Daily Research 12 June 2017


S2 S1 IDX R1 R2
5,590.5 5,643.5   5,675.5 5,770.6 5,837.2
  • Dow Jones closed 89.4 point higher at all-time high 21,271.97 levels as market digests former FBI Director’s testimony with the Senate.
  • EIDO closed 1.2% lower at 26.66 last Friday.
  • IDX closed below strong diagonal support line, which also breaks below its recent low level, as foreign investors realized profits.
  • We expect IDX to trade in negative territory today.

Buy on Weakness

S2 S1 Level R1 R2
16,550 17,075 17,700 18,500 19,000


BBCA closed the session lower near diagonal support with a thin volume that could dampen a further downside movement.


Buy on Weakness

S2 S1 Level R1 R2
2,200 2,290 2,340 2,430 2,540


PGAS still carried on the downside turn but only with a thin volume so that any further downturn maybe in a limited range.


Trading Buy

S2 S1 Level R1 R2
8,600 8,900 9,375 9,575 9,825


SMGR ended the trading positively followed with a high volume indicating another upside potential.


Sell on Strength

S2 S1 Level R1 R2
44,900 46,175 47,550 48,000 50,025

UNVR edged higher nearing its horizontal resistance on Friday in which suggesting that another upside movement maybe in a limited range.

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