Daily Research 07 Juli 2015

Negative Market.

S2 S1 IDX R1 R2
4,875 4,900 4,916.7 4,944 4,975
  • Relatively down Dow Jones and European bourses but in the middle of rebound regional markets would affect the sentiment.
  • The IDX was on the weak side with a formation of a lower high yesterday. Still low foreign selling interest would limit the downside potential.
  • Therefore, we predict that the IDX would be in the upside tendency today.

Daily Research:


Buy on weakness

S2 S1 Level R1 R2
340 355 370 385 400

APLN moved lower after failing to stay near its resistance with a formation of a long black candle yesterday in which suggesting another weak potential.


Buy on weakness

S2 S1 Level R1 R2
9,300 9,625 9,925 10,200 10,525

BMRI took a correction with a close near its support. A break on its support would once again create a downside potential.


Buy on weakness

S2 S1 Level R1 R2
18,000 18,300 19,000 20,000 21,200

UNTR took a weak step still being trimmed by its resistance. A downside turn below the recent low would bring UNTR down toward its next support.


Buy on weakness

S2 S1 Level R1 R2
950 1,000 1,055 1,110 1,150

WTON ended the trading do w n with a formation similar to a bearish engulfing in which indicating a negative potential.

* 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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