< Kembali

Daily News 25 November 2022

25 November 2022

*MARKET SUMMARY*

KB VALBURY SEKURITAS 
Friday, 25 November 2022


HEADLINE NEWS
•    BBNI - BI-Fast has dominated interbank transfer transaction
•    BBYB - Gozco Capital reduces its stake 
•    ELSA - Allocates IDR500 bn CAPEX
•    KLBF - Targeting 11%-15% sales and profit growth in 2022
•    ADMF - Acquires 10% of series A shares of PT Home Credit Indonesia 
•    SMDR - Subsidiary takes over 20% of Kalbe’s branch
•    BUMI - Enters Morgan Stansley Capital International Index


VIEW MARKET  
Indices across the Europe continued rally on Thursday (24/11) despite Wall Street's close during thanksgiving holiday, as investors cheered the outcome of FOMC minute release, signifying The Fed's move to slow down interest rate hikes "soon". 

Investors expect The Fed to deliver 50bps, or lower than 75bps-hike delivered in four previous meetings. Potential slow down is also supported by higher-than-expected unemployment claims, which saw 240,000 additions, compared to 225,000 estimate. To that end, European market seemed to shrug off PMI release that  indicated that the bloc has entered a recession though that it is slowing slightly. 

Asian stocks are tentatively in mixed with Nikkei down as investors asses BoJ policies after soon-to-be departure of Haruhiko Kuroda. Meanwhile, BoK has delivered 25bps hike. 

We expect that JCI will end higher during this week (25/11), boosted by sentiment from The Fed that prompt higher inflow in domestic market.


Technical View
Support Level       7065/7049/7029
Resistance Level   7101/7121/7136
Major Trend          Up
Minor Trend          Down
Pattern :                 Down to Up (+)

TRADING IDEAS : 
These recommendations based on technical and only intended for one day trading

*BBRI*: Trading Buy
• *Close 4720, TP 4770*
• Entry price at *4690-4720*
• Resistance level at *4770* & support at *4690*
• Beware if the price exceeding *4690*
• Stoploss level at *4610*

*BMRI*: Trading Buy
• *Close 10225, TP 10325*
• Entry price at *10050-10225*
• Resistance level at *10325* & support at *10050*
• Beware if the price exceeding *10050*
• Stoploss level at *9775*

*KLBF* : Trading Buy
• *Close 2070, TP 2120*
• Entry price at *2020-2070*
• Resistance level at *2120* & support at *2020*
• Beware if the price exceeding *2020*
• Stoploss level at *1915*

*UNTR*:  Trading Buy
• *Close 29975, TP 30350*
• Entry price at *29700-29975*
• Resistance level at *30350* & support at *29700*
• Beware if the price exceeding *29700*
• Stoploss level at *29050*

*CTRA*:  Trading Buy
• *Close 1015, TP 1050*
• Entry price at *990-1015*
• Resistance level at *1050* & support at *990*
• Beware if the price exceeding *990*
• Stoploss level at *930*

*PWON*:  Trading Buy
• *Close 470, TP 494*
• Entry price at *464-470*
• Resistance level at *494* & support at *464*
• Beware if the price exceeding *464*
• Stoploss level at *434*

*TP : Target Price



(Disclaimer ON) 




Read the full report…

Trading Ideas..