Daily Research 19 April 2018

S2 S1 IDX R1 R2
6,179.4 6,244.4 6,320.0 6,410.7 6,500.8
  • Dow Jones closed 0.2% lower at 24,748 dragged by
    IBM shares. Regional market traded positive this
    morning.
  • Commodity prices traded higher as US plans trade
    sanctions to Russia. As the result crude oil rise 2.9%,
    nickel price up by 8.3% while tin price up by 2.5%
    which may support commodity sector today.
  • IDX traded higher yesterday near recent high at 6,360
    although bond market traded lower.
  • We expect IDX to trade positive today ahead of
    market speculation on good 1Q 2018 financial results.
BSDE

Trading Buy

S2 S1 Level R1 R2
1,730 1,770 1,830 1,840 1,875

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

BWPT

Sell on Strength

S2 S1 Level R1 R2
242 260 286 304 320

BWPT ended the trading negatively with higher volume and overbought RSI trend indicating a further downturn.

PGAS

Buy on Weakness

S2 S1 Level R1 R2
1,985 2,120 2,170 2,300 2,420

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

WSBP

Buy on Weakness

S2 S1 Level R1 R2
382 400 414 434 452

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

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 )

Google+ photo

You are commenting using your Google+ 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 )

Connecting to %s