Daily Research 27 July 2017

S2 S1 IDX R1 R2
5,647.4 5,723.6   5,800.2 5,846.6 5,910.2
  • Dow Jones closed 97.58 point higher at fresh all-time high at 21,711.01 levels. The Fed leave interest rate unchanged on its FOMC meeting.
  • Regional bourses traded flat this morning as investors wait and see 1H 2017 financial results.
  • US$ Index dropped to 93.5 levels, support global commodity prices such as energy, metals, and soft commodities. IDX traded lower yesterday after touched its strong diagonal resistance line.
  • We expect IDX to trade sideways today as investors wait and see 1H 2017 financial results.
BBTN

Sell on Strength

S2 S1 Level R1 R2
2,170 2,330 2,420 2,530 2,640

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

INCO

Sell on Strength

S2 S1 Level R1 R2
2,050 2,220 2,380 2,400 2,560

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

TINS

Trading Buy

S2 S1 Level R1 R2
700 735 815 835 900

TINS closed the session higher with a long white candle and also supported by a high volume indicating another upside potential.

UNVR

Sell on Strength

S2 S1 Level R1 R2
19,200 20,450 21,600 22,200 23,500

ITMG was in the positive side with a long white candle. But so, a position near its recent high would have the chance to dampen the gaining turn.

* 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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