Daily Research 04 January 2017


S2 S1 IDX R1 R2
5,225 5,250   5,275.9 5,296 5,329
  • A positive Dow Jones and mixed regional markets would affect the trading direction.
  • The IDX was still in the negative side yesterday but with a doji pattern and a low volume that could possibly limit the downside potential.
  • So, we predict that the IDX would be in the negative side today.

Sell on strength

S2 S1 Level R1 R2
750 775 810 850 890

ACES ended the trading down with a high enough volume after unable to break its diagonal resistance indicating a further downside movement.


Buy on weakness

S2 S1 Level R1 R2
1,200 1,260 1,300 1,375 1,440

CTRA closed the trading n e g atively near its diagonal support with a low volume indicating a limited downside movement.


Trading buy

S2 S1 Level R1 R2
2,580 2,690 2,820 2,925 3,020

PGAS moved in the positive side followed by a bullish engulfing pattern indicating another favorable opportunity.


Buy on weakness

S2 S1 Level R1 R2
3,350 3,540 3,690 3,850 3,990

PTPP still carried on the weak step but with the presences of several supports that could expectedly limit the downswing.

* 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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