Daily Research 07 July 2017

S2 S1 IDX R1 R2
5,749.6 5,792.9   5,849.6 5,910.2 5,950.0
  • Dow Jones closed 158.1 point lower (-0.74%) at 21,320 levels dragged by technology stocks.
  • Regional bourses traded negative this morning triggered by higher global bond yield.
  • IDX closed higher with candlestick formed piercing line pattern which indicates another positive trade today. However foreign net sell increased yesterday.
  • We expect IDX to trade mixed with negative tendency today clouded by negative sentiments from regional bourses.

Sell on Strength

S2 S1 Level R1 R2
6,375 6,575 6,775 6,900 7,200

BBNI are relatively up but with a closer near its recent high in which could trim the upside turn.


Speculative Buy

S2 S1 Level R1 R2
8,250 8,425 8,525 8,900 9,100

ICBP closed a session lower with a high enough volume but closing near its diagonal support suggesting a limited downside potential.


Sell on Strength

S2 S1 Level R1 R2
226 246 256 268 280

PNLF edged higher but with a position near its rather strong horizontal resistance possibly trimming a further upside potential.


Speculative Buy

S2 S1 Level R1 R2
2,220 2,280 2,360 2,450 2,540

SCMA closed the trading higher with a strong volume after on a weak trend in the last 8 days creating a technical rebound.

* 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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