Daily Research 20 February 2017


S2 S1 IDX R1 R2
5,325 5,350   5,378.0 5,409 5,425
  • Still down regional markets would once again send in the pressure.
  • The IDX was in the negative side followed by increasing foreign selling actions last week in which could push for another downside turn to test its next support.
  • Therefore, we predict that the IDX would be in the downside tendency today.

Speculative buy

S2 S1 Level R1 R2
14,500 14,900 15,225 15,950 16,300

AALI ended the trading weaker near its diagonal support with a low volume and RSI near the oversold area that could slow down the downside turn.


Sell on strength

S2 S1 Level R1 R2
1,745 1,850 1,920 1,960 2,065

JPFA was in the positive side with a bullish engulfing formation but with a close near its previous high in which could dampen a further up movement.


Speculative buy

S2 S1 Level R1 R2
2,630 2,730 2,760 2,850 2,940

PGAS closed the trading n e g atively near its diagonal support with a thin volume so that any further downturn maybe in a limited range.


Buy on weakness

S2 S1 Level R1 R2
3,450 3,550 3,610 3,710 3,850

PTPP had moved down during 5 days in a row but with the presences of several supports in which expectedly could limit the weak turn.

* 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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