Daily Research 13 November 2017

S2 S1 IDX R1 R2
5,949.7 5,995.0 6,021.8 6,050.8 6,082.2
  • European and US stock indexes closed down on the weekend. Brexit talk have yet to agree on the size of the U.K.’s divorce bill.
  • Speeches from President Trump and Xi Jinping at the APEC summit revealed differences in viewing global trade.
  • Nikkei 225 and All Ordinaries opens lower this morning, meanwhile Kospi opens up.
  • JCI has the potential to rebound after declining in the last 3 days, support 5,960, resistance 6,080.

Sell on Strength

S2 S1 Level R1 R2
6,050 6,300 6,500 6,725 7,00

JSMR was in the negative side followed by a long black candle indicating a further downside potential.


Buy on weakness

S2 S1 Level R1 R2
900 970 985 1,030 1,075

SMRA moved lower during the last several dyas but with presence of its horizontal support that could limit the weak turn.


Buy on weakness

S2 S1 Level R1 R2
820 885 905 945 1,020

TINS moved lower with a close near its recent low. A further downside turn would remain possible if its recent low is broken down.


Sell on Strength

S2 S1 Level R1 R2
30,000 32,050 32,725 33,050 34,950

SMGR closed the session lower and break below its diagonal support area with high enough volume indicating a further downturn.

* 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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