Daily Research 29 March 2017

S2 S1 IDX R1 R2
5,500 5,518   5,541.2 5,567 5,600
  • A positive Dow Jones would provide support.
  • The IDX took a correction but in the middle of foreign buying interest yesterday that could have the chance to limit the downturn.
  • So, we predict that the IDX would be in the positive side today.
ADHI

Buy on weakness

S2 S1 Level R1 R2
2,100 2,200 2,330 2,460 2,600

ADHI moved lower with a break on its short term diagonal support providing a further negative sign.

AKRA

Buy on weakness

S2 S1 Level R1 R2
5,975 6,125 6,350 6,650 6,925

AKRA was in the negative side with a long black candle formation but with the presences of several horizontal supports in which could limit the downswing.

BBNI

Buy on weakness

S2 S1 Level R1 R2
6,200 6,400 6,525 6,900 7,200

BBNI moved down again followed by a long black candle and a high enough volume suggesting a further downturn especially if its support is broken down.

BJTM

Sell on strength

S2 S1 Level R1 R2
585 615 630 645 675

BJTM moved negatively with a bearish engulfing pattern indicating another weak movement.

* 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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