Daily Research 26 January 2018

S2 S1 IDX R1 R2
6,444.5 6,538.0 6,615.3 6,650.0 6,700.0
  • Dow Jones closed 140.7 point higher backed by strong Caterpillar and 3M FY2017 earnings.
  • US Dollar index traded around 89 levels, support energy prices while Rupiah traded around Rp 13,287 per US$ this morning.
  • IDX’s candlestick formed hammer pattern near recent high which make it vulnerable to profit taking actions.
  • We expect IDX to trade mixed with negative tendency today as investors tend to lock profits.

Sell on Strength

S2 S1 Level R1 R2
775 810 845 875 925

ANTM managed an upside turn but with a close near its horizontal resistance that could limit the upside opportunity.


Trading Buy

S2 S1 Level R1 R2
2,050 2,200 2,310 2,440 2,500

BRPT closed the session higher with bullish engulfing pattern after break above its horizontal resistance with high enough volume indicating another upside potential.


Sell on Strength

S2 S1 Level R1 R2
3,230 3,430 3,660 3,750 3,900

INCO closed the session higher with high enough volume but with an open gap up and overbought RSI trend that could limit the upswing.


Buy on Weakness

S2 S1 Level R1 R2
5,450 5,625 5,700 6,150 6,300

JSMR ended the trading negatively with a long black candle pattern and high enough volume but a presence of its several support levels that could dampen a further downside movement.

* 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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