Daily Research 04 August 2017

S2 S1 IDX R1 R2
5,712.3 5,760.1   5,780.6 5,865.4 5,910.2
  • Dow Jones closed 0.04% higher at 22,026.1 levels as investors wait and see Friday’s jobs reports as well as ongoing special investigation regarding links between US President with the Russian.
  • Regional bourses traded negative this morning.
  • IDX traded lower near recent low at 5,765 levels. A break below that level may send IDX to bearish territory as it already break strong diagonal support line (and traded sideways until now).
  • We expect IDX to trade lower today ahead of Monday’s 2Q GDP released by BPS.
AALI

Trading Buy

S2 S1 Level R1 R2
14,375 14,700 15,175 15,450 15,800

AALI closed the session higher with high enough volume indicating another upside potential.

ASRI

Trading Buy

S2 S1 Level R1 R2
308 322 350 368 386

ASRI still continue higher with high volume after break its diagonal resistance indicating another upside potential.

LPPF

Trading Buy

S2 S1 Level R1 R2
10,000 10,375 10,950 11,450 12,575

LPPF managed a rebound followed by an increasing volume indicating a further positive opportunity.

TLKM

Sell on Strength

S2 S1 Level R1 R2
4,420 4,570 4,700 4,800 4,950

TLKM was still in the negative territory with the break on support in the middle of a high enough volume indicating a further 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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