Daily Research 21 March 2017

S2 S1 IDX R1 R2
5,500 5,518   5,533.9 5,575 5,600
  • Mixed global markets would affect the trading direction.
  • The IDX took a slight weak turn after unable to keep up the gaining turn yesterday. But so, a still presence of foreign buying interest would dampen the negative potential.
  • So, we predict that the IDX would be in the negative side today.
BMRI

Sell on strength

S2 S1 Level R1 R2
11,400 11,600 11,775 11,900 12,100

BMRI ended the session higher near its diagonal resistance with a low volume and an overbought RSI trend that could slow down a further upside turn.

ERAA

Sell on strength

S2 S1 Level R1 R2
580 615 655 670 705

ERAA was in the positive side supported by a high enough volume but with a close near its horizontal resistance that could limit the upswing.

ITMG

Sell on strength

S2 S1 Level R1 R2
16,800 17,375 18,050 18,500 19,000

ITMG ended the session p o s itively near its horizontal resistance with a thin volume indicating a limited upside potential.

JPFA

Trading buy

S2 S1 Level R1 R2
1,460 1,540 1,600 1,665 1,760

JPFA moved higher with a formation of a bullish engulfing and also a break on the resistance of a downtrend channel that could to another favorable opportunity.

* 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