Daily Research 15 June 2017

S2 S1 IDX R1 R2
5,590.5 5,643.5   5,792.9 5,837.2 5,900.0
  • Dow Jones closed 46.1 point higher at 21,374.56 levels while EIDO closed 1.15% higher at 27.33 levels. The Fed decided to increase Fed Fund Rate by 25 Bps on its FOMC meeting.
  • Regional bourses traded mixed this morning, clouded by lower crude oil price after US crude oil inventory data released.
  • IDX closed at all-time high on last minute trades but not supported by strong trading volume.
  • We expect IDX to trade mixed with positive tendency this morning.

Trading Buy

S2 S1 Level R1 R2
1,000 1,095 1,160 1,230 1,300

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


Sell on Strength

S2 S1 Level R1 R2
5,000 5,150 5,300 5,375 5,525

JSMR ended the trading positively in its diagonal resistance with a thin volume and overbought RSI trend that could limit the upswing.


Trading Buy

S2 S1 Level R1 R2
2,100 2,180 2,260 2,330 2,400

WIKA has a chance to continue rally after ended trading with high volume. A break above R1 may send WIKA higher to test resistance levels.


Trading Buy

S2 S1 Level R1 R2
2,180 2,250 2,350 2,420 2,500

WSKT moved rather positively supported by a high enough volume that could create the opportunity to break its resistance.

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