Daily Research 02 January 2018

S2 S1 IDX R1 R2
6,221.0 6,277.2 6,355.0 6,400.0 6,450.0
  • European and US market traded mixed with lower tendency  last Friday as investors realized profits made last year.
  • Regional market traded mixed this morning, the first trading day this year.
  • Crude oil price stay above US$ 60 per barrel while coal also stay above US$ 100 per ton level.
  • IDX closed on its fresh new high 6,355 levels at the end of 2017 supported by foreign investor selective buy on Indonesian equities within the past 1-2 weeks. However overbought momentum indicates that IDX’s positive momentum may be limited as it vulnerable to profit taking.
  • In all we expect IDX to trade mixed.
ASII

Trading Buy

S2 S1 Level R1 R2
7,975 8,150 8,300 8,550 8,750

ASII closed the session higher with long white candle pattern and followed by higher volume indicating another upside potential.

BBTN

Sell on Strength

S2 S1 Level R1 R2
3,290 3,450 3,570 3,800 4,000

BBTN closed the session all time high with a thin volume that could limit the upswing.

LSIP

Trading Buy

S2 S1 Level R1 R2
1,235 1,270 1,420 1,440 1,475

LSIP closed the session higher with long white candle pattern and break above strong horizontal resistance with high enough volume indicating another upside potential.

UNVR

Sell on strength

S2 S1 Level R1 R2
53,000 53,500 55,900 56,500 57,000

UNVR ended the trading all time high with a thin  volume and overbought RSI trend that could limit the upswing.

* 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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