Daily Research 04 December 2017

S2 S1 IDX R1 R2
5,886.4 5,927.9 5,952.1 6,031.5 6,081.4
  • US and European stock indices ended lower on the weekend.
  • Former President Trump’s security adviser Michael Flynn will testify that he was once directed to establish relations with Russia.
  • Nikkei 225 index opened lower this morning, Kospi and All Ordinaries higher.
  • Although there is a chance of IDX rebound after a sharp decline, but be wary of negative global sentiment. Support 5,895 and resistance 6,015.
AALI

Sell on Strength

S2 S1 Level R1 R2
13,500 13,700 13,850 14,150 14,500

AALI closed below its recent low. AALI’s price pattern also showed a break to its short term diagonal support line which ends its short term uptrend channel. ASII may trade lower to test its support levels.

ASII

Sell on Strength

S2 S1 Level R1 R2
7,625 7,825 7,975 8,300 8,800

ASII was on the weak side followed by a long black candle indicating a still weak potential.

GGRM

Sell on Strength

S2 S1 Level R1 R2
74,000 75,700 76,525 79,800 81,300

GGRM ended the trading negatively after break below horizontal support with higher volume indicating a further downturn.

KLBF

Sell on Strength

S2 S1 Level R1 R2
860 925 1,025 1,045 1,095

KLBF moved lower during the last several days but with presences of its horizontal support that could limit the weak turn.

* 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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