Daily Research 21 April 2015

Positive Market.

S2 S1 IDX R1 R2
5,350 5,374 5,400.8 5,420 5,447
  • A favorable Dow Jones and several regional bourses would expectedly improve the sentiment.
  • The IDX again moved lower followed by resuming foreign selling interest yesterday. But so, a presence of a doji would indicate a not so high negative momentum.
  • So, we predict that the IDX would be in the positive side today.

Daily Research:

RALS

Sell on strength

S2 S1 Level R1 R2
780 805 825 840 865

RALS edged higher but with a low volume nearing its horizontal resistance so that could limit any positive opportunity.

KIJA

Speculative buy

S2 S1 Level R1 R2
285 295 306 315 330

KIJA was in the negative side but with a doji formation and a position near a support in which could create a rebound potential.

WTON

Buy on weakness

S2 S1 Level R1 R2
1,155 1,185 1,195 1,270 1,315

WTON took a weak turn w i th a low volume near its horizontal support in which suggesting a limited downside potential.

SMGR

Sell on strength

S2 S1 Level R1 R2
13,000 13,300 13,750 14,100 14,600

SMGR moved relatively dow n after taking an upswing recently. A formation of a hammer near a resistance would create a negative sign.

* 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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