Daily Research 16 Mei 2018

S2 S1 IDX R1 R2
5,699.3 5,774.7 5,838.1 6,070.7 6,183.4
  • Dow Jones closed 0.8% lower at 24,706 as US Treasury yield rise to 3.06% this morning.
  • Sentiment on rising global treasury yield cap positive momentum as regional market traded lower this morning.
  • IDX down to test recent low level at 5,774.
  • We expect IDX to trade lower on concerns of rising global interest rates while EIDO also closed 3.8% lower at 24.21, may add pressure to IDX at the opening.
INCO

Sell on Strenght

S2 S1 Level R1 R2
3,200 3,375 3,500 3,660 3,860

INCO was on an upside turn with presence of resistance that could limit the positive opportunity.

JPFA

Sell on Strength

S2 S1 Level R1 R2
1,515 1,560 1,610 1,650 1,700

JPFA closed the session higher near recent high with a thin volume that could limit the upswing.

SSMS

Trading Buy

S2 S1 Level R1 R2
950 1,000 1,115 1,160 1,250

SSMS closed the trading higher with a strong volume after on a weak trend in the last several days creating a technical rebound.

UNTR

Trading Buy

S2 S1 Level R1 R2
31,650 33,625 34,700 35,800 37,900

UNTR closed the session lower with bearish engulfing pattern indicating a further downturn.

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