Daily Research 20 November 2017

S2 S1 IDX R1 R2
5,988.2 6,044.3 6,051.7 6,100 6,130
  • Stock indices in the US and Europe ends lower in the weekend, after a US Treasury Secretary statement that a new Tax Reform bill would be handed over to
    President Trump ahead of year-end holidays, or slower than market expectations.
  • Nikkei 225, All Ordinaries opened lower this morning, Kospi rose.
  • IDX is likely to have a correction today after had risen to its new high in the last weekend. Support 5,990, resistance 6,110.
ASII

Sell on Strength

S2 S1 Level R1 R2
7,825 8,050 8,200 8,350 8,525

ASII ended the trading weaker with a bearish engulfing formation providing another downside sign.

INCO

Speculative Buy

S2 S1 Level R1 R2
2,800 2,950 2,970 3,100 3,260

INCO closed the session lower in diagonal support  area with a thin volume and a presence of its several support levels that could dampen a further downside movement.

ISAT

Speculative Buy

S2 S1 Level R1 R2
5,200 5,400 5,525 5,750 6,000

ISAT ended trading negatively in diagonal support area with a thin volume and oversold RSI trend that could dampen a further downside movement.

SCMA

Trading Buy

S2 S1 Level R1 R2
1,950 2,050 2,130 2,240 2,360

SCMA was in the positive side followed by a full white candle and higher volume indicating a still favorable 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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