Daily Research 04 April 2017

S2 S1 IDX R1 R2
5,534 5,563.7   5,606.8 5,620 5,650
  • Dow Jones closed 13 points lower at 20,650.2 levels as investors tend to wait and see forther economic data to be released later this week.
  • Asian bourses traded slightly lower this morning, however IDX may get positive sentiment as EIDO closed 1.4% higher to 26.14 on the US market sessions.
  • IDX made fresh all-time high yesterday as foreign investors book net buy positions.
  • We expect IDX to trade on positive territory today.
BJTM

Sell on Strength

S2 S1 Level R1 R2
645 695 750 800 850

BJTM was in the positive side with a high volume but with a shooting star formation potentially creating correction potential.

DOID

Sell on Strength

S2 S1 Level R1 R2
805 895 1,000 1,050 1,100

DOID ended the session positively in diagonal resiscance area uptrend channel in a low volume and RSI in overbought area that could slow down the upswing.

ICBP

Sell on Strength

S2 S1 Level R1 R2
7,950 8,150 8,425 8,575 8,800

ICBP closed the session higher with a long white candle formation after closing negative in previous five days indicating a momentum rebound.

TLKM

Speculative Buy

S2 S1 Level R1 R2
3,960 4,050 4,170 4,280 4,400

TLKM ended the trading positively with a bullish harami formation indicating another upside 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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