Daily Research 26 Juni 2015

Negative Market.

S2 S1 IDX R1 R2
4,875 4,899 4,920.0 4,953 4,975
  • Relatively down Dow Jones and several regional nmarkets would not improve the sentiment.
  • The IDX moved lower also followed by resuming foreign selling interest yesterday. A presence of psychological level of 4,900 would slow down the downturn or to the contrary.
  • So, we predict that the IDX would be in the negative side today.

Daily Research:

ASRI

Sell on strength

S2 S1 Level R1 R2
555 580 610 630 670

ASRI moved rather positively yesterday. But so, a presence of its diagonal resistance would possibly limit this upswing.

PTBA

Buy on weakness

S2 S1 Level R1 R2
8,000 8,300 8,700 9,000 9,400

PTBA took a correction with a break on support of an inverted flag potential in which could open up a not so favorable trend.

CTRA

Buy on weakness

S2 S1 Level R1 R2
1,250 1,300 1,335 1,400 1,450

CTRA ended the trading in the negative side with a bearish engulfing formation indicating a further down potential.

MNCN

Sell on strength

S2 S1 Level R1 R2
1,845 1,900 1,990 2,100 2,200

MNCN was still in the positive side but with a close near the resistance of a downtrend potentially trimming the upside 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.

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