Daily Research 16 March 2017

S2 S1 IDX R1 R2
5,372 5,409   5,432.3 5,458 5,472
  • Positive Dow Jones and most of the global markets after the Fed raised interest rate would send in the favorable sentiment.
  • The IDX was only up in a thin range with a doji formation yesterday signaling a slower upside trend.
  • Therefore, we predict that the IDX would be in the positive side today.
AISA

Sell on strength

S2 S1 Level R1 R2
2,060 2,130 2,270 2,350 2,400

AISA ended the trading higher near its diagonal resistance with a low volume that could slow down the upswing.

SMGR

Speculative buy

S2 S1 Level R1 R2
8,600 8,925 9,050 9,400 9,625

SMGR closed the session n e g atively near its diagonal support with a low volume which could limit the downside potential.

SRIL

Buy on weakness

S2 S1 Level R1 R2
272    370 302 318 340 370

SRIL still carried on the weak turn with the presences of several supports that could dampen the downturn.

UNTR

Sell on strength

S2 S1 Level R1 R2
23,250 24,425 25,350 26,200 27,375

UNTR was in the negative area followed by a bearish engulfing pattern suggesting another 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.

Leave a comment