Daily Research 09 February 2018

S2 S1 IDX R1 R2
6,375.0 6,478.5 6,544.6 6,589.7 6,666.8
  • European and American market closed sharply lower as investors concerns interest rates will go up.
  • Dow Jones closed 4.2% lower at 23,860 while EIDO closed 3.5% lower at 27.9.
  • Negative sentiments spread to regional markets this morning with Nikkei225 lead decline with 3.4% loss followed by Kospi which down by 2.2% and AORD which down by 1.6%.
  • Selling pressure from foreign investors, backed by negative sentiments from global markets, will add pressure to IDX today as we expect IDX to trade lower today.
    ACES                                                                           Sell on Strength
    S2 S1 Level R1 R2
    1,190 1,250 1,295 1,330 1,410

    ACES closed the session lower with a bearish engulfing formation with a high enough volume suggesting a further downturn.

    BKSL                                                                                 Trading Buy
    S2 S1 Level R1 R2
    159 171 194 200 205

    BKSL closed the session higher with long white candle pattern and followed by higher volume indicating another upside potential.

    DOID                                                                            Speculative Buy
    S2 S1 Level R1 R2
    975 1,050 1,160 1,170 1,250

    DOID has a chance to continue rally after ended trading with high volume. The rally will valid if DOID break above recent high level (R1).

    WSBP                                                                               Trading Buy
    S2 S1 Level R1 R2
    426 448 468 486 510

    WSBP managed a rebound followed by a bullish engulfing pattern suggesting another favorable potential.


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