Daily Research 28 July 2017

S2 S1 IDX R1 R2
5,647.4 5,723.6   5,819.7 5,846.6 5,910.2
  • Dow Jones closed 85.54 point higher at 21,796.55 levels backed by strong 1H 2017 financial results. EIDO closed 0.85% lower at 26.72 levels.
  • Regional bourses traded slightly lower this morning although commodity prices remained strong.
  • IDX traded higher yesterday but it still closed at strong diagonal resistance line.
  • We expect IDX to trade mixed with negative tendency today.
BBNI

Sell on Strength

S2 S1 Level R1 R2
6,850 7,025 7,300 7,400 7,500

BBNI closed the session all time high with a thin volume and overbought RSI Trend that could limit the upswing.

MIKA

Sell on Strength

S2 S1 Level R1 R2
1,930 2,050 2,150 2,180 2,280

MIKA still carried on the weak turn with the presences of several supports that could dampen the downturn.

PTPP

Buy on Weakness

S2 S1 Level R1 R2
2,600 2,710 2,870 2,980 3,210

PTPP was stil in the positive side but with a close near its horizontal resistance that could limit the upside movement.

SCMA

Trading Buy

S2 S1 Level R1 R2
2,050 2,130 2,270 2,350 2,450

SCMA ended the trading positively with a bullish harami pattern and also supported by a high volume indicating another upside 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.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s