Daily Research 13 July 2016

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positive Market.

S2 S1 IDX R1 R2
 5,050 5,069 5,099.5 5,125 5,150
  • Global markets still on upside tendencies would maintain the market’s sentiment.
  • The IDX still carried on the upside movement supported by strong foreign buying actions yesterday. Bur so, a doji star firmation and an overbought trend would push for profit taking potential.
  • Therefore, we predict that the IDX would be in the positive side today.

Daily Research:

 BBRI

Sell on strength

S2 S1 Level R1 R2
10,625 11,100 11,500 11,725 12,300

BBRI still moved up in a thin range but only with a doji pattern and an open gap suggesting a correction potential.

CTRP

Buy on weakness

S2 S1 Level R1 R2
530 560 570 630 665

CTRP ended the trading weaker near its diagonal support with a high enough volume that could lead to another downturn.

GJTL

Sell on strength

S2 S1 Level R1 R2
910 1,000 1,050 1,080 1,125

GJTL closed the session positively with an overbought RSI trend that could potentially dampen the upswing.

SMBR

Trading buy

S2 S1 Level R1 R2
585 630 680 710 760

SMBR edged higher quite considerably with the break on its recent high signaling a further upside opportunity.

* 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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