Daily Research 01 February 2018

S2 S1 IDX R1 R2
6,444.5 6,538.0 6,605.6 6,680.6 6,750.0
  • Dow Jones closed 0.5% higher at 26,149 while EIDO closed 0.9% higher at 29.79 as the Fed leave interest rate unchanged.
  • Regional market traded sideways with positive tendency this morning.
  • Crude oil price rebound near US$ 65 per barrel expected to support IDX’s positive sentiments today.
  • IDX get a technical rebound yesterday with rising volume even though it is not close an upside gap formed in mid January.
  • We expect IDX to trade mixed with positive tendency today backed by positive sentiments from regional markets.
BBKP

Sell on Strength

S2 S1 Level R1 R2
560 590 640 645 670

BBKP moved higher considerably but with a close near its strong horizontal resistance that could trim another positive movement.

PGAS

Trading Buy

S2 S1 Level R1 R2
2,120 2,250 2,610 2,690 2,830

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

SCMA

Trading Buy

S2 S1 Level R1 R2
2,480 2,540 2,690 2,810 3,000

SCMA closed the session higher after break above horizontal resistance with higher volume indicating another upside potential.

SMBR

Sell on Strength

S2 S1 Level R1 R2
2,850 3,010 3,700 3,800 3,900

SMBR closed the session higher near its recent high with a thin volume and overbought RSI trend that could limit the upswing.

* 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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