Daily Research 09 Juli 2015

Negative Market.

S2 S1 IDX R1 R2
4,837 4,850 4,871.5 4,906 4,925
  • A weak Dow Jones and regional markets would send in the unfavorable pressure
  • The IDX still carried on the weak turn yesterday with the potential to go down toward its previous low near 4,837. But so, absence of foreign selling sentiment would slow down this downturn.
  • Therefore, we predict that the IDX would be in the downside tendency today.

Daily Research:


Buy on weakness

S2 S1 Level R1 R2
6,000 6,350 6,650 6,850 7,100

ASII moved negatively with a close below its support level in which suggesting another negative potential.


Buy on weakness

S2 S1 Level R1 R2
9,500 10,025 10,225 10,900 11,500

BBRI ended the trading session lower at the level of IDR 10,225. A weak potential would take place if its previous low is broken down.


Buy on weakness

S2 S1 Level R1 R2
2,300 2,400 2,535 20,000 21,200

INCO was still in the negative trend with the break over its horizontal support but in the middle of on oversold trend.


Sell on strengthss

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

WSKT again edged higher but with a close near its recent high creating higher risk for profit taking.

* 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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