Daily Research 17 April 2017

S2 S1 IDX R1 R2
5,552.7 5,592.2   5,616.5 5,662.7 5,700
  • Dow Jones and European bourses closed on God Friday. Dow Jones closed 0.67% lower last Thursday at 20,453.2 levels.
  • IDX’s candlestick formed bearish engulfing pattern last Thursday which indicates further negative pressure today.
  • We expect IDX to trade negative today.
ACST

Sell on Strength

S2 S1 Level R1 R2
2,900 3,020 3,190 3,250 3,360

ACST closed the session higher with high volume while closed near its horizontal resistance and overbought RSI trend that could limit the upswing.

AKRA

Sell on Strength

S2 S1 Level R1 R2
6,125 6,350 6,550 6,700 6,925

AKRA moved higher with a long white candle pattern but with the presences of several resistances that could slow the upswing.

BMRI

Speculative Buy

S2 S1 Level R1 R2
11,300 11,550 11,650 11,900 12,225

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

BNGA

Sell on Strength

S2 S1 Level R1 R2
1,025 1,095 1,155 1,215 1,285

BNGA was in the negat iv e side with a bearish engulfing formation after fail to break above its diagonal resistance that trend indicating 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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