Daily Research 07 February 2017

kiwoom-research-selasa

S2 S1 IDX R1 R2
5,350 5,375   5,395.9 5,425 5,450
  • Global markets on downside trend would send in the negative sentiment.
  • The IDX continued the upside turn with a long white candle pattern yesterday. A break on the psychological level of 5,400 would once again create a positive potential or vice versa.
  • Therefore, we predict that the IDX would be in the negative side today
BKSL

Sell on strength

S2 S1 Level R1 R2
89 97 103 106 115

BKSL moved higher supported by a high volume but with a close near its horizontal resistance that could limit this upswing.

LPKR

Trading buy

S2 S1 Level R1 R2
700 735 755 770 810

LPKR closed the session up with a long white candle followed by a high enough volume suggesting another upside opportunity.

PGAS

Trading buy

S2 S1 Level R1 R2
2,750 2,850 3,010 3,100 3,180

PGAS ended the trading po s it ively with a break above its diagonal resistance with a strong volume indicating a still favorable indication.

PTBA

Sell on strength

S2 S1 Level R1 R2
9,850 10,800 11,200 11,750 12,775

PTBA was in the negative side with a formation of a bearish engulfing signaling a further downside potential.

* 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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