Daily Research 03 Juli 2015

Negative Market.

S2 S1 IDX R1 R2
4,904 4,923 4,944.7 4,975 5,000
  • Global markets in the downside trend would not send in any support.
  • The IDX was in the positive territory with appearance of foreign buying interest yesterday. An upside potential would remain possible if foreign buying sentiment reappears.
  • Therefore, we predict that the IDX would be in the positive side today.

Daily Research:

ASRI

Speculative buy

S2 S1 Level R1 R2
540 555 570 605 630

ASRI moved relatively higher with a formation of a bullish harami pattern indicating a positive opportunity.

BSDE

Sell on strength

S2 S1 Level R1 R2
1,600 1,660 1,715 1,760 1,800

BSDE edged higher with a close near its resistance and a not so strong volume in which potentially dampen the upswing.

INTP

Sell on strength

S2 S1 Level R1 R2
20,000 21,000 21,800 22,500 23,425

INTP moved quite positively after taking sideways trend lately. But so, a presence of a diagonal resistance would limit the upside potential.

WIKA

Sell on strength

S2 S1 Level R1 R2
2,700 2,800 2,895 3,050 3,175

WIKA took a considerably h i gh upturn also supported by a strong trading volume. The presences of several resistances would still have the potential to trim the gaining turn.

* 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.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s