Daily Research 27 March 2017

S2 S1 IDX R1 R2
5,518 5,543   5,567.1 5,600 5,625
  • Weak regional markets would send in the negative sentiment.
  • The IDX was up in a thin range again setting a new record high last week. But so, a still overbought trend and a doji pattern would create correction potential.
  • Therefore, we predict that the IDX would be in the negative side today.

Buy on weakness

S2 S1 Level R1 R2
645 680 690 710 755

BNLI moved lower during the last several days but with the presence of its horizontal support that could limit the weak turn.


Buy on weakness

S2 S1 Level R1 R2
2,900 3,060 3,200 3,340 3,500

CPIN took a weak turn with a long black candle formation but with a thin volume and the presences of several supports that could expectedly slow down the downswing.


Sell on strength

S2 S1 Level R1 R2
8,150 8,500 8,600 8,950 9,250

ICBP ended the trading n e gatively with a bearish engulfing formation with a high enough volume suggesting a further downturn.


Buy on weakness

S2 S1 Level R1 R2
4,300 4,440 4,550 4,720 4,860

JSMR closed the session lower near its short term diagonal support and a low volume indicating a limited downside 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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