Daily Research 11 October 2017

 

S2 S1 IDX R1 R2
5,855.1 5,884.6   5,905.8 5,939.5 5,970
  • Dow Jones gained 0.3% which made fresh new high at 20,830.7 levels backed by Wall-Mart stock buyback plan.
  • Regional market traded sideways this morning. EIDO closed 0.7% higher at 26.78 levels may support IDX at the open today.
  • IDX traded sideways near horizontal support line. A break below the line may trigger further downside risk for IDX.
  • In all we expect IDX to trade mixed today as foreign investors remains a net seller on equity market.
CPIN

Trading Buy

S2 S1 Level R1 R2
2,770 2,850 2,960 3,000 3,090

CPIN closed the session higher after break above horizontal resistance with high enough volume indicating another upside potential.

ELSA

Trading Buy

S2 S1 Level R1 R2
268 284 314 324 342

ELSA ended the trading positively after break above flag pattern with high enough volume indicating another upside potential.

INCO

Sell on Strength

S2 S1 Level R1 R2
2,600 2,790 2,920 3,080 3,240

INCO closed the session positively but not followed volume and close near its recent high that could limit this upswing.

TLKM

Sell on Strength

S2 S1 Level R1 R2
4,300 4,420 4,530 4,650 4,740

TLKM ended the trading negatively and break below horizontal support 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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