Daily Research 05 May 2017

S2 S1 IDX R1 R2
5,577.5 5,627.9   5,669.4 5,703.87 5,750
  • Dow Jones closed 6.4 point higher at 20,951.4 although dragged by energy stocks.
  • Crude oil price traded below US$ 46 per barrel levels, may send negative sentiments to emerging markets while investors wait for the release of 1Q 2017 GDP figures from BPS this morning.
  • Backed by strong foreign inflows, IDX’s candlestick formed bullish harami formation, an early indicator for another price increase today. In all we expect IDX to trade mixed with positive tendency today.
AKRA

Buy on Weakness

S2 S1 Level R1 R2
5,975 6,150 6,300 6,475 6,650

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

ANTM

Buy on Weakness

S2 S1 Level R1 R2
585 625 645 700 735

ANTM closed the session lower near its diagonal support without a volume and oversold RSI trend that could dampen a further downside movement.

PWON

Trading Buy

S2 S1 Level R1 R2
605 625 675 690 710

PWON ended the trading positively above its diagonal resistance with a high enough volume indicating another upside potential.

SMRA

Trading Buy

S2 S1 Level R1 R2
1,255 1,315 1,385 1,425 1,495

SMRA managed to moved u p in a thin range with bullish engulfing formation suggesting a further upside opportunity.

* 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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