Daily Research 01 November 2017

S2 S1 IDX R1 R2
5,914.0 5,954.7 6,005.8 6,050 6,100
  • Dow Jones closed 28.5 point higher at 23,377.2 levels as investor expect the Fed will maintain gradual pace of rate increase.
  • Regional market traded positive this morning expected to bring some positive sentiments for IDX.
  • IDX closed higher yesterday backed by relatively high foreign net buy value, however its candlestick formed long black candle with upside gap which may trigger technical correction today.
  • We expect IDX to trade lower today as investors tend to lock profit after 9M 2017 financial results.
ACES

Sell on Strength

S2 S1 Level R1 R2
1,090 1,185 1,255 1,345 1,425

ACES moved lower with a high trading volume and also a broken diagonal support that could lead to a further weak potential.

ELSA

Sell on Strength

S2 S1 Level R1 R2
256 292 308 326 346

ELSA took a deep weak turn with a bearish engulfing pattern and also a break on support and horizontal support signaling a further downturn.

INTP

Sell on Strength

S2 S1 Level R1 R2
20,825 21,850 22,450 24,000 24,200

INTP ended the trading negatively with high enough volume and open gap up with overbought RSI trend indicating a further downturn.

SRIL

Speculative Buy

S2 S1 Level R1 R2
318 344 364 398 420

MNCN closed the session higher after break above diagonal resistance with high enough 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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