Daily Research 17 March 2017

S2 S1 IDX R1 R2
5,372 5,409   5,432.3 5,458 5,472
  • Mixed regional markets would affect the sentiment.
  • The IDX moved quite positively backed by high enough foreign buying actions yesterday. Bu so, an overbought trend, an open gap and a position near its
    previous high would slow down a further upside movement.
  • So, we predict that the IDX would be in the positive side today.

Sell on strength

S2 S1 Level R1 R2
11,750 12,150 12,525 12,600 12,875

BBRI ended the trading pos i ti vely with a high volume. But so, and open upside gap and an overbought RSI indicator would trim the upside opportunity.


Sell on strength

S2 S1 Level R1 R2
8,150 8,500 8,825 8,950 9,250

ICBP closed the session higher with a high enough volume but with a close near its diagonal resistance and also an overbought RSI tendency that could slow down the upswing.


Sell on strength

S2 S1 Level R1 R2
2,510 2,770 2,900 3,000 3,245

MEDC was in the negative side with a shooting star pattern suggesting a further downside movement.


Speculative buy

S2 S1 Level R1 R2
41,100 42,200 43,600 44,475 45,950

UNVR edged higher with a full white candle and a break on horizontal resistance with a strong volume that could lead to 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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