Daily Research 29 November 2017

S2 S1 IDX R1 R2
5,955.2 5,995.9 6,070.7 6,098.8 6,130
  • US stock indexes closed higher yesterday, the US Senate Budget Committee has approved the Tax Reform Bill for a voting session tomorrow.
  • This morning North Korea launched a missile that reached the sea of Japan.
  • Nikkei 225, Kospi, and All Ordinaries opened higher this morning.
  • JCI’s tendency to move in mix direction is expected to continue today, after in the last three trading sessions have bounced on its MA20 support. Support 6,010 and resistance 6,130.
BBTN

Trading Buy

S2 S1 Level R1 R2
2,940 3,060 3,180 3,250 3,340

BBTN closed the session higher after break above horizontal resistance with high enough volume indicating another upside potential.

HMSP

Sell on Strength

S2 S1 Level R1 R2
4,100 4,220 4,380 4,445 4,550

HMSP moved higher followed by an increasing volume but with the presences of several strong resistance that could limit upswing.

INTP

Trading Buy

S2 S1 Level R1 R2
17,275 18,350 19,200 20,050 21,300

INTP closed the session higher with a long white candle pattern also supported by a high volume indicating another upside potential.

MEDC

Sell on Strength

S2 S1 Level R1 R2
815 865 965 1,000 1,040

MEDC ended the trading positively with higher volume however overbought RSI trend that could limit the upswing.

* 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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