Daily Research 25 October 2017

S2 S1 IDX R1 R2
5,825.1 5,854.5 5,952.1 5,974.2 6,000
  • Dow Jones closed 167.8 point higher at new record high at 23,441.8 levels backed by positive sentiments on US earning season.
  • Regional market traded positive this morning may send some positive momentum for IDX today.
  • IDX closed slightly above all-time high level however its candlestick formed inverted hammer pattern, which indicate selling pressure still persist thus may cause technical correction today.
  • In all we expect IDX to trade mixed with lower tendency today.
GGRM

Buy on Weakness

S2 S1 Level R1 R2
56,300 60,150 62,025 64,500 68,000

GGRM still carried on the downturn but with the presence of its horizontal support that could slow the downturn.

ITMG

Sell on Strength

S2 S1 Level R1 R2
20,800 21,600 23,000 23,500 24,500

ITMG ended the trading positively with a thin volume and overbought RSI trend that could limit the upswing.

JSMR

Sell on Strength

S2 S1 Level R1 R2
5,525 5,850 6,050 6,300 6,550

JSMR moved higher with bullish harami pattern but near its recent high that could dampen the upswing.

PPRO

Trading Buy

S2 S1 Level R1 R2
181 197 220 234 246

PPRO closed the session higher with bullish engulfing pattern and higher volume indicating another upside potential.

* 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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