Daily Research 17 May 2017

S2 S1 IDX R1 R2
5,577.5 5,622.9   5,647.0 5,715.1 5,750
  • Dow Jones closed 2.2 point lower at 20,979.7 levels on a mixed trading sessions.
  • Australian and Japan bourses traded 0.5% and 0.6% lower this morning as investors lock profits.
  • IDX closed at recent low levels and break short term diagonal support line.
  • We expect IDX to trade negative today as investors wait and see the official announcement of rating revision from Standard & Poor’s.
ANTM

Trading Buy

S2 S1 Level R1 R2
570 600 700 730 760

ANTM closed the session higher above its diagonal resistance with a high volume indicating another upside potential.

INTP

Sell on Strength

S2 S1 Level R1 R2
17,200 17,800 18,475 19,000 19,500

INTP ended the trading positively in its diagonal resistance with an open gap up and overbought RSI trend that could limit the upswing.

JPFA

Speculative Buy

S2 S1 Level R1 R2
970 1,060 1,180 1,215 1,300

JPFA closed the trading higher with a long white candle after on a weak trend in the last 6 days creating a technical rebound.

MEDC

Trading Buy

S2 S1 Level R1 R2
2,300 2,500 2,750 2,940 3,150

MEDC ended the trading positively with a high 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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