Daily Research 16 Juni 2015

Negative Market.

S2 S1 IDX R1 R2
4,750 4,800 4,837.7 4,850 4,899
  • Still weak Dow Jones and mixed regional markets would not send in any support.
  • The IDX still the pressure with the break over its psychological level of 4,900 yesterday. An oversold tendency and a low foreign selling sentiment would expectedly slow down this downswing.
  • So, we predict that the IDX would still be in the downside tendency today.

Daily Research:

ASRI

Buy on weakness

S2 S1 Level R1 R2
460 480 505 525 540

ASRI still continued the weak trend to a lower low and a break on its diagonal support indicating a further negative sign.

CTRA

Buy on weakness

S2 S1 Level R1 R2
1,100 1,150 1,205 1,250 1,300

CTRA was still under pressure with a long black candle and a close below its previous low in which creating a negative potential.

ICBP

Buy on weakness

S2 S1 Level R1 R2
12,000 12,400 12,700 13,000 13,500

ICBP ended the trading lower followed by a bearish engulfing pattern sending a negative sign especially if its support is broken down.

MPPA

Buy on weakness

S2 S1 Level R1 R2
3,000 3,150 3,295 3,450 3,550

MPPA remained in the nega ti ve side yesterday. A weak potential would remain possible if its support is broken down further.

* 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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