Daily Research 28 Juli 2015

Negative Market.

S2 S1 IDX R1 R2
4,700 4,750 4,771.2 4,800 4,837
  • Still weak Dow Jones and the global markets would send in the negative pressure. .
  • The IDX took a weak turn with the break over its previous low yesterday with the presence of a foreign selling sentiment suggesting a further unfavorable pressure.
  • So, we predict that the IDX would once again be in the negative side today.

Daily Research:

BBNI

Buy on weakness

S2 S1 Level R1 R2
4,400 4,600 4,850 5,150 5,350

BBNI still continued the weak step with a high enough volume in which potentially could induce a further down to challenge its next support.

BBRI

Buy on weakness

S2 S1 Level R1 R2
9,000 9,500 9,775 10,100 10,500

BBRI moved negatively with the break over the support of a descending triangle potential signaling another downside potential.

PGAS

Buy on weakness

S2 S1 Level R1 R2
3,600 3,750 3,905 4,150 4,350

PGAS was under pressure again indicating a further downside movement especially if its recent low is broken down further.

WTON

Buy on weakness

S2 S1 Level R1 R2
960 1,000 1,035 1,055 1,100

WTON was still in the nega ti ve area but a presence of its next support would expectedly limit the downside movement.

* 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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