Daily Research 02 February 2017


S2 S1 IDX R1 R2
5,272 5,294   5,327.1 5,350 5,375
  • Dow Jones closed higher after the Fed leaves rate unchanged. UK Parliament approved the Government to begin Brexit process.
  • The IDX edged higher with the break on its diagonal resistance yesterday. But so, hammer formation and a next resistance would potentially limit the upside turn.
  • We expect IDX tot trade lower today due to technical correction.

Sell on strength

S2 S1 Level R1 R2
5,475 5,625 5,950 6,025 6,225

BBNI ended the trading po s iti vely with a high volume but with a close near its diagonal resistance and an overbought RSI trend that could dampen the upswing.


Trading buy

S2 S1 Level R1 R2
2,180 2,320 2,560 2,640 2,770

INCO closed the session in the positive side with a long white candle and a strong volume indicating another upside opportunity.


Trading buy

S2 S1 Level R1 R2
14,500 15,000 15,300 16,000 16,800

INTP was in the positive territory with a bullish harami pattern suggesting another favorable potential.


Sell on strength

S2 S1 Level R1 R2
1,280 1,415 1,525 1,555 1,660

MEDC moved up rather considerably supported by a high volume but with a close near several resistances in which could limit this upturn.

* 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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