Daily Research 31 Mei 2018

S2 S1 IDX R1 R2
5,854.6 5,946.5 6,011.0 6,138.1 6,240.6
  • Dow Jones gained 1.3% managed to close at 24,668 backed by increase in Boeing, Chevron, and Home Depot shares.
  • Regional market traded positive this morning following strong lead from European and US markets with AORD gained 0.6%, Kospi up by 0.5%, and Nikkei225 up by 0.4%.
  • IDX on a profit taking session with its candlestick formed inverted hammer and bearish harami pattern which indicates another correction today.
  • Although supported by strong regional market, however we expect IDX to trade mixed today ahead of long weekend holiday.
BBRI

Sell On Strength

S2 S1 Level R1 R2
2,940 3,070 3,140 3,350 3,450

BBRI ended the trading negatively with higher volume after failed to break above horizontal resistance indicating a further downturn.

HRUM

Trading Buy

S2 S1 Level R1 R2
2,800 2,800 3,220 3,350 3,490

HRUM closed the session higher with long white candle pattern after break above resistance line with higher volume indicating another upside potential.

KAEF

Trading Buy

S2 S1 Level R1 R
1,870 2,000 2,530 2,570 2,740

KAEF closed the session higher with long white candle pattern after break above horizontal resistance with higher volume indicating another upside potential.

PTBA

Hold

S2 S1 Level R1 R2
3,430 3,580 3,780 3,950 4,050

PTBA has a chance to continue rally after ended trading with high volume. The rally will valid if PTBA could break above diagonal resistance.

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