Daily Research 21 February 2017


S2 S1 IDX R1 R2
5,300 5,325   5,359.2 5,475 5,409
  • Mixed global bourses would affect the trading direction.
  • The IDX moved relatively higher but in the middle of low foreign buying interest yesterday that could dampen the positive potential.
  • So, we predict that the IDX would be in the positive side today.

Sell on strength

S2 S1 Level R1 R2
945 985 1,065 1,110 1,165

AGII ended the session higher with a high enough volume but an overbought RSI trend that could slow down the upside turn.


Buy on weakness

S2 S1 Level R1 R2
5,500 5,850 6,125 6,400 6,750

AKRA moved down with a long black candle formation and a high volume indicating another downside potential.


Sell on strength

S2 S1 Level R1 R2
6,025 6,175 6,275 6,350 6,500

BBNI closed the session p o s itively near its diagonal resistance with a thin volume and the RSI indicator still in the overbought area that could slow down a further upside movement.


Speculative buy

S2 S1 Level R1 R2
505 535 555 575 605

BJTM still carried on the weak turn with a long black candle but was closed at its strong diagonal support creating a technical rebound opportunity.

* 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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