Daily Research 14 February 2018

S2 S1 IDX R1 R2
6,375.0 6,478.5 6,578.2 6,666.8 6,750.0
  • Dow Jones closed 0.16% higher at 24,640 with EIDO climbed 1.8% at 29.4.
  • Regional market traded slightly positive this morning ahead of Chinese New Year holiday.
  • IDX on a technical rebound with strong trading volume, however it opened an upside gap which make it vulnerable to profit taking actions.
  • We expect IDX to trade mixed with positive tendency today.
ERAA

Trading Buy

S2 S1 Level R1 R2
815 850 925 950 980

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

PTBA

Trading Buy

S2 S1 Level R1 R2
2,910 3,055 3,270 3,430 3,550

PTBA closed the session higher with long white candle pattern after on a weak trend in the last five days creating a technical rebound.

SMGR

Speculative Buy

S2 S1 Level R1 R2
9,900 10,275 10,525 10,735 11,150

SMGR closed the session higer and higher volume after on a weak trend in the few days suggesting another favorable potential.

TLKM

Speculative Buy

S2 S1 Level R1 R2
3,910 3,980 4,040 4,090 4,190

TLKM moved higher with long white candle formation supported by a high enough volume in which could lead to another favorable opportunity.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s