Daily Research 04 July 2017

S2 S1 IDX R1 R2
5,749.6 5,792.9   5,910.2 5,930.0 5,970.0
  • Dow Jones closed 0.6% higher at 21,479.3 level ahead of 4th July Independence Day.
  • Regional bourses traded relatively positive this morning.
  • IDX closed higher at fresh new highs but it closed at strong diagonal resistance line which cap positive momentum.
  • We expect IDX to trade relatively negative today as investors lock profits.
BBRI

Sell on Strength

S2 S1 Level R1 R2
14,250 14,800 15,500 16,000 16,500

BBRI closed a session higher with a high volume but closed in its diagonal resistance and near overbought RSI trend that could limit the upswing.

INDF

Sell on Strength

S2 S1 Level R1 R2
8,300 8,600 8,775 8,925 9,200

INDF traded higher within the last 4 days and closed near its horizontal resistance line, and thus limit upside potential.

PGAS

Trading Buy

S2 S1 Level R1 R2
2,200 2,290 2,350 2,430 2,540

PGAS was in the positive side followed by an increasing volume indicating a further up potential.

TLKM

Sell on Strength

S2 S1 Level R1 R2
4,420 4,500 4,790 4,850 5,000

TLKM ended the trading positively with a high volume but closed in its diagonal resistance and overbought RSI trend that could limit the 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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