Daily Research 17 January 2018

S2 S1 IDX R1 R2
6,279.5 6,341.3 6,429.7 6,445.9 6,500.0
  • Dow Jones closed 10.3 point lower after intraday rally of more than 250 points as investors worried of Government shutdown as Congress needs to pass a spending bill this Friday.
  • Regional market traded negative this morning following volatile US sessions.
  • IDX closed positive yesterday, after traded sideways for several trading days, as it booked another record high levels.
  • We expect IDX to trade in negative territory today as investors tend to lock profits while negative sentiments from regional markets may also affect sentiments.
BWPT

Trading Buy

S2 S1 Level R1 R2
187 200 232 240 254

BWPT closed the session higher with long white candle pattern after break above resistance line with higher volume indicating another upside potential.

HRUM

Sell on Strength

S2 S1 Level R1 R2
2,310 2,450 2,540 2,630 2,800

HRUM was still in the positive side but with a close near its horizontal resistance that could limit the upside movement.

WSKT

Sell on Strength

S2 S1 Level R1 R2
2,400 2,560 2,650 2,670 2,800

WSKT still managed a thin upside but a close near its recent high in which suggesting potential correction.

WTON

Trading Buy

S2 S1 Level R1 R2
505 540 580 595 625

WTON closed the session higher with long white candle pattern after break above resistance line with 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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