Technical Research Friday, 24 th April 2020 JAKARTA COMPOSITE INDEX (JCI): 4593.55 (+0.57%) Value: RG 3.7 T (NG 1.3T); Foreign Net Sell 243.597 B Minimum Daily Range (est): 4443.63 – 4747.88 Commentary: JCI chart rose 0.57% at level 4593.55 during the end of trading session on 23 April 2020. Based on 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. In addition, an upward bar is detected signifying the bulls are in control. On the upside, JCI shall retrace back to the nearest resistance. Komentar: IHSG berhasil ditutup menguat 0.57% di level 4593.55 pada 23 April 2020. Berdasarkan rasio fibonacci, 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, MACD masih dalam status 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 penguatan lanjutan pada pergerakan IHSG sehingga berpeluang menuju ke level 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.
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Technical Research · 2020. 4. 23. · PT. United Tractors Tbk. (UNTR) 16200 Recommendation: BUY UNTR, Daily Commentary: UNTR stock chart fell at level 16200 during the end of trading
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Technical ResearchFriday, 24th April 2020
JAKARTA COMPOSITE INDEX (JCI): 4593.55 (+0.57%)
Value: RG 3.7 T (NG 1.3T); Foreign Net Sell 243.597 B
Minimum Daily Range (est): 4443.63 – 4747.88
Commentary: JCI chart rose 0.57% at level 4593.55 during the end of trading session on 23 April 2020. Based onthe 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 hadestablished a golden cross formation 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 retrace back to the nearestresistance.
Komentar: IHSG berhasil ditutup menguat 0.57% di level 4593.55 pada 23 April 2020. Berdasarkan rasio fibonacci,support pertama maupun kedua memiliki range pada level 4443.63 hingga 4318.10. Sementara itu, resistancepertama maupun kedua memiliki range pada 4747.88 hingga 4975.54. Berdasarkan indikator, MACD masih dalamstatus pola golden cross di area negatif. Sementara itu, Stochastic dan RSI berada di area netral. Di sisi lain, terlihatpola upward bar yang mengindikasikan adanya penguatan lanjutan pada pergerakan IHSG sehingga berpeluangmenuju ke level resistance terdekat.
*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. Adaro Energy Tbk. (ADRO) 905
Recommendation: BUY
ADRO, Daily
Commentary: ADRO stock chart rose at level 905 during the end of trading session on 23 April 2020. The target pricesat level 815, 900 and 960 were reached successfully. The price is above the lower band of the bollinger and a bullish harami candlestick pattern is detected signifying buying stimulus. “Accumulative Buy” around level 900 – 910 area,with target prices at level 960 and 1210.
Komentar: ADRO ditutup menguat di level 905 pada 23 April 2020. Adapun target harga pada level 815, 900 dan 960berhasil tercapai dengan baik. Pergerakan harga saham berada di atas garis bawah dari bollinger dan terlihat polabullish harami candlestick pattern yang mengindikasikan adanya potensi stimulus beli pada pergerakan harga saham.“Akumulasi Beli” pada level 900 – 910, dengan target harga secara bertahap di level 960 dan 1210.
*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: 900 & 815.
Short term target price(s) (1 day - 3 weeks): 960.
Mid term target price(s) (3 weeks - 3 months): 1210.
Long term target price(s) (3 months - 1 year): -
PT. Astra International Tbk. (ASII) 3760
Recommendation: BUY
ASII, Daily
Commentary: ASII stock chart rose at level 3760 during the end of trading session on 23 April 2020. The price is above the lower band of the bollinger and a morning star candlestick pattern is detected signifying buying stimulus.“Accumulative Buy” around level 3650 – 3760 area, with target prices at level 4000, 4450, 4760 and 6100.
Komentar: ASII ditutup menguat di level 3760 pada 23 April 2020. Pergerakan harga saham berada di atas garis bawah dari bollinger dan terlihat pola morning star candlestick pattern yang mengindikasikan adanya potensi stimulus beli pada pergerakan harga saham. “Akumulasi Beli” pada area level 3650 – 3760, dengan target harga secara bertahap di level 4000, 4450, 4760 dan 6100.
Long term target price(s) (3 months - 1 year): 6100.
*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. Bank Negara Indonesia Tbk. (BBNI) 4020
Recommendation: BUY
BBNI, Daily
Commentary: BBNI stock chart remained stagnant at level 4020 during the end of trading session on 23 April 2020. A target price at level 4240 was 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 3900 – 4020 area, with target prices at level 4240, 4620 and 5000.
Komentar: BBNI ditutup stagnan di level 4020 pada 23 April 2020. Adapun target harga pada level 4240 telah berhasiltercapai 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 3900 – 4020, dengan target harga di level 4240, 4620 dan 5000.
Short term target price(s) (1 day - 3 weeks): 4240, 4620 & 5000.
Mid term target price(s) (3 weeks - 3 months): -
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.
PT. H.M. Sampoerna Tbk. (HMSP) 1560
Recommendation: BUY
HMSP, Daily
Commentary: HMSP stock chart fell at level 1560 during the end of trading session on 23 April 2020. A target price at level 1620 was reached successfully. Since the price has retested the MA 20, it will eventually ascend to the nearestresistance at first, on the upside. “Accumulative Buy” around level 1530 – 1560 area, with target prices at level 1660, 1820, 2190 and 2550.
Komentar: HMSP ditutup melemah di level 1560 pada 23 April 2020. Adapun target harga pada level 1620 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 1530 – 1560, dengan target harga di level level 1660, 1820, 2190 dan 2550.
Long term target price(s) (3 months - 1 year): 2550.
*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. PP London Sumatra Indonesia Tbk. (LSIP) 635
Recommendation: BUY
LSIP, Daily
Commentary: LSIP stock chart fell at level 635 during the end of trading session on 23 April 2020. A bullish doji star candle is detected signifying buying stimulus. “Accumulative Buy” around level 615 – 645 area, with target prices at level 695, 755 and 1000.
Komentar: LSIP ditutup melemah di level 635 pada 23 April 2020. Terlihat pola bullish doji star candle yang mengindikasikan adanya potensi stimulus beli pada pergerakan harga saham. “Akumulasi Beli” pada area 615 – 645, dengan target harga secara bertahap di 695, 755 dan 1000.
*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: 615 & 510.
Short term target price(s) (1 day - 3 weeks): 695.
Mid term target price(s) (3 weeks - 3 months): 755.
Long term target price(s) (3 months - 1 year): 1000.
PT. United Tractors Tbk. (UNTR) 16200
Recommendation: BUY
UNTR, Daily
Commentary: UNTR stock chart fell at level 16200 during the end of trading session on 23 April 2020. The target pricesat level 16300, 17025 and 17525 were reached successfully. The price is above the lower band of the bollinger and atweezer bottom candlestick pattern is detected signifying buying stimulus. “Accumulative Buy” around level 16000 –16200 area, with target prices at level 17375, 18850, 22275 and 25700.
Komentar: UNTR ditutup melemah di level 16200 pada 23 April 2020. Adapun target harga pada level 16300, 17025 dan 17525 berhasil tercapai dengan baik. Pergerakan harga saham berada di atas garis bawah dari bollinger dan terlihat pola tweezer bottom candlestick pattern yang mengindikasikan adanya potensi stimulus beli pada pergerakan harga saham. “Akumulasi Beli” pada area 16000 – 16200, dengan target harga secara bertahap di 17375, 18850, 22275 dan 25700.
•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.
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