Daily Research 04 Juni 2015

Negative Market.

S2 S1 IDX R1 R2
5,075 5,100 5,130.5 5,150 5,175
  • Lack of supporting leads would not improve the sentiment.
  • The IDX was under deep pressure below its psychological level of 5,200 yesterday. A presence of its recent low would trim the downturn or vice versa..
  • Therefore, we predict that the IDX would be in the downside tendency today.

Daily Research:

BBRI

Buy on weakness

S2 S1 Level R1 R2
10,400 10,800 11,250 11,700 12,175

BBRI continued the weak trend with a break on its short term support indicating a negative potential toward its next support.

BBTN

Buy on weakness

S2 S1 Level R1 R2
1,050 1,100 1,140 1,200 1,255

BBTN still moved negatively but with a presence of its diagonal support in which expectedly could limit this downswing.

SMRA

Buy on weakness

S2 S1 Level R1 R2
1,700 1,730 1,775 1,830 1,900

SMRA remained under pres s ure with a broken support of an uptrend channel providing a negative potential.

WIKA

Speculative buy

S2 S1 Level R1 R2
2,850 3,000 3,125 3,350 3,595

WIKA ended the trading pos it iv ely with a formation of a bullish engulfing indicating a favorable potential especially if its resistance is broken up.

* 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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