Daily Research 08 December 2017

S2 S1 IDX R1 R2
5,915.4 5,954.7 6,006.8 6,053.0 6,098.8
  • US stock indexes moved higher after President Trump revealed plans to announce infrastructure spending.
  • Investors are also still waiting for the continuation of the discussion of the Tax Reform Bill and the state budget to avoid government shutdown after this weekend.
  • Nikkei 225, Kospi and All Ordinaries opened higher this morning.
  • JCI failed to maintain the strengthening and ended under its MA20 support. Although there is a chance of rebound but the movement today will still tend to mix. Support 5,945 and resistance 6,065.
BBRI

Sell on Strength

S2 S1 Level R1 R2
3,140 3,280 3,380 3,460 3,560

BBRI was in the negative side followed by a dark cloud cover pattern indicating a further downside potential.

BBTN

Sell on Strength

S2 S1 Level R1 R2
3,150 3,300 3,550 3,600 3,700

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

CPIN

Trading Buy

S2 S1 Level R1 R2
2,820 2,920 3,020 3,130 3,270

CPIN moved higher supported by a high enough volume that could lead to another positive movement today.

ISAT

Speculative Buy

S2 S1 Level R1 R2
4,600 4,800 4,910 5,200 5,400

ISAT ended the trading negatively in diagonal support with a thin volume and overbought RSI trend that could dampen a further downside movement.

* 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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