Daily Research 15 February 2018

S2 S1 IDX R1 R2
6,375.0 6,478.5 6,594.4 6,666.8 6,750.0
  • Strong US inflation data raising concerns of rising US interest rates as US Government treasury bond yield lifts.
  • However Dow Jones managed to closed 1% higher at 24,893.5 while EIDO  increased by 0.8% at 29.65, expected to support IDX’s positive momentum this morning.
  • Some regional market such as South Korea and HongKong closed today to celebrate Chinese New Year.
  • We expect IDX to trade mixed today as investors tend to realize profits ahead of long Chinese New Year holiday weekend.
BRPT

Speculative Buy

S2 S1 Level R1 R2
2,220 2,380 2,480 2,580 2,720

BRPT took an upside turn with a bullish engulfing pattern supported by a high volume indicating another favorable potential.

KRAS

Trading Buy

S2 S1 Level R1 R2
412 456 535 565 610

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

MIKA

Trading Buy

S2 S1 Level R1 R2
1,850 1,900 2,060 2,110 2,200

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

PGAS

Trading Buy

S2 S1 Level R1 R2
2,200 2,370 2,500 2,610 2,860

PGAS ended the trading positively with a long white candle pattern suggesting another favorable potential.

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