Daily Research 29 January 2018

S2 S1 IDX R1 R2
6,444.5 6,538.0 6,660.6 6,700.0 6,750.0
  • Dow Jones closed 224 point higher at new record high 26,616.7 backed by strong US corporate earnings.
  • Regional market traded positive this morning.
  • Rupiah appreciation combined with relatively high energy prices expected to support IDX which currently traded in overbought territory.
  • In all we expect IDX to trade mixed with positive tendency today, as the market is vulnerable to profit taking actions.
APLN

Trading Buy

S2 S1 Level R1 R2
199 216 240 252 262

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

KLBF

Buy on Weakness

S2 S1 Level R1 R2
1,645 1,680 1,695 1,730 1,775

KLBF still carried on the weak turn with presence of several supports that could dampen the downturn.

SMGR

Hold

S2 S1 Level R1 R2
10,750 11,200 11,600 11,750 12,250

SMGR ended the trading positive in horizontal resistance area with increasing trading volume. A break above recent high may send SMGR higher to test resistance level.

SSIA

Trading Buy

S2 S1 Level R1 R2
460 496 550 585 610

SSIA 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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