Daily Research 06 March 2018

S2 S1 IDX R1 R2
6,429.7 6,505.2 6,550.6 6,635.3 6,689.3
  • European and US market traded positive with Dow Jones climbed 1.4% at 24,874 as worries on trade war ease.
  • Regional market opened positive this morning with Nikkei 225 lead with 2% gain.
  • IDX closed lower yesterday break short term diagonal support line which make it vulnerable to downside risks.
  • In all we expect IDX to trade mixed with positive tendency today supported by rebound in regional market.
BMRI

Sell on Strength

S2 S1 Level R1 R2
7,850 8,050 8,225 8,425 8,700

BMRI took a weak turn after break below diagonal support indicating a further downturn.

PTPP

Sell on Strength

S2 S1 Level R1 R2
2,830 2,910 3,020 3,225 3,310

PTPP ended the trading negatively after break below short term diagonal support with high enough volume indicating a further downturn.

PWON

Sell on Strength

S2 S1 Level R1 R2
655 670 685 695 715

PWON was in the positive territory but with a position its horizontal resistance that could limit the upside opportunity.

SCMA

Buy on Weakness

S2 S1 Level R1 R2
2,540 2,620 2,720 2,800 2,860

SCMA ended the trading negatively near diagonal support with a thin volume suggesting a limited downside potential.

Leave a comment