Daily Research 15 January 2018

S2 S1 IDX R1 R2
6,181.9 6,279.5 6,370.1 6,445.9 6,500.0
  • Dow Jones closed 0.9% higher last Friday at fresh new high 25,803.2 levels backed by positive sentiments on US earning season.
  • Regional market opened in positive territory this morning.
  • US Dollar Index dropped below 91 trigger Rupiah appreciation and support commodity prices.
  • With stronger Rupiah, which traded at IDR 13,350 per US$ this morning, and relatively high commodity prices we expect IDX to trade mixed with positive
    tendency today
ISAT

Sell on Strength

S2 S1 Level R1 R2
5,400 5,750 6,000 6,400 6,700

ISAT ended the trading negatively with higher volume and overbought RSI trend indicating a further downturn.

KLBF

Buy on Weakness

S2 S1 Level R1 R2
1,600 1,645 1,695 1,750 1,800

KLBF still carried on the weak trend with a bearish engulfing but with the presence of its horizontal support that could expectedly limit another downside movement.

MEDC

Sell on Strength

S2 S1 Level R1 R2
965 1,025 1,095 1,125 1,180

MEDC closed the session higher in diagonal resistance with a thin volume and overbought RSI trend that could limit the upswing.

TINS

Trading Buy

S2 S1 Level R1 R2
780 840 885 940 1,000

TINS ended the session higher with a long white candle pattern and a high enough volume indicating a further 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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