 November 2017. A target price at level 2810 was reached successfully. The price is above the lower band of the bollinger and a bullish spinning top candle was established signifying buying stimulus. On the upside, the price will eventually ascend to the resistance. Accumulative Buy around level 2690 2730 area, with target prices at level level 2810 and 3110. Komentar: PTPP ditutup melemah di level 2730 pada 22 November 2017. Adapun target harga pada level 2810 berhasil tercapai. Saat ini, harga bertahan di atas garis bawah dari bollinger dan sebelumnya terlihat pola a bullish spinning top candle yang mengindikasikan adanya potensi stimulus beli. Akumulasi Beli pada area level 2690 2730, dengan target harga secara bertahap di level 2810 dan 3110. Support: 2690 & 2510. Resistance: 2810 & 3110.
PT. Sawit Sumbermas Sarana Tbk. (SSMS) 1475 RoE: 24.66%; PER: 14.60x; PBV: 3.61x; Beta: 1.84 SSMS, Daily Commentary: SSMS stock chart rose at level 1475 during the end of trading session on 22 November 2017. A bullish inverted hammer candle was established signifying buying stimulus. On the upside, the price will eventually ascend to the resistance. Accumulative Buy around level 1465 1475 area, with target prices at level 1530, 1630 and 1795. Komentar: SSMS ditutup menguat di level 1475 pada 22 November 2017. Sebelumnya, terlihat pola bullish inverted hammer candle yang mengindikasikan adanya potensi stimulus beli. Akumulasi Beli pada area level 1465 1475, dengan target harga secara bertahap di level 1530, 1630 dan 1795. Support: 1445 & 1365. Resistance: 1530, 1630 & 1795.
STOCK RECOMMENDATION UPDATES Stock Date Buy Area Target Profit Protection Status for Today ADHI 15/11/2017 2170-2200 2280, 2350 and 2470 2120 Hold AGRO 3/11/2017 515-525 540, 615 and 655 Switch to 540 Hold AKRA 21/11/2017 6625-6650 6975, 7575, 7950 and 6375 Hold 8550 ASII 22/11/2017 8075-8125 8425, 8525 and 8650 7800 Hold ASRI 22/11/2017 380-386 396, 408 and 416 Switch to 396 Hold BBCA 14/11/2017 20400-20475 21375 20000 Hold BJBR 16/11/2017 2260-2350 2470, 2570 and 2750 2340 Hold BJTM 17/11/2017 690-700 710, 720 and 755 Switch to 720 Hold BMRI 15/11/2017 6850-6950 7125 and 7425 Switch to 7425 Take Profit at Market Price BMTR 20/11/2017 565-580 600, 620 and 660 550 Hold ELSA 2/11/2017 302 308 318, 342 and 450 Switch to 342 Hold EXCL 22/11/2017 3040-3090 3290 and 3690 2800 Hold GGRM 23/10/2017 62000-62500 65375, 67850 and 69550 Switch to 69550 Take Profit at Market Price GJTL 16/11/2017 660-670 700, 735 and 820 640 Hold INDF 22/11/2017 7575-7675 8050, 8325, 8525, 7400 Hold 8700, 8800 and 9200 JPFA 20/9/2017 1150-1160 1220 and 1470 Switch to 1220 Hold KAEF 22/11/2017 2430-2450 2630, 2770 and 2900 2340 Hold KBLI 6/11/2017 426-432 444 and 484 Switch to 444 Hold KLBF 11/11/2017 1585 1600 1630 and 1730 Switch to 1630 Hold LPPF 31/10/2017 8600-8675 9175, 10000 and 11175 Switch to 11175 Take Profit at Market Price PPRO 21/11/2017 198-202 214, 224, 256 and 192 Hold 266 SRIL 18/9/2017 336-342 368, 418 and 496 Switch to 368 Hold TINS 1/11/2017 810 820 850, 880 and 980 Switch to 880 Hold WIKA 22/11/2017 1940-1970 2030, 2220, 2370 and 1900 Keep Buy on 2520 WTON 14/11/2017 660-675 700, 820, 950 and 8075 Weakness 640 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. RESEARCH TEAM (62-21) 520-6678 ext. 610 / 612 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 may have positions in or may from time to time buy or sell the securities mentioned in this report or other related securities.