Daily Research 06 April 2017

S2 S1 IDX R1 R2
5,552.7 5,611.6   5,677.0 5,700 5,730
  • Dow Jones closed 0.2% lower at 20,648.1 levels after the release of Fed’s March FOMC meeting minutes. Negative sentiments from Dow Jones spread across
    Asian bourses this morning.
  • IDX booked another record high yesterday, however several upside gaps made IDX vulnerable to technical corrections.
  • We expect IDX to trade in negative territory today as investors tend to realize profits on blue chips stocks.
ACES

Sell on Strength

S2 S1 Level R1 R2
840 870 925 950 970

ACES closed the session higher in its diagonal resistance without volume and overbought RSI trend that could limit the upswing.

GIAA

Trading Buy

S2 S1 Level R1 R2
346 374 394 418 440

GIAA was in the positive side with a full white candle pattern with a high volume indicating another favorable potential.

ITMG

Sell on Strength

S2 S1 Level R1 R2
19,725 21,000 21,550 22,500 23,500

ITMG ended the trading negatively with a high volume after fail to break above its diagonal resistance and overbought RSI trend indicating a further downturn.

SSIA

Sell on Strength

S2 S1 Level R1 R2
655 695 735 745 800

SSIA ended positively the s e s sion supported by a high enough volume but closed near its horizontal resistance 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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