Daily Research 27 February 2015

Negative Market.

S2 S1 IDX R1 R2
5,400 5,417 5,451.4 5,475 5,500
  • Dow and Asian bourse traded mixed this morning which could not give positive momentum for IDX.
  • The IDX was still in the positive side to another record high as well as a still presence of foreign buying sentiment yesterday. But so, the IDX’s position getting near the overbought area would slow down the current upside rally.
  • In all we predict IDX to trade negative on possible profit taking actions on blue chips stocks.

Daily Research:

BSDE

Sell on strength

S2 S1 Level R1 R2
2,000 2,080 2,200 2,250 2,300

BSDE moved higher supported by a high enough volume but with a presence of a negative divergence at its RSI indicator in which suggesting a limited further upside movement.

PWON

Sell on strength

S2 S1 Level R1 R2
500 525 555 575 600

PWON ended the trading higher above its previous high with the support of a rather high trading volume. Nevertheless, a presence of its diagonal resistance would potentially dampen this upswing.

SGRO

Sell on strength

S2 S1 Level R1 R2
1,850 1,935 2,015 2,100 2,200

SGRO was up in a thin range but followed by a formation of a long legged doji and also a position near its diagonal resistance in which could trim the positive opportunity.

SMGR

Speculative buy

S2 S1 Level R1 R2
14,725 15,000 15,100 15,700 16,125

SMGR managed to break the horizontal resistance of an ascending triangle pattern so that could potentially create a further favorable tendency during 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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