Daily Research 22 December 2017

S2 S1 IDX R1 R2
6,021.1 6,064.6 6,183.4 6,200.0 6,250.0
  • US and European stocks move higher after some US companies said that they would reinvest savings from lower corporate taxes into higher wages and
    construction projects.
  • Nikkei 225 opened lower this morning, while Kospi and All Ordinaries higher.
  • JCI’s movement is still in a positive momentum to continue limited gains, where overbought Stochastic and RSI can also make it vulnerable to correction this
    weekend. Support 6,120 and resistance 6,245.
ADRO

Trading Buy

S2 S1 Level R1 R2
1,710 1,775 1,870 1,900 1,955

ADRO ended trading positively after break above horizontal resistance and followed by higher volume indicating another upside potential.

ICBP

Trading Buy

S2 S1 Level R1 R2
8,775 8,925 9,075 9,200 9,300

ICBP closed the session higher after break above horizontal resistance with high enough volume indicating another upside potential.

ISAT

Hold

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

UNVR

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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