Daily Research 09 August 2017

S2 S1 IDX R1 R2
5,675.5 5,749.2   5,810.5 5,840.9 5,910.2
  • Dow Jones closed 0.15% lower at 22,085.3 levels as US President warns North Korea on the nuclear weapon the country have.
  • Regional market traded down this morning due to rising geopolitical risks.
  • IDX closed higher yesterday but it closed below strong diagonal resistance line.
  • In all we think that IDX to trade on negative territory today.
BJTM

Sell on strength

S2 S1 Level R1 R2
620 655 685 705 750

BJTM edged higher with a enough volume but with a close near its diagonal resistance that could slow down the upswing.

INDF

Sell on strength

S2 S1 Level R1 R2
7,950 8,200 8,400 8,400 8,775

INDF was in the positive territory with a bullish engulfing pattern but with the presences of resistance that could limit the positive opportunity.

LSIP

Trading buy

S2 S1 Level R1 R2
1,300 1,375 1,430 1,470 1,520

LSIP moved higher after taking deep pressure in the last several days with a bullish engulfing pattern suggesting a rebound momentum

PTBA

Sell on strength

S2 S1 Level R1 R2
12,400 13,000 13,550 14,200 15,000

PTBA moved in the negative side with a bearish engulfing pattern after unable to break its recent high that could lead to another downturn.

* This report is for informational purposes only. This report is exclusively published for the use of Kiwoom Securities clients, and may not be reproduced or distributed. While the information was collected from secure sources, Kiwoom Security does not guarantee the accuracy or reliability of the information. Kiwoom Securities bears no liability for any losses that may occur from investments based on the information provided in this report.

Advertisements

Daily Research 09 August 2017

S2 S1 IDX R1 R2
5,675.5 5,749.2   5,810.5 5,840.9 5,910.2
  • Dow Jones closed 0.15% lower at 22,085.3 levels as US President warns North Korea on the nuclear weapon the country have.
  • Regional market traded down this morning due to rising geopolitical risks.
  • IDX closed higher yesterday but it closed below strong diagonal resistance line.
  • In all we think that IDX to trade on negative territory today.
BJTM

Sell on strength

S2 S1 Level R1 R2
620 655 685 705 750

BJTM edged higher with a enough volume but with a close near its diagonal resistance that could slow down the upswing.

INDF

Sell on strength

S2 S1 Level R1 R2
7,950 8,200 8,400 8,400 8,775

INDF was in the positive territory with a bullish engulfing pattern but with the presences of resistance that could limit the positive opportunity.

LSIP

Trading buy

S2 S1 Level R1 R2
1,300 1,375 1,430 1,470 1,520

LSIP moved higher after taking deep pressure in the last several days with a bullish engulfing pattern suggesting a rebound momentum

PTBA

Sell on strength

S2 S1 Level R1 R2
12,400 13,000 13,550 14,200 15,000

PTBA moved in the negative side with a bearish engulfing pattern after unable to break its recent high that could lead to another downturn.

* This report is for informational purposes only. This report is exclusively published for the use of Kiwoom Securities clients, and may not be reproduced or distributed. While the information was collected from secure sources, Kiwoom Security does not guarantee the accuracy or reliability of the information. Kiwoom Securities bears no liability for any losses that may occur from investments based on the information provided in this report.