23 May 2017

S2 S1 IDX R1 R2
5,643.5 5,697.1 5,749.4 5,850.0 5,900.0

Dow Jones closed 90 point higher at 20,894.8 levels

yesterday. EIDO closed 0.66% lower at 27.21 levels.
Regional bourses traded sideways this morning
Daily Technical Analysis

following an incident at Manchester arena (UK) linked

with terrorism.
Profit taking actions by investors pushed IDX lower as
it fail to break strong diagonal resistance line.
We expect IDX to trade lower today as investors tend
to lock their profits.

BEST Sell on Strength BNGA Sell on Strength

S2 S1 Level R1 R2 S2 S1 Level R1 R2
266 282 300 306 318 1,155 1,215 1,260 1,320 1,400

BEST was in the positive side but with a closer near its BNGA was in the negative side with a shooting star
diagonal resistance that could limit upswing. formation after fail to break above its diagonal
resistance that trend indicating a further downturn.

SMGR Trading Buy WSKT Trading Buy

S2 S1 Level R1 R2 S2 S1 Level R1 R2
8,900 9,100 9,400 9,575 9,825 2,230 2,300 2,420 2,490 2,560

SMGR ended trading positive in horizontal resistance WSKT closed the session higher above its diagonal
area with high volume. A break above horizontal resistance with increasing trading volume indicating
resistance may send SMGR higher to test resistance another upside potential.
levels.
US Market World Indices
Dow Jones 20,894.8 +90.0 All Ordinaries 5,823.3 +12.1
Nasdaq 6,133.6 +49.9 Nikkei 225 19,660.7 -17.6
TLK 33.71 IDR 4,483 Kospi 2,305.3 +1.3
IDR/US$ 13,300 FTSE 100 * 7,496.3 +25.6
DAX * 12,619.5 -19.2
US$ and regional indices above were taken at 7:45 WIBB CAC 40 * 5,322.9 -1.5
* Previous data IBEX 35 * 10,793.4 -42.0

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