Daily Research 30 March 2017

S2 S1 IDX R1 R2
5,550 5,575   5,592.5 5,625 5,650
  • Mixed global markets would not send in any support.
  • The IDX ended the trading higher near the psychological level of 5,600 yesterday. But so, profit taking risks would dampen the upside potential.
  • Therefore, we predict that the IDX would resume the upside movement today
INDF

Speculative buy

S2 S1 Level R1 R2
7,700 7,875 8,000 8,200 8,450

INDF closed the session lower with a high enough volume but with a close near its short term diagonal support that could limit the downturn.

PGAS

Sell on strength

S2 S1 Level R1 R2
2,230 2,410 2,540 2,600 2,760

PGAS moved higher with a full white candle pattern but with the presences of several resistances that could slow the upswing.

PTBA

Speculative buy

S2 S1 Level R1 R2
10,975 11,800 12,250 12,775 13,600

PTBA moved up with a broken horizontal resistance also supported by a high volume indicating another upside potential.

SSIA

Sell on strength

S2 S1 Level R1 R2
560 585 670 685 710

SSIA ended the trading pos i ti vely with a high enough volume but with a close near its diagonal resistance and an overbought RSI trend that could limit the upswing.

* 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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