Daily Research 10 May 2017

S2 S1 IDX R1 R2
5,627.9 5,680.8   5,697.1 5,750 5,790
  • Dow Jones traded 36.5 point lower closed at 20,975.7 levels after North Korea statement to proceed their nuclear tests.
  • Nikkei traded 0.3% higher this morning as Yen depreciates against US$.
  • IDX’s candlestick formed “dark cloud cover” which indicates further downside risk today.
  • We expect IDX to trade negative today as investors realize profits.

Sell on Strength

S2 S1 Level R1 R2
13,000 13,500 14,000 14,350 14,850

BBRI moved negatively with a shooting star pattern after falling to break its recent high suggesting another downside movement.


Buy on Weakness

S2 S1 Level R1 R2
1,710 1,850 1,930 2,040 2,150

INCO closed the session negative near its diagonal support with a thin volume and oversold RSI trend suggesting a limited downside potential.


Speculative Buy

S2 S1 Level R1 R2
2,000 2,200 2,300 2,500 2,670

MEDC ended the trading negatively in its diagonal support without volume and oversold RSI trend that could dampen a further downside movement.


Sell on Strength

S2 S1 Level R1 R2
5,225 5,450 5,675 5,900 6,075

TBIG moved in the weak s i d e followed by a bearish engulfing suggesting another 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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