Daily Research 23 Juni 2015

Negative Market.

S2 S1 IDX R1 R2
4,899 4,935 4,959.2 4,975 5,000
  • A positive Dow Jones as well as the global markets would expectedly improve the sentiment.
  • The IDX took a correction with a dark cloud cover formation yesterday indicating a further downside sign.
  • Therefore, we predict that the IDX would be in the positive side today.

Daily Research:

AALI

Buy on weakness

S2 S1 Level R1 R2
20,000 21,000 22,050 23,000 24,000

AALI ended the session lower followed by a bearish engulfing and a break on support suggesting a negative potential.

ADHI

Speculative buy

S2 S1 Level R1 R2
2,000 2,100 2,180 2,300 2,400

ADHI edged higher with the break over its short term resistance in which suggesting another favorable potential especially if its next resistance is broken up.

ASRI

Speculative buy

S2 S1 Level R1 R2
500 525 555 575 605

ASRI moved rather positively with the break on resistance in a quite high volume in which could create a favorable trend.

PTPP

Sell on strength

S2 S1 Level R1 R2
3,275 3,450 3,570 3,750 3,900

PTPP was still in the upside t urn but only followed by a doji formation near a resistance in which possibly could dampen the upside opportunity.

* 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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