Daily Research 11 December 2017

S2 S1 IDX R1 R2
5,915.4 5,954.7 6,031.0 6,053.0 6,098.8
  • US stocks moved higher on the weekend after Non  Farm Payroll data showed growth above expectations.
  • Britain and the EU finally agreed on the initial terms of the separation.
  • Nikkei 225, Kospi and All Ordinaries opened higher this morning.
  • Although still tend to sideways, but JCI movement has started to show positive momentum to try to rise above its MA20 resistance. Support 5,945 and resistance 6,065.

Sell on Strength

S2 S1 Level R1 R2
8,100 8,400 8,850 9,000 9,200

BBNI closed the session all time high with a high  enough volume but overbought RSI trend that could limit the upside turn.


Trading Buy

S2 S1 Level R1 R2
1,100 1,150 1,190 1,230 1,275

CTRA moved in the positive side followed by a bullish engulfing indicating another favorable opportunity.


Sell on Strength

S2 S1 Level R1 R2
1,460 1,610 1,675 1,715 1,825

PGAS kept moving higher but with the presence of several resistance that could limit the current upswing.


Trading Buy

S2 S1 Level R1 R2
488 500 550 560 575

SIDO ended the trading positively after break above horizontal resistance with higher volume indicating another upside potential.

* 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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