Daily Research 24 April 2015

Negativ Market.

S2 S1 IDX R1 R2
5,400 5,420 5,436.2 5,475 5,500
  • Dow Jones and regional bourses traded mixed this morning, cannot send positive sentiment to IDX.
  • IDX Candlestick formed an inverted hammer pattern which closed near strong diagonal support line. A break below the line may trigger major correction.
  • In all we predict IDX to trade mixed with negative tendency today.

Daily Research:


Buy on weakness

S2 S1 Level R1 R2
3,650 3,850 4,020 4,120 4,400

PTPP moved lower with a formation of a dark cloud cover suggesting a further downside movement.


Take profit

S2 S1 Level R1 R2
640 655 680 710 745

DILD edged higher with a formation of a shooting star yesterday indicating a correction potential.


Sell on strength

S2 S1 Level R1 R2
38,000 40,000 41,750 42,000 44,000

UNVR continued the upsw i n g with its RSI indicator near the overbought area so that another positive movement maybe in a limited range.


Buy on weakness

S2 S1 Level R1 R2
12,500 13,000 13,550 14,000 14,500

SMGR ended the trading low er after failing to stay near its resistance in which could lead to a negative potential.

* 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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