Daily Research 05 December 2017

S2 S1 IDX R1 R2
5,886.4 5,927.9 5,998.2 6,031.5 6,081.4
  • Dow Jones ended higher after the US Senate passed the Tax Reform Bill, but the S&P 500 and Nasdaq ended lower as tech stocks slid.
  • Nikkei 225, Kospi and All Ordinaries opened lower this morning.
  • JCI yesterday rebounded from a sharp decline at the weekend but still not able to penetrate its MA20 resistance. Support 5,940 and resistance 6,055.
ADRO

Sell on Strength

S2 S1 Level R1 R2
1,680 1,735 1,775 1,820 1,900

ADRO edged higher with a high enough volume but with the presence of several resistance that could limit the upswing.

BBTN

Sell on Strength

S2 S1 Level R1 R2
3,030 3,150 3,290 3,300 3,400

BBTN closed the session higher near all time high with a thin volume and overbought RSI trend that could limit the upside turn.

CPIN

Buy on Weakness

S2 S1 Level R1 R2
2,670 2,800 2,820 3,030 3,130

CPIN ended the trading negatively near horizontal support with a thin volume and near oversold RSI trend suggesting a limited downside potential.

ELSA

Sell on Strength

S2 S1 Level R1 R2
346 376 394 414 440

ELSA closed the session higher but with the presences of several strong resistance 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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