Daily Research 07 December 2017

S2 S1 IDX R1 R2
5,915.4 5,954.7 6,035.5 6,053.0 6,098.8
  • US stocks ended mix tends to flat. Investors are still waiting for the final decision of the US Congress on the Tax Reform Bill, as well as the delayed budget discussion.
  • Nikkei 225, Kospi and All Ordinaries opened higher this morning.
  • Yesterday JCI closed slightly above its MA20 resistance. Today’s movement will still in mix direction with tendency to be positive. Support 5,975 and resistance 6,095.
JSMR

Sell on Strength

S2 S1 Level R1 R2
5,750 6,050 6,275 6,475 6,725

JSMR still carried on the weak turn with a high volume suggesting another negative potential.

MNCN

Trading Buy

S2 S1 Level R1 R2
1,200 1,290 1,345 1,410 1,485

MNCN moved positively wit an increasing trading volume suggesting another favorable potential.

SCMA

Sell on Strength

S2 S1 Level R1 R2
2,140 2,240 2,450 2,510 2,630

SCMA closed the session higher in horizontal resistance with a thin volume and overbought RSI trend that could limit the upside turn.

SMBR

Trading Buy

S2 S1 Level R1 R2
1,900 2,140 2,490 2,630 2,820

SMBR closed the trading higher with a high enough volume after on a weak trend in the last 3 days creating a technical rebound.

* 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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