Daily Analysis 20240725

July 25th, 2024

Good morning,

Stocks smoked, Nasdaq falls over 3.5% in worst day since 2022 after Tesla, Alphabet trigger Big Tech sell-off

Tesla shares close down 12% after earnings miss for biggest slump since 2020

Tesla
shares plummeted the most since 2020 after the electric vehicle maker reported weaker-than-expected quarterly earnings and another drop in automotive revenue.

The stock closed down 12% on Wednesday at $215.99. It’s now down 13% for the year, while the Nasdaq is up 16% over that stretch.

Dow……39854 -504.2 -1.25%
Nasdaq17342 -654.9 -3.64%‼️
S&P 500.5527 -128.6 -2.31%

FTSE…..8153 -13.7 -0.17%
Dax……18387 -170.2 -0.92%
CAC……7514 -84.9 -1.12%

Nikkei..39155 -439.5 -1.26%
HSI……17311 -158.3 -0.91%
Shanghai.2902 -13.4 -0.46%

IDX….7262.76 -51.10 -0.70%
LQ45..917.17 -6.09 -0.66%
IDX30.460.95 -1.29 -0.28%

IDXEnergy..2452.53 -15.42 -0.62%
IDX BscMat1359.81 -5.40 -0.40%
IDX Indstrl.1029.33 +5.69 +0.56%
IDXNONCYC.707.89 -5.09 -0.71%
IDX Hlthcare1429.22 -5.38 -0.38%
IDXCYCLIC…745.41 +0.24 +0.03%
IDXTechno.3381.22 -57.51 -1.67%
IDX Transp 1387.38 +10.59 +0.77%
IDX Infrast 1607.34 +5.47 +0.34%
IDX Finance1583.38 -23.96 -1.49%
IDX Banking1242.87 -9.55 -0.76%
IDX Property…..644 – -%

Indo10Yr.7.0256 -0.0047 -0.07%
ICBI…382.7787 +0.3092 +0.08%
US2Yr.4.433 -0.063 -1.40%
US5Yr 4.175 +0.009 +0.22%
US10Yr4.282 +0.019 +0.45%
US30Yr.4.542 +0.055 +1.23%
VIX..18.04 +3.32 +22.55%‼️

USDIndx 104.3910 -0.056 -0.05%
Como Indx….279.75 -0.69 -0.25%
BCOMIN…..138.78 -0.89 -0.64%

IndoCDS..73.23 -2.96 -3.88%❗️
(5-yr INOCD5) (23/07)

IDR…..16215.00❗️ +1.50 +0%
Jisdor.16224.00❗️ +20.00 +0%

Euro…1.0838 -0.0012 -0.11%

TLKM…18.98 -0.38 -1.94%
( 3080)
EIDO…..20.02 -0.23 -1.11%
EEM…..42.10 -0.63 -1.46%

Oil………..77.48 +0.06 +0.08%
(WTI,Nymex)
Oil……….81.71 +0.70 +0.86%
(Brent)
Gold…..2443.90 -13.60 -0.55%
(Comex)
Gold……2394.89 -13.70 -0.57%
(Spot/XAUUSD)
Timah..29790.00 +372.00 +1.26%
(Closed 24/07)
Nickel..16213.00 -61.00 -0.37%
(Closed 24/07)
Silver……29.03 -0.33 -1.12%
Copper.408.75 -6.70 -1.61%

Iron Ore 62% 108.16 -0.29 -0.27%
(22/07)
Nturl Gas. 2.165 -0.040 -1.81%
Ammonia China 2843.33 +10.00 +0.35%
(Domestic Price)(24/07)

Coal price.134.75 +0.05 +0.04%
(Jul/Newcastle)
Coal price.138.55 +0.35 +0.25%
(Agt/Newcastle)
Coal price.138.95 +0.55 +0.40%
(Sept/Newcastle)
Coal price 139.45 +1.05 +0.76%
(Oct/Newcastle)

Coal price.106.40 +1.15 +1.09%
(Jul/Rotterdam)
Coal price.112.45 +2.85 +2.60%
(Agt/Rotterdam)
Coal price.112.65 +2.70 +2.46%
(Sept/Rotterdam)
Coal price 112.90 +2.55 +2.31%
(Oct/Rotterdam)

CPO(Oct)..3926 -27 -0.68%
(Source: bursamalaysia.com)

Corn……..417.25 +2.25. +0.54%
SoybeanOil 44.10 -1.03 -2.28%
Wheat…..547.00 +4.25 +0.78%

Wood pulp..5160 -10 -0.19%
(Closed 24/07)

©️Phintraco Sekuritas
Broker Code: AT
Desy Erawati/ DE
Source: Bloomberg, Investing, IBPA, CNBC, Bursa Malaysia
Copyright: Phintraco Sekuritas

Nah, US merah dalem, Tesla sama Google drop, Nasdaq drop, DJI keseret juga. Europe merah, asia merah, lanjut merah dalem sepertinya hari ini. Brace yourselves guys

US bond yield kebanyakan naik, USD index turun, metal metal juga turun kecuali timah, ANTM masih kebawah dulu belum bisa re-buy, oil up gas down, coal up, tapi apa kuat ijo saham saham coal ADRO ITMG PTBA INDY kalo index merah dalem? CPO merah lagi, masih belum jalan lagi AALI LSIP

IHSG – sebelum nasdaq kebakaran juga indicator udah bilang mau turun sih, Foreign Net Sell tambah gede, 833 sell, MACD hampir sell, ada gap unclosed, ya kita tunggu beres wave 2 baru belanja lagi

Sekilas Energy sama Healthcare mau jalan

Stochastic Buy Signal: GTRA JSMR PTRO SSIA KBLM MICE, JSMR big accum

MACD Buy Signal: AKRA MIKA BRAM MICE

JSMR – dari minor retracement pattern udah done, tapi kalo dari elliot wave gedenya harusnya belum cukup dalem koreksinya sebelum wave yang major. Dengan US nyungsep dan index juga jadwal koreksi, kayanya bukan akan langsung langsung lanjut JSMR, tapi beresin ABC correction gede nya dulu ke fibo 50 or 61, Forein juga distribusi…

Spike belum done tapi dikit lagi… kalo ada peristiwa gede gini bisa jadi ga sampe

Average udah diatas bandar, bandarnya juga udah berhenti akum, terakhir okya pas bikin higherlow sambil nyender di average nya, skip dulu

PTRO – setelah digoreng jadi 2 kali lipat, udah overvalued, udah ga masuk itungan lagi. Dan technical juga kebanyakan bilang mau turun dulu

AKRA – ini technically menarik banget, stoch up macd buy, MFI w% up slowly, BD FF masih akum tipis tipis, eg bull div abis beres ABC correction, sampe sekarang candle nya belum ketembus, belum cancelled, malah confirmed sama MACD buy signal. Check oil price kalo bagus udah ga harus mikir panjang lagi

Sayangnya oil price nya indikasinya mau turun, sabar dulu, just to be safe

Waks, spike terus drop, tunggu spike baru dulu

Average aman, tapi biggest holders lagi jualan, sabar dulu, begitu ngebalik bisa masuk. Kalo mau bottom fishing sebenernya boleh sih, tapi perpaduan oil price kebawah dan index juga kebawah ga bagus sih

MIKA – sebetulnya kalo dipotong technical pake indicator doang, jadi menarik, tapi liat bandarnya mulai balik dist tipis, belum beres ABC correction, dan yang paling parah PBV nya udah di 7, saya jadi skip