Daily Research 10 January 2018

S2 S1 IDX R1 R2
6,181.9 6,279.5 6,373.1 6,445.9 6,500.0
  • European and American market traded higher with Dow Jones up 102.8 points at fresh new high 25,385.8. Regional market traded flat today as investors tend to realize profits.
  • Crude oil settled higher at US$ 63.4 per barrel even though US Dollar Index increased slightly.
  • IDX’s candlestick formed “dark cloud cover” yesterday which may indicate potential correction today.
  • In all we expect IDX to trade lower today to test its support levels.
GGRM

Sell on Strength

S2 S1 Level R1 R2
76,000 78,400 81,600 84,775 87,000

GGRM was on the weak side followed by a long black candle indicating a still weak potential.

ISAT

Sell on Strength

S2 S1 Level R1 R2
4,750 5,000 5,475 5,610 6,000

ISAT closed the session higher near its diagonal resistance with a thin volume and overbought RSI trend that could limit the upswing.

PTPP

Sell on Strength

S2 S1 Level R1 R2
2,575 2,670 2,730 2,780 2,900

PTBA was still in positive side but with a close near its recent high that could limit the upside movement.

SMGR

Sell on Strength

S2 S1 Level R1 R2
10,500 10,750 11,200 11,280 11,500

SMGR ended the trading positively after break above resistance with a thin volume and overbought RSI trend that could limit the upside turn.

* 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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