Daily Research 20 March 2018

S2 S1 IDX R1 R2
6,167.7 6,251.5 6,289.6 6,371.2 6,456.9
  • Dow Jones closed 1.3% lower at 24,611 triggered by Caterpillar stock while Nasdaq closed 1.8% lower dragged by Facebook stock as reports showed there is ways to collect user profiles without their consent.
  • Regional market opened lower with Nikkei lead decline with 0.9% correction this morning.
  • IDX traded lower yesterday as foreign investors remained net seller at the IDX.
  • We expect IDX to trade lower today.
AKRA

Hold

S2 S1 Level R1 R2
5,625 5,900 6,100 6,200 6,450

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

BMTR

Trading Buy

S2 S1 Level R1 R2
515 550 580 600 630

BMTR closed the session higher with bullish harami pattern and followed by high enough volume indicating another upside potential.

HMSP

Sell on Strength

S2 S1 Level R1 R2
3,900 4,110 4,270 4,400 4,600

HMSP closed the session lower with a dark cloud cover formation with a high enough volume suggesting a further downturn.

WSBP

Buy on Weakness

S2 S1 Level R1 R2
378 400 406 425 448

WSBP ended the trading negatively near diagonal support area with a thin volume and oversold RSI trend suggesting a limited downside potential

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