Daily Research 09 May 2017

S2 S1 IDX R1 R2
5,627.9 5,680.8   5,707.9 5,750 5,790
  • Dow Jones closed 5.3 point higher at 21,012.2 levels as investors digest the result of French Presidential election.
  • Regional bourses traded mixed this morning.
  • IDX closed higher yesterday but its candlestick formed an upside gap with inverted hammer pattern which indicates one day reversal.
  • We expect IDX to trade in negative territory today as investor realize profits.
BJTM

Sell on Strength

S2 S1 Level R1 R2
640 670 705 730 750

BJTM moved higher with a long white candle pattern but with the presences of several resistance that could limit the upswing.

BMRI

Sell on Strength

S2 S1 Level R1 R2
11,700 11,900 12,050 12,300 12,500

BMRI closed the session negative with a shooting star pattern also supported by a high enough volume indicating a further downturn.

BMTR

Buy on Weakness

S2 S1 Level R1 R2
555 595 620 680 770

BMTR took a weak turn but with a thin volume and the presences of several supports that could expectedly slow down the downswing.

JPFA

Speculative Buy

S2 S1 Level R1 R2
1,115 1,200 1,265 1,365 1,425

JPFA ended the trading n e gatively in its diagonal support without volume and oversold RSI trend that could dampen a further downside movement.

* 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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