Daily Research 22 Juli 2015

Negative Market.

S2 S1 IDX R1 R2
4,837 4,850 4,869.8 4,901 4,925
  • A weak Dow Jones and the global markets would send in the negative sentiment.
  • The IDX took a weak turn with a formation of a lower high last week. But so, a presence of its recent low would expectedly limit the downside potential.
  • So, we predict that the IDX would be in the negative side today.

Daily Research:

BBNI

Buy on weakness

S2 S1 Level R1 R2
4,750 4,900 5,075 5,300 5,500

BBNI continued the weak movement followed by a high volume and also the breaks on several supports in which indicating a negative potential.

BMRI

Buy on weakness

S2 S1 Level R1 R2
9,000 9,650 10,000 10,200 10,500

BMRI ended the trading negatively with a formation of a bearish engulfing suggesting a weak sign especially if its supports are broken down.

TLKM

Buy on weakness

S2 S1 Level R1 R2
2,600 2,700 2,825 2,980 3,150

TLKM took a downside turn with the break on its support in the middle of a rising volume potentially to test its next support level.

WIKA

Buy on weakness

S2 S1 Level R1 R2
2,850 3,875 3,080 3,250 3,450

WIKA was on the negative side after on an upturn during the last several days. A relatively high volume would possibly push for a further down.

* 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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