Daily Research 27 January 2017

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S2 S1 IDX R1 R2
5,271 5,293   5,317.6 5,350 5,375
  • Dow Jones closed on a fresh new high, send some positive sentiments for Asian bourses this morning.
  • The IDX moved positively with a close above the psychological level of 5,300 and the breaks on resistances yesterday that could lead to a further upside opportunity.
  • We expect IDX to trade mixed with positive tendency today.
INTP

Sell on strength

S2 S1 Level R1 R2
14,500 15,075 15,575 16,000 16,700

INTP moved higher followed by an increasing volume but with the presences of several strong resistances that could limit the upswing.

PTBA

Buy on weakness

S2 S1 Level R1 R2
9,350 10,375 10,800 11,425 12,375

PTBA remained in the weak trend during 7 days in a row. But so, its long term horizontal support would slow down another upside turn.

RALS

Sell on strength

S2 S1 Level R1 R2
1,230 1,290 1,370 1,410 1,450

RALS ended the trading positively with a high enough volume but with a close near its diagonal resistance and near overbought RSI trend that could dampen a further upside potential.

SMGR

Sell on strength

S2 S1 Level R1 R2
8,750 9,050 9,200 9,450 9,700

SMGR closed the session in the positive side near its diagonal resistance with a lack of volume suggesting a limited upside potential.

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