Daily Research 30 January 2017

kiwoom-research-kamis6

S2 S1 IDX R1 R2
5,271 5,293   5,312.8 5,325 5,350
  • Several regional markets on downside trend would send in the negative sentiment.
  • The IDX was down in a thin range in the middle of presence of foreign buying interest last week. A position still above the psychological level of 5,300 would expectedly dampen the negative potential.
  • Therefore, we predict that the IDX would be in the negative side today.
ELSA

Buy on weakness

S2 S1 Level R1 R2
398 424 442 462 492

ELSA still carried on the weak turn with a low volume and the presences of several supports that could slow down the downturn.

INCO

Sell on strength

S2 S1 Level R1 R2
2,000 2,210 2,340 2,850 2,940

INCO moved in the negative side with a formation of a bearish harami pattern indicating a further downside potential.

PGAS

Sell on strength

S2 S1 Level R1 R2
2,590 2,690 2,800 2,850 2,940

PGAS ended the trading p o s itively near its diagonal resistance with a thin volume that could slow down another upside turn.

SMGR

Sell on strength

S2 S1 Level R1 R2
8,750 9,050 9,225 9,450 9,700

SMGR ended the session in the positive side with only a low volume indicating a limited upside movement.

* 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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