Daily Research 11 July 2017

S2 S1 IDX R1 R2
5,662.7 5,731.1   5,771.5 5,839.9 5,910.2
  • Dow Jones closed 5.8 point lower at 21,408.5 levels ahead of 1H 2017 earning season.
  • Regional bourses traded flat with positive tendency this morning.
  • IDX closed lower near strong diagonal support line as foreign investors booked a rather high net sell positions. A break below the line may trigger market correction.
  • We expect IDX to trade mixed with positive tendency today, backed by positive regional indices.

Buy on Weakness

S2 S1 Level R1 R2
13,750 14,375 14,725 15,075 15,505

BBRI closed the trading negatively with a long black candle pattern and a high enough volume indicating a further downside movement.


Buy on Weakness

S2 S1 Level R1 R2
2,250 2,360 2,390 2,570 2,690

BBTN still continue the session lower without volume and near oversold RSI trend and a presence of its several horizontal support levels that could dampen a further downside movement.


Sell on Strength

S2 S1 Level R1 R2
655 690 710 740 790

LPKR moved up supported by a strong volume but with a presence of its horizontal resistance that could dampen this upswing.


Speculative Buy

S2 S1 Level R1 R2
45,300 46,000 46,725 48,500 49,200

UNVR ended the trading negatively with a long black candle pattern in 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.


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