Daily Research 31 March 2017

S2 S1 IDX R1 R2
5,550 5,575   5,593.0 5,625 5,650
  • Dow Jones closed 0.33% higher backed by banking sector. US GDP growth data revealed 2.1% expansion during 4Q 2016, above 2% growth expected.
  • Date released support crude oil price to trade above US$ 50 / barrel.
  • Regional bourses traded mixed this morning
  • We expect IDX to trade mixed with positive tendency today.
BBCA

Sell on Strength

S2 S1 Level R1 R2
16,200 16,500 16,825 17,000 17,200

BBCA ended the trading positively near its diagonal resistance with a high enough volume and an overbought RSI trend that could limit the upswing.

BBNI

Sell on Strength

S2 S1 Level R1 R2
6,000 6,200 6,375 6,600 6,900

BBNI was in the negative side with a bearish engulfing formation and a high enough volume indicating another weak movement.

PWON

Sell on Strength

S2 S1 Level R1 R2
560 580 595 640 665

PWON closed the session lower with a bearish engulfing formation and a high enough volume suggesting a further downturn.

TINS

Trading Buy

S2 S1 Level R1 R2
875 930 975 1,005 1,075

TINS took an upside tur n with the break on its resistance of an uptrend channel supported by a high enough volume indicating another favorable 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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