Daily Research 15 November 2017

S2 S1 IDX R1 R2
5,910.5 5,955.2 5,988.3 6,044.3 6,082.2
  • Stock indices in the US and Europe ended lower yesterday, as commodity prices fell, after Industrial Production, Retail Sales and Fixed Asset Investment
    data from China were well below estimates.
  • Nikkei 225, Kospi, and All Ordinaries opened lower this morning.
  • Selling pressure is still quite large on IDX Composite to test its support level at 5,930, beware of the commodities sector, resistance is at 6,045 if it manages to rebound.
BBRI

Buy on Weakness

S2 S1 Level R1 R2
3,060 3,140 3,170 3,280 3,400

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

BBTN

Sell on Strength

S2 S1 Level R1 R2
2,760 2,870 2,950 3,060 3,150

BBTN closed the session lower with shooting star pattern and open gap up with higher volume may trigger price correction.

BMRI

Buy on Weakness

S2 S1 Level R1 R2
6,550 6,825 6,950 7,175 7,425

BMRI still carried on the weak turn with the presences of several supports that could dampen the downturn.

PGAS

Hold

S2 S1 Level R1 R2
1,635 1,770 1,825 1,900 2,000

PGAS ended the trading positive in diagonal resistance area with increasing trading volume. A break above R1 may send PGAS higher to test resistance level.

* 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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