Daily Research 24 March 2017

S2 S1 IDX R1 R2
5,518 5,543   5,563.7 5,600 5,625
  • Most of the global markets in the positive side would expectedly send in the support.
  • The IDX edged higher to another new high yesterday. Nonetheless, an overbought trend would potentially create profit taking risks.
  • Therefore, we predict that the IDX would be in the positive side today.
EXCL

Trading buy

S2 S1 Level R1 R2
3,070 3,200 3,280 3,450 3,640

EXCL moved up with the break over its previous high that could lead to a further upside movement.

INDF

Speculative buy

S2 S1 Level R1 R2
7,725 7,950 8,075 8,300 8,600

INDF was in the negative side but with a low volume and a position near its horizontal support suggesting a limited downside potential.

SMGR

Speculative buy

S2 S1 Level R1 R2
8,600 8,975 9,075 9,400 9,625

SMGR was closed weaker near its short term diagonal support in a low volume that could slow down the downswing.

UNVR

Speculative buy

S2 S1 Level R1 R2
41,250 42,000 42,500 43,025 43,600

UNVR ended the session ne g a tively near its short term diagonal support with a thin volume so that any further downturn maybe in a limited range.

* 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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