Daily Research 17 October 2017

 

S2 S1 IDX R1 R2
5,863.9 5,914.3 5,949.7 5,967.1 6,000
  • Dow Jones closed 0.37% higher at fresh new high 22,956.96 levels backed by positive sentiments of US earnings season.
  • Regional market traded positive this morning, may send some positive sentiments for IDX today.
  • IDX traded higher yesterday and closed near recent high at 5,951 levels backed by selective buy from foreign investors. A break above the line may trigger
    further upside momentum.
  • In all we expect IDX to trade positive today.
CPIN

Sell on Strength

S2 S1 Level R1 R2
2,960 3,090 3,210 3,310 3,530

CPIN was on an upside turn with presences of resistance that could limit the positive opportunity.

ITMG

Sell on Strength

S2 S1 Level R1 R2
19,725 20,675 21,400 21,600 22,200

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

ADHI

Trading buy

S2 S1 Level R1 R2
9,000 9,200 9,650 10,325 11,375

LPPF closed the session higher after break above diagonal resistance with higher volume indicating another upside potential.

PWON

Sell on strength

S2 S1 Level R1 R2
580 610 635 640 665

PWON moved up with a h ig h volume but near its horizontal resisatnce that could dampen this current 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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