Daily Research 15 March 2017

S2 S1 IDX R1 R2
5,372 5,409   5,431.5 5,458 5,472
  • Global markets on downside tendencies would send in the negative sentiment.
  • The IDX still carried on the upside turn with resuming foreign buying interest yesterday. But so, the presences of several resistances and recent high would potentially dampen the upside movement.
  • So, we predict that the IDX would be in the downside potential today.

Speculative buy

S2 S1 Level R1 R2
660 690 705 740 770

ANTM ended the trading n e g atively near its diagonal support with a low volume and oversold RSI indicator that could slow down the downswing.


Sell on strength

S2 S1 Level R1 R2
540 570 595 615 645

BJTM moved higher in the last 2 days but with the presence of its horizontal resistance that could trim the upside opportunity.


Sell on strength

S2 S1 Level R1 R2
9,475 10,375 10,800 11,100 11,750

PTBA was in the positive side with a high enough volume but with the presence of its diagonal resistance of a downtrend channel possibly dampening a further upside turn.


Trading buy

S2 S1 Level R1 R2
3,820 3,900 4,050 4,090 4,180

TLKM closed the trading higher with the break above its diagonal resistance with a strong volume suggesting another favorable 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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