Daily Research 06 January 2017

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S2 S1 IDX R1 R2
5,250 5,275   5,301.1 5,334 5,380
  • Regional bourses traded positive this morning even though Dow closed slightly lower.
  • IDX managed to trade positive yesterday above its recent high. Its price pattern seemed to make Flag pattern.
  • We expect IDX to trade positive today.
BJTM

Sell on strength

S2 S1 Level R1 R2
550 580 605 645 675

BJTM moved in the negative side after failing to break its previous high so that could lead to a further down.

CPIN

Sell on strength

S2 S1 Level R1 R2
3,030 3,120 3,260 3,320 3,410

CPIN ended the trading p o s itively near its diagonal resistance with a low volume that could dampen the upswing.

EXCL

Sell on strength

S2 S1 Level R1 R2
2,150 2,300 2,560 2,650 2,840

EXCL closed the session up but with a position near its diagonal resistance, a low volume and near overbought RSI indicator in which could trim this current upside turn.

INDF

Sell on strength

S2 S1 Level R1 R2
7,375 7,700 8,000 8,125 8,425

INDF was in the positive side but with a close near its diagonal resistance and a thin volume suggesting a limited positive opportunity.

* 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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