Daily Research 05 April 2017

S2 S1 IDX R1 R2
5,552.7 5,592.5   5,651.8 5,670 5,700
  • Dow Jones closed 0.2% higher at 20,689.2 level, sending some positive sentiments over Asian bourses this morning despite ballistic missile launch from North Korea this morning.
  • IDX booked another record high yesterday backed by a strong net buy position from foreign investors. However it closed at strong diagonal resistance line, may cap its upside potentials.
  • In all we expect IDX to trade positive today.
ADRO

Sell on Strength

S2 S1 Level R1 R2
1,750 1,820 1,930 1,950 2,000

ADRO ended the trading positively above its diagonal resistance with a high enough volume but with a open gap up an overbought RSI trend that could limit the upswing.

AKRA

Trading Buy

S2 S1 Level R1 R2
6,125 6,250 6,475 6,575 6,700

AKRA closed the session higher with a long white candle formation after break above its diagonal support with high volume indicating another upside potential.

CPIN

Trading Buy

S2 S1 Level R1 R2
3,120 3,270 3,350 3,480 3,600

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

KBLI

Buy on Weakness

S2 S1 Level R1 R2
500 550 640 700 750

KBLI moved down again fo l lowed by a long black candle and a high enough volume suggesting a further downturn.

* 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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