Daily Research 21 Mei 2015

Negative Market.

S2 S1 IDX R1 R2
5,246 5,269 5,292.7 5,325 5,350
  • Mixed global markets movement would affect the trading direction.
  • The IDX again edged higher but only followed by an evening doji star yesterday providing an early sign of reversal potential.
  • So, we predict that the IDX would be in the negative side today.

Daily Research:

ADHI

Sell on strength

S2 S1 Level R1 R2
2,600 2,700 2,825 3,000 3,125

ADHI was still in the positive side but with a formation of a doji and a presence of a resistance which could limit the upswing.

ASRI

Sell on strength

S2 S1 Level R1 R2
605 630 655 690 730

ASRI moved positively yesterday. But so, a short term resistance would possibly dampen the upside potential.

BMRI

Sell on strength

S2 S1 Level R1 R2
10,500 11,000 11,275 11,400 12,000

BMRI continued its upside t re nd but followed by a long legged doji indicating a slower upside momentum.

SMRA

Buy on weakness

S2 S1 Level R1 R2
1,830 1,875 1,930 2,000 2,100

SMRA ended the trading low e r with a bearish engulfing so that could give a further 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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