Daily Research 12 October 2017

 

S2 S1 IDX R1 R2
5,825.1 5,854.5   5,882.8 5,914.9 5,939.5
  • Dow Jones closed 42.2 point higher at fresh new high 22,872.9 levels backed by positive sentiments over 9M 2017 earnings. Market also cheered as there is certainty that Minutes of previous FOMC meeting assure market that
    The Fed will lift benchmark rate on December FOMC meeting.
  • Regional market traded sideways this morning due to lack of positive catalysts.
  • IDX traded lower near its strong diagonal support line as foreign investor sold TLKM shares yesterday.
  • In all we expect IDX to trade lower today as foreign investors keep selling Indonesian equities.
BBTN

Trading Buy

S2 S1 Level R1 R2
2,750 2,930 3,010 3,160 3,300

BBTN moved in the positive area with a bullish engulfing formation indicating a further upside potential.

EXCL

Sell on Strength

S2 S1 Level R1 R2
3,200 3,360 3,460 3,700 3,850

EXCL ended the trading negatively after break below long term diagonal support with high enough volume indicating a further downturn.

JSMR

Sell on Strength

S2 S1 Level R1 R2
5,700 5,925 6,075 6,250 6,500

JSMR still carried on the upside turn but only with a shooting star pattern and an open gap that could potentially push for a correction.

UNVR

Sell on Strength

S2 S1 Level R1 R2
46,725 48,100 48,875 50,000 51,425

UNVR closed the session lower below long term diagonal support with higher 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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