Daily Research 12 April 2017

S2 S1 IDX R1 R2
5,552.7 5,611.6   5,627.3 5,662.7 5,700
  • Dow Jones and European bourses traded mixed on rising geopolitical risks. Dow Jones closed 6.7 points lower at 20,651.3.
  • Regional bourses clouded by negative sentiment as Nikkei traded 1% lower this morning due to Yen appreciation.
  • IDX closed 16 points lower yesterday with rising volume, indicating negative sentiments to remain today.
  • We expect IDX to trade lower today as investors realized profits.
BJBR

Buy on Weakness

S2 S1 Level R1 R2
1,745 1,980 2,030 2,200 2,420

BJBR remained in the weak side during the last 3 days in a row. A weak potential would carry on if its recent low and support are broken down.

BMRI

Buy on Weakness

S2 S1 Level R1 R2
11,425 11,650 11,750 12,050 12,225

BMRI closed the session lower near in its diagonal support and without a volume that could limit the downturn.

BSDE

Buy on Weakness

S2 S1 Level R1 R2
1,680 1,740 1,775 1,840 1,900

ACES ended the trading negatively near in its diagonal support and without a volume that could limit the downturn.

CTRA

Speculative Buy

S2 S1 Level R1 R2
1,030 1,095 1,155 1,230 1,285

CTRA managed a rebound t u rn after on a downswing with a full candle and supported by a high enough volume suggesting 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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