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.

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.


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.


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.


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.


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