Daily Research 28 April 2015

Positive Market.

S2 S1 IDX R1 R2
5,150 5,200 5,245.4 5,250 5,275
  • Mixed world’s markets would not improve the sentiment.
  • The IDX took a deep correction with the break on several supports and high foreign selling actions yesterday in which could push for a further down.
  • So, we predict that the IDX would move in the negative tendency today.

Daily Research:

JPFA

Trading buy

S2 S1 Level R1 R2
500 550 575 700 750

JPFA continued the weak turn with a high volume but the RSI indicator already in the RSI oversold area suggesting a limited downside potential.

CTRA

Buy on weakness

S2 S1 Level R1 R2
1,350 1,400 1,435 1,510 1,560

CTRA ended the trading lower with a formation of a bearish engulfing pattern a high enough volume sending a further negative potential.

WIKA

Buy on weakness

S2 S1 Level R1 R2
3,000 3,150 3,370 3,500 3,650

WIKA moved negatively w it h a formation of a long black candle but the presences of several supports would expectedly trim the negative swing.

MDLN

Buy on weakness

S2 S1 Level R1 R2
490 520 525 565 585

MDLN was down quite deep with a not so high volume so that any further negative movement maybe in a limited range.

* 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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