Daily Research 08 January 2018

S2 S1 IDX R1 R2
6,109.5 6,181.9 6,353.7 6,366.1 6,445.9
  • Dow Jones closed 0.9% higher at fresh new high 25,295.9 levels backed by positive sentiment over US tax reform. EIDO climbed 1.2% closed at 28.98 levels
    last Friday.
  • Regional market opened positive this morning.
  • Lower US Dollar Index support Rupiah appreciation and commodity prices.
  • IDX on a technical rebound last Friday which closed near its all-time high level.
  • In all we expect IDX to trade positive today to test its recent high and its resistances.
BBNI

Sell on Strength

S2 S1 Level R1 R2
8,750 9,100 9,300 9,525 9,850

BBNI took a negative step followed by a formation of a long black candle yesterday suggesting a further weak sign.

HRUM

Trading Buy

S2 S1 Level R1 R2
2,140 2,260 2,360 2,430 2,510

HRUM ended the session higher with a long white candle and a strong volume suggesting a favorable potential.

INCO

Sell on Strength

S2 S1 Level R1 R2
2,870 3,000 3,170 3,260 3,400

INCO ended the trading positively near resistance area with a thin volume and overbought RSI trend that could limit the upswing.

PTBA

Trading Buy

S2 S1 Level R1 R2
2,350 2,440 2,610 2,655 2,735

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

* 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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