Daily Research 11 August 2017

S2 S1 IDX R1 R2
5,749.3 5,780.6   5,825.9 5,865.4 5,910.2
  • Dow Jones closed 204.69 point lower at 21,844 levels on rising geopolitical risks on North Korea. Most European bourses closed lower yesterday.
  • Regional bourses opened lower this morning.
  • IDX’s candlestick formed doji pattern and closed on strong diagonal resistance line.
  • We expect IDX to trade negative today.
ASRI

Sell on strength

S2 S1 Level R1 R2
336 347 356 368 380

ASRI ended the trading in the weak side with a formation dark cloud cover suggesting a further downturn.

BJBR

Sell on Strength

S2 S1 Level R1 R2
2,400 2,610 2,840 3,040 3,280

BJBR still continue higher with a thin volume and overbought RSI trend that could limit the upside turn.

MEDC

Trading buy

S2 S1 Level R1 R2
2,260 2,500 2,820 2,940 3,150

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

PGAS

Trading Buy

S2 S1 Level R1 R2
2,020 2,130 2,210 2,260 2,370

PGAS closed the session higher above its diagonal resistance with high enough volume indicating another upside potential.

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