Daily Research 03 January 2017

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S2 S1 IDX R1 R2
5,225 5,250   5,296.7 5,329 5,350
  • Mixed global markets would not send in any support before the release of inflation data.
  • The IDX was down in a thin range after failing to keep up the gaining turn at the end of 2016 trading year. In addition, a formation of an inverted hammer during an upside turn would create a reversal potential.
  • Therefore, we predict that the IDX would be in the negative side today.
ADHI

Sell on strength

S2 S1 Level R1 R2
1,830 1,980 2,080 2,190 2,275

ADHI was in the negative side after unable to break its recent high with a formation of a bearish engulfing suggesting another downside movement.

BSDE

Sell on strength

S2 S1 Level R1 R2
1,600 1,690 1,755 1,815 1,900

BSDE ended the trading higher near its diagonal resistance with a low volume that could slow down the upside opportunity.

PWON

Buy on weakness

S2 S1 Level R1 R2
500 540 565 600 640

PWON closed the trading n e g atively near its diagonal support with a thin volume so that any further downturn maybe in a limited range.

UNVR

Sell on strength

S2 S1 Level R1 R2
36,650 37,875 38,800 40,200 41,450

UNVR took a weak turn followed by a bearish engulfing pattern indicating a further negative potential.

* This report is for informational purposes only. This report is exclusively published for the use of Kiwoom Securities clients, and may not be reproduced or distributed. While the information was collected from secure sources, Kiwoom Security does not guarantee the accuracy or reliability of the information. Kiwoom Securities bears no liability for any losses that may occur from investments based on the information provided in this report.

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