Daily Research 18 September 2017

 

S2 S1 IDX R1 R2
5,749.3 5,809.3   5,872.4 5,914.0 5,950
  • European market traded lower after London incident while Dow Jones closed 0.3% higher and booked fresh new high at 22,268.3 last Friday.
  • EIDO closed 1.1% higher at 26.99 level last Friday. Regional market traded positive this morning.
  • IDX closed at its horizontal resistance line at the end of last week, while positive momentum may send IDX higher to reach all-time high at 5,915 levels.
  • In all we expect IDX to trade in positive territory today.
ADRO

Trading Buy

S2 S1 Level R1 R2
1,630 1,715 1,775 1,835 1,900

ADRO moved higher after taking deep pressure in the last several days with a hammer pattern suggesting a rebound momentum.

JPFA

Trading Buy

S2 S1 Level R1 R2
1,000 1,075 1,185 1,210 1,295

JPFA closed the session higher with a long white  candle pattern and followed by high enough volume indicating another upside potential.

UNTR

Sell on Strength

S2 S1 Level R1 R2
28,700 30,000 31,050 31,975 32,900

UNTR managed a rather positive turn with a high volume but the presence of a recent high that could limit the current upswing.

UNVR

Sell on Strength

S2 S1 Level R1 R2
49,100 50,500 50,925 52,000 52,500

UNVR ended the trading negatively with high enough volume after fail to break above its diagonal resistance indicating a further 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.

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