Daily Research 25 September 2017


S2 S1 IDX R1 R2
5,808.6 5,854.5   5,911.7 5,950.0 6,000
  • Dow Jones closed 9.6 point lower at 22,349.6 at the end of last week.
  • Regional market traded positive this morning.
  • IDX closed higher last week near all-time high at 5,915 but not supported by increase in trading volume as foreign investors keep book net sell on the market.
  • In all we expect IDX to trade positive today on possible window dressing actions later this week (end of September).

Sell on Strength

S2 S1 Level R1 R2
18,225 18,850 19,875 20,110 20,500

BBCA closed the session all time high break above diagonal resistance but with a thin volume and overbought RSI trend that could limit the upswing.


Trading Buy

S2 S1 Level R1 R2
14,500 15,075 15,675 16,000 16,500

BBRI ended the session higher wit a long white candle and a break on its horizontal resistance as well as a high enough volume indicating a further upside potential.


Buy on Weakness

S2 S1 Level R1 R2
1,680 1,740 1,765 1,845 1,900

BSDE ended trading negatively near its diagonal  support with a thin volume that could dampen a further downside movement.


Sell on Strength

S2 S1 Level R1 R2
4,400 4,560 4,640 4,770 4,850

TLKM moved in the negative side and break below horizontal support with high enough volume indicating a further downturn.

* 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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