Daily Research 13 March 2017

S2 S1 IDX R1 R2
5,347 5,372   5,390.6 5,431 5,458
  • Mixed global bourses would not send in the support.
  • The IDX took a weak turn with a formation of bearish engulfing last week. But so, still presence of foreign buying interest would possibly limit the downside potential.
  • So, we predict that the IDX would be in the negative side today.

Speculative buy

S2 S1 Level R1 R2
1,200 1,245 1,255 1,295 1,335

CTRA ended the trading down near its horizontal support with a low volume and the RSI indicator near oversold area so that any further downturn maybe in a limited range.


Buy on weakness

S2 S1 Level R1 R2
4,220 4,380 4,440 4,625 4,750

JSMR closed the session n e g atively near its diagonal support with a thin volume suggesting a limited downside potential.


Trading buy

S2 S1 Level R1 R2
1,600 1,650 1,735 1,805 1,900

MNCN took an upside turn with the break over its downtrend channel and a high enough volume indicating a further upside opportunity.


Buy on weakness

S2 S1 Level R1 R2
2,180 2,300 2,390 2,470 2,560

WSKT was still in the negative side but with the presences of several supports in which could dampen the weak trend.

* 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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