Daily Research 11 April 2017

S2 S1 IDX R1 R2
5,552.7 5,611.6   5,644.3 5,700 5,730
  • Dow Jones closed 1.9 higher at 20,658.0 levels as investors concerned about increasing geopolitical tensions over Syria and North Korea issues.
  • Regional bourses traded mixed with negative tendency this morning.
  • IDX traded lower yesterday after touched its strong diagonal resistance line.
  • We expect IDX to trade negative today as investors realize profits.

Sell on Strength

S2 S1 Level R1 R2
2,870 3,150 3,360 3,540 3,720

MEDC was in the negative side with a formation of a shooting star signaling a further downside potential.


Speculative Buy

S2 S1 Level R1 R2
2,850 2,955 3,040 3,250 3,350

PTPP closed the session lower with a high volume but with a close near its diagonal support and oversold RSI trend and that could limit the downturn.


Speculative Buy

S2 S1 Level R1 R2
875 930 985 1,010 1,065

TINS ended the trading positively with a bullish engulfing pattern suggesting another favorable potential.


Sell on Strength

S2 S1 Level R1 R2
43,875 44,575 45,300 45,675 46,400

ACES ended the trading p o sitively in its diagonal resistance without volume and 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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