Daily Research 10 August 2017

S2 S1 IDX R1 R2
5,749.3 5,780.6   5,824.0 5,865.4 5,910.2
  • Dow Jones closed 36.6 point lower at 22,048.7 levels on rising geopolitical risks triggered by North Korea’s nuclear weapon capabilities. European bourses
    closed lower yesterday.
  • Regional bourses traded slightly positive this morning after having technical correction yesterday.
  • IDX closed higher on pre-close session yesterday and closed at its strong diagonal resistance line which may trigger price correction today.
  • We expect IDX to trade on negative territory today.
MAPI

Sell on strength

S2 S1 Level R1 R2
6,150 6,450 6,700 6,800 7,200

MAPI edged higher but with a position near its rather strong horizontal resistance possibly trimming a further upside potential.

SCMA

Trading Buy

S2 S1 Level R1 R2
2,170 2,300 2,390 2,470 2,600

SCMA was in the positive side with a full white candle with a high enough volume suggesting another upside opportunity.

TINS

Trading buy

S2 S1 Level R1 R2
745 785 860 900 950

TINS closed the session higher with a long white candle pattern also supported by a high volume indicating another upside potential.

WIKA

Trading Buy

S2 S1 Level R1 R2
1,900 1,950 2,070 2,170 2,240

WIKA ended the trading positively with high enough volume indicating another upside potential.

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