Daily Research 19 Mei 2015

Negative Market.

S2 S1 IDX R1 R2
5,205 5,227 5,237.8 5,246 5,275
  • Mixed regional markets would affect the trading direction.
  • The IDX moved in the positive side but with a resuming foreign selling sentiment yesterday in which could slow down any positive potential.
  • Therefore, we predict that the IDX would be in the positive side today.

Daily Research:

INCO

Sell on strength

S2 S1 Level R1 R2
3,150 3,300 3,470 3,600 3,750

INCO continued the upside movement but entering the overbought trend and also a presence of its diagonal resistance that could trim this upswing.

ITMG

Sell on strength

S2 S1 Level R1 R2
14,000 14,500 15,000 15,500 16,000

ITMG moved relatively down with a position still near its diagonal resistance that could push for a further down.

KIJA

Sell on strength

S2 S1 Level R1 R2
270 280 295 315 330

KIJA again moved positively. But so, the presences of several resistances and a doji pattern would dampen the current upside turn.

MPPA

Sell on strength

S2 S1 Level R1 R2
3,750 3,850 3,995 4,170 4,470

MPPA ended the trading lower with a position remaining near its diagonal resistance in which could push another downside movement.

* 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.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s