Daily Research 15 May 2017

S2 S1 IDX R1 R2
5,577.5 5,622.9   5,675.2 5,715.1 5,750
  • Dow Jones closed 22.8 point lower at 20,896.6 levels.
  • Regional bourses traded lower this morning as geopolitical issue rises as North Korea launched missile test last Sunday.
  • IDX’s candlestick formed “inverted hammer” pattern on a “bearish harami”, which indicates selling pressure to persist today.
  • Thus we expect IDX to trade in negative territory today.

Speculative Buy

S2 S1 Level R1 R2
570 600 620 645 670

ANTM closed the session negative in its horizontal support with a thin volume and oversold RSI trend that could dampen a further downside movement.


Sell on Strength

S2 S1 Level R1 R2
68,000 70,000 73,900 75,000 77,100

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


Sell on Strength

S2 S1 Level R1 R2
45,325 46,000 46,800 47,000 47,800

UNVR in the positive side followed by a high volume and a presence of its diagonal resistance and overbought RSI trend that could limit the upside turn.


Buy on Weakness

S2 S1 Level R1 R2
2,160 2,220 2,230 2,290 2,330

WSKT ended the trading n e g atively near its diagonal support without volume suggesting a limited downside 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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