Daily Research 06 June 2017

S2 S1 IDX R1 R2
5,590.5 5,643.5   5,748.2 5,770.6 5,837.2
  • Dow Jones closed 2.2 point lower at 21,184 levels. Regional bourses traded lower this morning due to lack of positive sentiments and terrorist attacks.
  • Crude oil price traded lower although middle east countries closed diplomatic ties with Qatar due to terrorism and radicalism.
  • IDX may get another price correction today as yesterday’s candlestick formed an upside gap with a doji.
  • We expect IDX to trade negative today.
ADRO

Trading Buy

S2 S1 Level R1 R2
1,405 1,470 1,545 1,630 1,720

ADRO moved higher supported by a high enough volume that could lead to another positive movement today.

AISA

Sell on Strength

S2 S1 Level R1 R2
1,870 1,950 2,000 2,150 2,230

AISA closed the session lower and break below its diagonal support area with high enough volume indicating a further downturn.

EXCL

Sell on Strength

S2 S1 Level R1 R2
2,930 3,080 3,210 3,280 3,480

EXCL edged higher near its horizontal resistance in which suggesting a limited further upside potential.

MIKA

Hold

S2 S1 Level R1 R2
1,850 1,900 1,950 2,110 2,200

MIKA ended the trading negatively with a high volume but closed in its diagonal support and oversold RSI trend that could dampen a further downside movement.

* 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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