Daily Research 20 March 2017

S2 S1 IDX R1 R2
5,372 5,409   5,432.3 5,458 5,472
  • Weak regional bourses would send in the negative sentiment.
  • The IDX still carried the upside movement followed by resuming foreign buying interest last week. But so, a formation of an evening doji star in an overbought area would potentially dampen the favorable opportunity.
  • Therefore, we predict that the IDX would be in the negative side today.
ACES

Sell on strength

S2 S1 Level R1 R2
750 775 860 870 905

ACES ended the trading po s it ively with a high volume but with an RSI indicator already in the overbought area that could trim a further upside turn.

BBNI

Sell on strength

S2 S1 Level R1 R2
6,350 6,525 6,700 6,775 6,925

BBNI closed the session higher supported by a high enough volume but with a position near its diagonal resistance and an overbought tendency that could slow down the upswing.

BBRI

Sell on strength

S2 S1 Level R1 R2
12,050 12,525 13,000 13,275 13,750

BBRI moved up significantly with a high volume but with a presence of a long term horizontal resistance and an overbought RSI trend suggesting a correction potential.

CPIN

Speculative buy

S2 S1 Level R1 R2
3,030 3,210 3,340 3,530 3,710

CPIN moved up with a high enough volume indicating another positive 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.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s