Daily Research 26 May 2017

S2 S1 IDX R1 R2
5,590.5 5,643.5   5,703.4 5,730.6 5,791.8
  • Dow Jones closed 70.5 point higher at 21,082.9 levels.
  • Regional bourses traded negative this morning due to weak oil price despite OPEC agreement to extend production cap until March 2018.
  • IDX closed at its short term diagonal support line. A break below the line, or 5,678 may send IDX lower.
  • We expect IDX to trade lower today.
BBRI

Buy on Weakness

S2 S1 Level R1 R2
13,200 13,975 14,150 14,500 15,300

BBRI still carried on the weak turn with the presences of several supports that could dampen the downturn.

CTRA

Buy on Weakness

S2 S1 Level R1 R2
1,030 1,095 1,120 1,185 1,235

CTRA moved lower during the last several days but with presence of its horizontal support that could limit the weak turn.

ISAT

Speculative Buy

S2 S1 Level R1 R2
9,775 10,400 10,850 11,500 12,275

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

PGAS

Trading Buy

S2 S1 Level R1 R2
2,270 2,350 2,460 2,530 2,590

PGAS closed the session higher above its short term diagonal resistance with 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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