Daily Research 05 July 2017

S2 S1 IDX R1 R2
5,749.6 5,792.9   5,865.4 5,930.0 5,970.0
  • Dow Jones closed to celebrate Independence Day. Regional bourses traded relatively lower this morning.
  • IDR traded lower yesterday with candlestick formed bearish harami pattern just one day after booked fresh all-time high last Monday.
  • We expect IDX to trade mixed with negative tendency today.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.
AKRA

Speculative Buy

S2 S1 Level R1 R2
6,125 6,275 6,300 6,500 6,700

AKRA was in the negative side but a position near its horizontal support suggesting a limited downside potential.

BDMN

Sell on Strength

S2 S1 Level R1 R2
4,520 4,700 4,830 5,050 5,300

BDMN closed the session lower with a long black candle formation and high enough volume indicating another weak movement.nt.

JSMR

Sell on Strength

S2 S1 Level R1 R2
5,150 5,300 5,475 5,525 5,650

JSMR closed the session higher in its diagonal resistance without volume and near its overbought RSI trend that could limit the upswing.

PTPP

Sell on Strength

S2 S1 Level R1 R2
2,900 3,080 3,360 3,440 3,580

PTPP ended the trading positively near its diagonal resistance with a thin volume and near its 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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