Daily Research 22 February 2017

kiwoom-research-rabu

S2 S1 IDX R1 R2
5,300 5,325   5,359.2 5,475 5,409
  • A positive Dow Jones would expectedly provide the support.
  • The IDX took a correction after failing to keep up the gaining turn yesterday. In addition, appearing foreign selling interest would still push for a further downside potential.
  • Therefore, we predict that the IDX would be in the negative side today.
BNGA

Sell on strength

S2 S1 Level R1 R2
925 1,000 1,070 1,115 1,170

BNGA moved in the negative side with a bearish engulfing pattern indicating another downside potential.

ISAT

Sell on strength

S2 S1 Level R1 R2
6,300 6,500 6,800 6,850 7,000

ISAT ended the session higher with a high volume but near its diagonal resistance and near overbought tendency that could slow down another upside turn

PTPP

Buy on weakness

S2 S1 Level R1 R2
3,145 3,350 3,500 3,600 3,730

PTPP still carried on the weak step with a long black candle. A weak potential would remain possible if its support and recent low are broken down.

SMGR

Buy on weakness

S2 S1 Level R1 R2
8,750 9,025 9,150 9,400 9,625

SMGR closed the trading n e g atively near its diagonal support with a thin volume indicating a limited weak 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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