Daily Research 24 October 2017

S2 S1 IDX R1 R2
5,825.1 5,854.5 5,950.0 5,967.1 6,000
  • Dow Jones closed 0.23% lower at 23,274 levels dragged by General Electric shares.
  • Regional market traded sideways this morning due to lack of positive catalyst.
  • IDX closed near all-time high 5,951 levels backed by selective purchase of stocks by foreign investors. However IDX’s candlestick formed inverted hammer pattern with upside gap which may lead to a technical correction today.
  • In all we expect IDX to trade mixed with negative tendency today.

Buy on Weakness

S2 S1 Level R1 R2
2,100 2,230 2,330 2,480 2,610

HRUM was in the negative side but with a close near its horizontal support that could limit the downturn movement.


Buy on Weakness

S2 S1 Level R1 R2
5,675 5,825 5,950 6,200 6,350

JSMR closed the session lower near its diagonal support with a thin volume suggesting a limited downside potential.


Speculative Buy

S2 S1 Level R1 R2
47,650 48,325 49,150 50,500 51,425

UNVR ended the trading negatively in diagonal support area with a thin volume that could dampen a further downside movement.


Sell on Strength

S2 S1 Level R1 R2
1,980 2,100 2,160 2,250 2,370

WSKT ended the trading flat after fail to break above horizontal resistance with a doji pattern that could potentially push for a correction.

* 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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