Daily Research 21 December 2017

S2 S1 IDX R1 R2
6,005.1 6,052.5 6,109.4 6,167.6 6,200.0
  • US stocks move lower after US Parliament finally passes Tax Reform Law.
  • Tonight global investors will still be waiting for US GDP growth data.
  • Nikkei 225, Kospi, and All Ordinaries opened lower this morning.
  • JCI momentum is still positive especially after Fitch’s upgrading of Indonesia’s rating this morning, despite a deep correction yesterday but still felt quite
    reasonable. Support 6,050 and resistance 6,170.

Buy on weakness

S2 S1 Level R1 R2
2,820 2,950 3,110 3,270 3,400

CPIN moved lower but with the presences of several supports that could dampen the downturn.


Sell on strength

S2 S1 Level R1 R2
4,110 4,320 4,450 4,550 4,700

HMSP was in the negative side with a bearish engulfing formation and a high volume suggesting another weak potential.



S2 S1 Level R1 R2
4,600 4,800 4,850 5,000 5,200

ISAT moved lower during the last several days but with presence of its horizontal support. A further downside would rem


Sell on strength

S2 S1 Level R1 R2
50,000 51,100 53,000 54,100 56,000

UNVR moved in the negativ e side after failing to break its previous high so that could lead to a further down

* 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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