Daily Research 26 September 2017


S2 S1 IDX R1 R2
5,808.6 5,854.5   5,894.6 5,950.0 6,000
  • Dow Jones closed 0.24% lower at 22,296.1 dragged by tech sectors. North Korea threat on US President statement raising geopolitical tensions.
  • EIDO closed 1.08% lower at 26.66 may limit positive momentum for IDX at today’s open.
  • IDX closed lower after traded near all-time high level at 5,915 and may test its support levels.
  • We expect IDX to trade in negative territory today as foreign investors still booked net sell positions on equities.

Buy on Weakness

S2 S1 Level R1 R2
1,640 1,700 1,755 1,840 1,890

ADRO closed the session lower near horizontal support with a thin volume that could dampen a further downside movement.


Sell on Strength

S2 S1 Level R1 R2
610 640 650 685 715

ANTM ended the trading negatively with a long black candle and break below its diagonal support with a high enough volume indicating a further downturn.


Sell on Strength

S2 S1 Level R1 R2
740 810 880 920 1,000

MEDC ended the trading weaker with a bearish  engulfing formation providing another downside sign.


Buy on Weakness

S2 S1 Level R1 R2
46,725 48,325 49,700 51,200 52,500

UNVR still carried the weak turn but with a close horizontal support in which could expectedly slow down the downswing.

* 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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