Daily Research 28 December 2017

S2 S1 IDX R1 R2
6,129.5 6,183.4 6,277.2 6,300.0 6,350.0
  • US stocks moved higher after commodity prices such as crude oil and copper are significantly strengthened.
  • Nikkei 225 opened lower this morning, while Kospi and All Ordinaries are higher.
  • Momentum is still positive towards the end of year although some indicators have been overbought however managed to deliver JCI to its new high level yesterday. Support 6,215 and resistance 6,340.

Trading Buy

S2 S1 Level R1 R2
326 348 380 394 414

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


Buy on Weakness

S2 S1 Level R1 R2
2,290 2,480 2,530 2,690 2,850

PTPP still carried on the weak turn with presences of several supports that could dampen the downturn.


Sell on Strength

S2 S1 Level R1 R2
3,020 3,170 3,490 3,510 3,640

SMBR ended the trading positively with a thin volume and overbought RSI trend that could limit the upswing.


Sell on strength

S2 S1 Level R1 R2
450 482 505 525 560

SSIA managed an upside turn but with a close near its horizontal resistance that could limit the upside opportunity.

* 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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