Daily Research 18 December 2014

Positive Market.

S2 S1 IDX R1 R2
4,962 5,000 5,035.6 5,053 5,074
  • A positive Dow Jones and regional bourses would send in the favorable support.
  • The IDX moved relatively higher yesterday after taking deep pressure in the last several days. But so, still presences of foreign selling actions would have the chance to trim the gaining turn.
  • Accordingly, we predict that the IDX would be in the positive side today.

Daily Research:

BMRI

Sell on strength

S2 S1 Level R1 R2
10,125 10,325 10.600 10,750 11,000

BMRI edged higher significantly on Wednesday but not followed by a high trading volume in which suggesting that any further positive movement maybe in a limited range.

SGRO

Speculative buy

S2 S1 Level R1 R2
1,930 2,000 2,065 2,150 2,245

SGRO ended the trading in a flat range with a doji formation and a position near its diagonal support in which expectedly could induce buying interest on these shares.

KLBF

Speculative buy

S2 S1 Level R1 R2
1,605 1,680 1,725 1,790 1,830

KLBF again moved lower followed by a decreasing volume yesterday. Nonetheless, KLBF’s position near the lower band of an uptrend channel would potentially dampen this current downswing.

LPKR

Speculative buy

S2 S1 Level R1 R2
940 990 995 1,070 1,130

LPKR continued the weak movement with a presence of a doji formation on Wednesday so that could possibly create a rebound opportunity in the next session.

* 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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