Daily Research 03 January 2018

S2 S1 IDX R1 R2
6,221.0 6,277.2 6,339.2 6,400.0 6,450.0
  • Dow Jones closed 0.4% higher at 24,824 levels while EIDO gained 0.4% at 28.55 levels, may send some positive sentiments for the market at the open today.
  • Regional market traded slightly positive this morning.
  • IDX’s candlestick formed dark cloud cover which also looked like inverted hammer pattern, which indicated another selling pressure today to close an upside gap
    formed at the end of last year.
  • While foreign investor still buys Indonesian equities we expect the market to trade lower today as investor tend to realize profit.

Trading Buy

S2 S1 Level R1 R2
185 199 232 240 252

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


Sell on Strength

S2 S1 Level R1 R2
20,825 21,850 23,000 23,700 24,500

INTP was in the positive side with a long white candle. But, so a position near recent high would have the chance to dampen the gaining turn.


Trading Buy

S2 S1 Level R1 R2
1,620 1,655 1,730 1,745 1,775

KLBF ended the trading positively with long white candle pattern after break above diagonal resistance indicating another upside potential.


Sell on Strength

S2 S1 Level R1 R2
31,000 32,825 34,150 35,400 37,250

UNTR ended the trading weaker with a bearish engulfing formation providing another downside sign.

* 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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