Daily Research 16 May 2017

S2 S1 IDX R1 R2
5,577.5 5,622.9   5,688.9 5,715.1 5,750
  • Dow Jones closed 0.4% higher at 20,981.9 levels backed by rebound in crude oil price and tech sector.
  • Regional bourses traded positive this morning backed by positive sentiments from Dow.
  • IDX’s candlestick formed morningstar pattern yesterday near strong diagonal resistance.
  • IDX has upside potential today to test its all-time high at 5,726 levels.
ACES

Speculative Buy

S2 S1 Level R1 R2
910 935 950 1,000 1,025

ACES closed the session negative near diagonal support with a thin volume that could dampen a further downside movement.

BBRI

Sell on Strength

S2 S1 Level R1 R2
13,500 14,000 14,300 14,500 15,000

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

ISAT

Sell on Strength

S2 S1 Level R1 R2
7,000 7,125 7,350 7,500 7,700

ISAT in the positive side near diagonal resistance with a thin volume that could limit the upside turn.

SMGR

Trading Buy

S2 S1 Level R1 R2
8,300 8,600 8,900 9,175 9,400

SMGR ended the trading p o si tively above its diagonal resistance with a high enough volume indicating another upside 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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