Daily Research 27 April 2017

S2 S1 IDX R1 R2
5,624.6 5,664.5   5,726.5 5,750 5,780
  • Dow Jones closed 21 point lower at 20,975.1 levels as US tax reform offered by Donald Trump administration could trigger wider deficit.
  • Regional bourses traded mixed this morning with Nikkei down by 0.35% on profit taking actions.
  • IDX booked another record high, closed at strong diagonal resistance, on optimism of better 1Q 2017 earnings.
  • We expect IDX traded mixed with negative tendency on profit taking actions.
BBCA

Sell on Strength

S2 S1 Level R1 R2
17,075 17,400 18,000 18,250 18,500

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

PTPP

Buy on Weakness

S2 S1 Level R1 R2
3,000 3,160 3,200 3,380 3,510

PTPP still carried on the weak turn with the presences of several supports that could dampen the downturn.

UNVR

Sell on Strength

S2 S1 Level R1 R2
43,875 44,575 45,800 46,000 46,500

UNVR ended the trading positively in its diagonal resistance without volume and overbought RSI trend that could limit the upswing.

UNTR

Trading Buy

S2 S1 Level R1 R2
25,075 26,600 27,900 29,150 30,675

UNTR was in the positive s id e with a bullish engulfing pattern with a high volume indicating 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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