Daily Research 16 February 2017


S2 S1 IDX R1 R2
5,325 5,350   5,380.6 5,409 5,425
  • A positive Dow Jones in the middle of mixed regional markets would affect the sentiment.
  • The IDX took a correction followed by appearing foreign selling interest and a break on support on Tuesday that could push for another downside tendency.
  • So, we predict that the IDX would be in the negative side today.

Buy on weakness

S2 S1 Level R1 R2
1,465 1,570 1,645 1,695 1,770

ADRO still carried o the weak turn with an increasing volume indicating another downside movement.


Sell on strength

S2 S1 Level R1 R2
1,890 1,960 2,030 2,050 2,120

BBTN was in the positive side but failed to break its recent high with an open gap potentially creating a correction potential.


Sell on strength

S2 S1 Level R1 R2
4,560 4,700 4,780 4,860 5,000

JSMR closed the trading weaker after failing to break its diagonal resistance and the RSI indicator remaining in the overbought trend suggesting another negative potential.


Sell on strength

S2 S1 Level R1 R2
1,800 1,900 2,210 2,400 2,500

MEDC ended the trading po s it ively with a high enough volume but with a position near its diagonal resistance as well as near overbought RSI indicator that could dampen the upswing.

* 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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