Daily Research 23 January 2018

S2 S1 IDX R1 R2
6,279.5 6,371.2 6,500.5 6,550.0 6,600.0
  • Short term compromise among US Senate members allows US Government to resume operations until 8 February 2018. Dow Jones climbed 142.9 points closed at 26,214.6 levels.
  • Regional market opened positive today backed by positive sentiments from Dow.
  • IDX’s candlestick formed inverted hammer pattern, closed at fresh new high.
  • We expect IDX to trade mixed with negative tendency today as the market vulnerable to profit taking actions
ASII

Sell on Strength

S2 S1 Level R1 R2
7,900 8,100 8,250 8,350 8,550

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

INDF

Trading Buy

S2 S1 Level R1 R2
7,700 7,900 8,075 8,150 8,325

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

SSIA

Trading Buy

S2 S1 Level R1 R2
460 496 535 550 585

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

WIKA

Buy on Weakness

S2 S1 Level R1 R2
1,770 1,870 1,935 1,990 2,070

WIKA moved during the last several days but with the presences of several supports that could slow down the downturn.

* 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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