Daily Research 15 Juli 2015

Negative Market.

S2 S1 IDX R1 R2
4,859 4,871 4,901.8 4,925 4,950
  • Global bourses staying on upside tendencies would send in the support before a long Lebaran’s holiday.
  • The IDX was still in the positive side yesterday but with a doji pattern and also a lower high potential in which possibly could dampen the upside opportunity.
  • Therefore, we predict that the IDX would be in the upside tendency today.

Daily Research:

ASII

Sell on strength

S2 S1 Level R1 R2
6,300 6,650 6,850 7,100 7,550

ASII remained in the positive side but in the middle of a low volume and a position near several resistances in which could trim a positive potential.

INDF

Buy on weakness

S2 S1 Level R1 R2
6,000 6,200 6,400 6,600 6,850

INDF was still under pressure with a close below its recent low in which suggesting a negative potential especially if its support is broken down.

SMRA

Buy on weakness

S2 S1 Level R1 R2
1,630 1,680 1,725 1,770 1,830

SMRA ended the trading lower followed by a formation of a bearish engulfing signaling a further downside sign.

UNTR

Sell on strength

S2 S1 Level R1 R2
18,000 18,600 19,300 20,000 21,000

UNTR was only up slightly with a hammer formation near a resistance in which potentially could push for a
correction.

* 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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