Daily Research 15 December 2017

S2 S1 IDX R1 R2
6,021.1 6,055.9 6,113.7 6,120.0 6,150.0
  • US and European stocks move lower after several US Republican senators expressed disagreement with the Tax Reform Bill.
  • Kospi opened higher this morning, while Nikkei 225 and All Ordinaries lower.
  • JCI managed to close at its new highs along with global market after Fed rate increase.
  • Watch out for profit taking today, support at 6,050 and resistance 6,170. Bank Indonesia yesterday kept RR Rate at 4.25%.
KLBF

Trading Buy

S2 S1 Level R1 R2
1,590 1,640 1,695 1,730 1,775

KLBF closed the session higher after break above its diagonal resistance with a high enough volume indicating another upside potential.

PTPP

Trading Buy

S2 S1 Level R1 R2
2,290 2,460 2,620 2,720 2,830

PTPP ended the trading positively with high enough volume indicating another upside potential.

SMGR

Sell on Strength

S2 S1 Level R1 R2
9,350 9,700 9,950 10,150 10,500

SMGR still moved up but with a close horizontal resistance that could limit gain.

ITMG

Buy on Weakness

S2 S1 Level R1 R2
19,450 20,250 20,775 22,200 23,000

ITMG ended the trading negatively near its diagonal support area with a thin volume suggesting a limited downside 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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