Daily Research 08 March 2017

S2 S1 IDX R1 R2
5,347 5,372   5,402.6 5,431 5,458
  • Mixed global markets would not send in any support.
  • The IDX took a weak turn in a limited range yesterday but with the presence of foreign buying interest and a position near support that could dampen the negative
  • Therefore, we predict that the IDX would be in the negative side today.

Sell on strength

S2 S1 Level R1 R2
5,725 6,000 6,175 6,400 6,600

AKRA was in the negative side with a bearish engulfing formation and a high volume suggesting another weak potential.


Trading buy

S2 S1 Level R1 R2
288 300 324 334 346

BEST closed the trading higher with a long white candle followed by a high enough volume signaling a further favorable opportunity.


Buy on weakness

S2 S1 Level R1 R2
2,900 3,010 3,060 3,170 3,300

CPIN still carried on the weak trend but with the presences of several supports that could limit the downside movement.


Sell on strength

S2 S1 Level R1 R2
3,820 3,900 3,950 4,000 4,090

TLKM closed the trading p o s itively near its diagonal resistance with a low volume that could slow down the upside 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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