Daily Research 14 August 2017

S2 S1 IDX R1 R2
5,675.3 5,731.8   5,766.1 5,865.4 5,910.2
  • Dow Jones closed 14.3 point higher at 21,858.3  levels last Friday backed by Apple stock. European market closed lower last week.
  • Regional market traded relatively negative this morning.
  • IDX traded down near recent low at 5,749 levels a foreign investor booked net sell positions. A break below recent low may trigger major correction as IDX has been traded sideways within the last 1-2 months.
  • In all we expect IDX to trade in negative territory today.
BSDE

Buy on Weakness

S2 S1 Level R1 R2
1,680 1,740 1,770 1,900 1,965

BSDE closed the session lower with long black candle pattern near its diagonal support and a thin volume suggesting a limited downside potential.

ISAT

Sell on Strength

S2 S1 Level R1 R2
6,375 6,600 6,725 7,000 7,200

ISAT ended the trading negatively in diagonal resistance area with high volume after closing higher in previous three days ago may trigger price correction.

PWON

Buy on Weakness

S2 S1 Level R1 R2
570 610 645 685 725

PWON moved in the negative territory followed by a long black candle pattern creating a further downside potential.

WSKT

Sell on Strength

S2 S1 Level R1 R2
2,180 2,250 2,340 2,420 2,500

WSKT ended the session in the positive side with only a low volume indicating a limited upside 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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