Daily Research 14 November 2017

S2 S1 IDX R1 R2
5,955.2 5,995.9 6,021.5 6,082.2 6,110
  • The Dow Jones, S&P 500 and Nasdaq indexes closed up yesterday. However investors are still wary of the potential delay in US corporate tax reform implementation after the Senate put forward a proposal to delay it for a year.
  • Nikkei 225 index opened higher this morning, while Kospi and All Ordinaries opened lower.
  • Selling pressure is still quite large on IDX Composite however the decline is still limited to its support level at 5,960, resistance 6,080 if it could manage to

Buy on Weakness

S2 S1 Level R1 R2
1,600 1,630 1,655 1,710 1,740

BSDE ended the trading negatively with a thin volume and a presence of its several support levels that could dampen a further downside movement.


Sell on Strength

S2 S1 Level R1 R2
74,000 75,700 78,950 79,800 81,300

GGRM closed the session higher near its horizontal resistance and overbought RSI trend that could limit the upswing.


Sell on Strength

S2 S1 Level R1 R2
2,490 2,670 2,790 2,890 3,000

INDY ended the trading flat with shooting star after increase a few days and overbought RSI trend suggesting a correction potential.


Buy on Weakness

S2 S1 Level R1 R2
18,350 19,400 20,325 21,175 22,175

INTP continued the weak turn but with the presences of several horizontal support that could slow down the current downswing.

* 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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