Daily Research 12 January 2017


S2 S1 IDX R1 R2
5,250 5,275   5,301.2 5,325 5,347
  • Dow Jones closed higher after the market heard news conference from President-elect Donald Trump.
  • Regional bourses traded mixed this morning, shadowed by 1% loss on Nikkei due to Yen’s appreciation versus the US Dollar.
  • IDX may get a technical correction after having a rebound at the end of last year.
  • We expect IDX to trade in negative territory today as foreign investors likely to continue book net sell today.

Sell on strength

S2 S1 Level R1 R2
835 880 910 920 965

BNGA moved positively yesterday but with a close near its diagonal resistance with a low volume suggesting a limited downside potential.


Sell on strength

S2 S1 Level R1 R2
2,350 2,560 2,690 2,850 3,030

EXCL ended the trading p o s itively near its diagonal resistance and an overbought RSI indicator that could slow down the upswing.


Speculative buy

S2 S1 Level R1 R2
10,750 11,450 12,100 12,500 13,000

PTBA ended the session down but already near its diagonal support and a thin volume indicating a limited downside potential.


Trading buy

S2 S1 Level R1 R2
1,040 1,095 1,165 1,210 1,300

TINS moved higher supported by a high volume in which could lead to another upside 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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