Daily Research 28 April 2017

S2 S1 IDX R1 R2
5,664.5 5,687.1   5,707.0 5,730 5,750
  • Dow Jones closed 6.2 points higher at 20,981.3 levels as investors doubt the effectiveness of Trump’s tax reform plans and concerns over US Government’s
    budget talks.
  • Regional bourses traded slightly negative this morning.
  • IDX/s candlestick formed bearish harami pattern, which indicates one-day key reversal. However downside risk expected to be supported by 1Q 2017 financial results which due today.
  • We expect IDX to trade sideways with negative tendency.
AKRA

Sell on Strength

S2 S1 Level R1 R2
6,475 6,750 6,850 6,925 7,100

AKRA moved higher followed by an increasing volume but with the presences of several strong resistance that could limit upswing.

INDF

Sell on Strength

S2 S1 Level R1 R2
7,900 8,100 8,450 8,525 8,750

INDF closed the session higher in its diagonal resistance with a high enough volume but with an open gap up an overbought RSI trend that could limit the upswing.

JSMR

Trading Buy

S2 S1 Level R1 R2
4,280 4,460 4,660 4,790 4,960

JSMR manged a rebound turn after on a downswing with a long white candle and supported by a high enough volume suggesting another favorable potential.

LPCK

Sell on Strength

S2 S1 Level R1 R2
4,180 4,380 4,560 4,770 4,920

LPCK ended the trading neg a t ively with a shooting star pattern also supported by a high volume 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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