Daily Research 10 March 2017

S2 S1 IDX R1 R2
5,347 5,372   5,402.3 5,431 5,458
  • Several regional markets on upside tendency would expectedly send in the support.
  • The IDX was relatively up yesterday continuing its sideways trend near its psychological level of 5,400.
  • Therefore, we predict that the IDX would be in the positive side today.

Sell on strength

S2 S1 Level R1 R2
1,965 2,210 2,350 2,440 2,640

HRUM was in the negative side with a bearish engulfing formation indicating another downside potential.


Speculative buy

S2 S1 Level R1 R2
2,500 2,600 2,720 2,800 2,900

PGAS still carried on the weak turn but with a hammer pattern and a position near support that could create a rebound potential.


Buy on weakness

S2 S1 Level R1 R2
1,250 1,300 1,360 1,400 1,450

SMRA took a weak turn after failing to stay near its resistance. A weak potential would remain possible if its support is broken down.


Sell on strength

S2 S1 Level R1 R2
3,700 3,850 3,960 4,200 4,400

TLKM moved positively but w i th a close near its strong resistance and a hammer pattern that could trim the upside 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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