Daily Research 08 June 2017

S2 S1 IDX R1 R2
5,590.5 5,643.5   5,717.3 5,770.6 5,837.2
  • Dow Jones closed 0.18% higher at 21,173.7 levels ahead of former FBI Director tomorrow. Crude oil price traded lower around US$ 46 per barrel as US crude oil inventory rises.
  • Regional bourses traded mixed this morning clouded by news over a missile launch by North Korea this morning.
  • IDX’s candlestick formed shooting star pattern at strong diagonal support line. A break below the line an recent low level at 5,693 may trigger market correction.
  • We expect IDX to trade in negative territory today.

Speculative Buy

S2 S1 Level R1 R2
925 955 975 1,025 1,055

ACES closed the session lower in diagonal support with a thin volume that could dampen a further downside movement.


Sell on Strength

S2 S1 Level R1 R2
298 312 324 334 351

BEST was still in the positive side but with a close near its horizontal resistance that could slow down this upswing.


Trading Buy

S2 S1 Level R1 R2
1,215 1,280 1,320 1,375 1,440

ROTI edged higher supported by a high enough volume so that could lead to a rebound momentum.


Buy on Weakness

S2 S1 Level R1 R2
4,170 4,250 4,320 4,420 4,500

TLKM ended the trading negatively near its diagonal support with a thin volume suggesting a limited downside 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.


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s