Daily Research 09 June 2017

 

S2 S1 IDX R1 R2
5,590.5 5,643.5   5,702.9 5,770.6 5,837.2
  • Dow Jones closed 8.8 point higher at 21,182.5 levels after Senate hearing session with former FBI Director.
  • Exit polls on UK election suggest PM Theresa May win majority at the Parliament but with less seat than previously. ECB meeting decided to leave its benchmark rate unchanged.
  • IDX closed near recent low at 5,693 levels. A break below the level may trigger further correction.
  • We expect IDX to trade in negative territory today.
ADHI

Speculative Buy

S2 S1 Level R1 R2
2,030 2,120 2,170 2,250 2,330

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

CPIN

Buy on Weakness

S2 S1 Level R1 R2
2,970 3,050 3,070 3,200 3,300

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

INDF

Sell on Strength

S2 S1 Level R1 R2
7,950 8,300 8,600 8,925 9,200

INDF was on the negative side with a formation a bearish engulfing yesterday indicating another downside movement.

ITMG

Sell on Strength

S2 S1 Level R1 R2
15,800 16,700 17,450 17,950 19,200

ITMG still moved in the positive side but with the presences of several resistance that could slow down the upside opportunity.

* 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.

Advertisements

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