Daily Research 22 May 2017

S2 S1 IDX R1 R2
5,577.5 5,622.9   5,791.9 5,850.0 5,900.0
  • Dow Jones closed 141.8 point higher (+0.7%) at 20,804.8 levels last Friday.
  • Regional bourses traded positive this morning despite North Korea missile test launched yesterday.
  • IDX closed sharply higher last Friday backed by positive rating upgrade from Standard & Poor’s. IDX closed at strong diagonal resistance line. IDX may
    continue its strong positive momentum if able to break above that line.
  • We expect IDX to trade on positive territory today.
BMRI

Sell on Strength

S2 S1 Level R1 R2
11,700 12,000 12,900 13,275 13,500

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

GGRM

Sell on Strength

S2 S1 Level R1 R2
70,000 72,000 76,500 77,100 78,500

GGRM ended the trading higher without volume and open gap up with an overbought RSI trend that could limit the upswing.

ICBP

Sell on Strength

S2 S1 Level R1 R2
8,425 8,675 9,100 9,350 9,575

ICBP ended the trading higher in its diagonal resistance without volume and overbought RSI trend that could limit the upswing.

SMRA

Trading Buy

S2 S1 Level R1 R2
1,155 1,200 1,325 1,375 1,420

SMRA closed the session positive above its diagonal resistance after on a weak trend in the last 4 days creating a technical rebound.

* 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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