Daily Research 29 May 2017

S2 S1 IDX R1 R2
5,590.5 5,643.5   5,716.8 5,770.6 5,837.2
  • Dow Jones closed 2.7 point lower at 21,080.3 levels last Friday ahead of long holiday as the US market closed for Memorial Day today.
  • Regional bourses traded sideways this morning after north Korea test ballistic missile.
  • IDX closed at its short term diagonal support line. A break below that line, or below 5,703 levels, may trigger further market correction.
  • We expect IDX to trade mixed with negative tendency today.
BJBR

Trading Buy

S2 S1 Level R1 R2
1,745 1,890 2,240 2,330 2,510

BJBR has a chance to continue rally after ended trading with high volume. The rally will valid if BJBR break above recent high level (R1).

ITMG

Trading Buy

S2 S1 Level R1 R2
14,325 15,150 16,000 16,800 17,950

ITMG moved rather positively supported by a high enough volume that could create the opportunity to break its resistance.

KLBF

Buy on Weakness

S2 S1 Level R1 R2
1,385 1,450 1,505 1,565 1,630

SILO ended the trading negatively near its long term diagonal support without volume that could dampen further downside movement.

PTPP

Sell on Strength

S2 S1 Level R1 R2
2,840 3,040 3,200 3,260 3,440

PTPP ended the trading higher but with a close near its diagonal resistance that could limit upswing.

* 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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