Daily Research 28 November 2017

S2 S1 IDX R1 R2
5,955.2 5,995.9 6,064.6 6,098.8 6,130
  • US stock indexes closed higher yesterday, buoyed by shares of the retail trade sector, which signaled investors’ optimism about the sales of Thanksgiving and Black Friday.
  • Kospi and All Ordinaries opened higher this morning, Nikkei 225 lower.
  • JCI’s tendency to move in mix direction is expected to continue today, after yesterday re-bounced on its MA20 support. Support 6,005 and resistance 6,125.

Speculative Buy

S2 S1 Level R1 R2
7,425 7,675 7,825 8,000 8,225

INDF managed to take a slight upside turn with a bullish harami and a high volume after taking downturn lately in which could potentially create a technical rebound.


Sell on Strength

S2 S1 Level R1 R2
2,050 2,200 2,290 2,360 2,470

SCMA ended the session higher near its horizontal resistance with a low volume could slow down a further upside turn.


Trading Buy

S2 S1 Level R1 R2
48,600 49,150 50,400 50,600 51,425

UNVR closed the session higher with high enough volume indicating another upside potential.


Speculative Buy

S2 S1 Level R1 R2
575 595 600 635 665

WTON ended the trading negatively in diagonal support with a thin volume suggesting a limited downside 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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