Daily Research 26 July 2017

S2 S1 IDX R1 R2
5,647.4 5,723.6   5,813.5 5,846.6 5,910.2
  • Dow Jones closed 100.26 point higher at 21,613.4 levels backed by positive sentiments on US earnings season.
  • Regional bourses traded positive ahead of the outcome of FOMC meeting tonight.
  • IDX’s candlestick formed hammer pattern and closed at its strong diagonal resistance line. A break above the line may send IDX to continue uptrend channel
    however the continuation of capital outflows may limit upside potentials.
  • We expect IDX to trade positive today.

Sell on Strength

S2 S1 Level R1 R2
2,870 2,970 3,040 3,270 3,370

CPIN chance to continue lower after ended trading with high volume. The rally will valid if CPIN break below recent low level (S1).



S2 S1 Level R1 R2
950 1,030 1,080 1,115 1,170

CTRA was still in the negative territory with the break on horizontal support in the middle of a high enough volume indicating a further downside potential.


Sell on Strength

S2 S1 Level R1 R2
550 640 680 800 865

DOID continues negative with high volume after breaking the support and form the downtrend channel pattern indicating a further downturn.


Trading Buy

S2 S1 Level R1 R2
2,120 2,200 2,250 2,310 2,430

PGAS moved higher after o a condolidation with a long  white candle and a high volume so that could lead to another positive movement.

* 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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