Daily Research 08 November 2017

S2 S1 IDX R1 R2
5,915.4 5,974.1 6,060.5 6,082.2 6,110
  • Mixed Negative Market. Dow Jones slightly up to another high record, however S&P 500 and Nasdaq slightly edges down.
  • US House of Representatives yesterday managed to pass a bill that will reduce corporate tax rate to 20% from 35%.
  • This morning Nikkei, Kospi, and All Ordinaries opens lower.
  • A significant increase in IDX Composite in the past two days making it prone to correction, so today is predicted to move in mixed direction with tendency to weaken, support 6,000, resistance 6,120 if managed to continue yesterday’s
    positive movement.
ELSA

Trading Buy

S2 S1 Level R1 R2
294 316 340 360 392

ELSA closed the session above recent high with increasing trading volume indicating another upside potential.

JSMR

Sell on Strength

S2 S1 Level R1 R2
6,200 6,350 6,675 6,800 6,900

JSMR closed the session higher in diagonal resistance  with a thin volume and overbought RSI trend that could limit the upswing.

PTBA

Trading Buy

S2 S1 Level R1 R2
10,600 11,150 12,050 12,275 13,000

PTBA ended the trading positively with long white candle after break above resistance with higher volume indicating another upside potential.

TINS

Sell on Strength

S2 S1 Level R1 R2
840 905 945 980 1,050

TINS was in the still in the posistive side but near its recent high that could dampen the upswing.

* 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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