Daily Research 22 November 2017

S2 S1 IDX R1 R2
5,955.2 5,995.9 6,031.9 6,098.8 6,130
  • US stock indexes closed at new highs yesterday supported by the technology sector.
  • The Thanksgiving holiday on Thursday followed by Black Friday and Cyber Monday is expected to increase consumer spending through online shopping.
  • Nikkei 225, Kospi, and All Ordinaries opened higher this morning.
  • The weakening of JCI yesterday still restrained at MA20 support, expecting a mix movement today with opportunity to rebound. Support 5,970 and resistance 6,090.

Sell on Strength

S2 S1 Level R1 R2
3,100 3,210 3,280 3,380 3,500

BBRI moved in the negative side after failing to break its previous high so that could lead to a further down.


Sell on Strength

S2 S1 Level R1 R2
73,400 75,950 78,850 81,950 83,300

GGRM moved negatively with a bearish harami formation that could lead to a further down.


Buy on Weakness

S2 S1 Level R1 R2
358 370 376 386 404

SRIL closed the session lower near its diagonal support area 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
28,900 30,425 31,575 33,525 35,000

UNTR closed below its recent low. UNTR’s price pattern also showed a break to its short term horizontal support line and may trigger price correction.

* 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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