Daily Research 07 June 2017

S2 S1 IDX R1 R2
5,590.5 5,643.5   5,707.8 5,770.6 5,837.2
  • Dow Jones closed 0.23% lower at 21,136.2 levels with EIDO closed 0.66% lower at 26.98 levels. Investors tend to wait and see ahead of former FBI Director James Comey testify in front of Senate and US election both scheduled on Thursday.
  • IDX closed on strong diagonal support line which also near its recent low at 5,693 levels. A break below the line and recent low levels may trigger market correction.
  • We expect IDX to trade in negative territory today.
DOID

Trading Buy

S2 S1 Level R1 R2
755 825 895 915 1,000

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

ISAT

Speculative Buy

S2 S1 Level R1 R2
6,200 6,375 6,500 6,800 7,000

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

JPFA

Trading Buy

S2 S1 Level R1 R2
1,555 1,235 1,320 1,420 1,555

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

SMRA

Buy on Weakness

S2 S1 Level R1 R2
1,020 1,400 1,225 1,260 1,325 1,400

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

* 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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