Daily Research 29 Juli 2015

Positive Market.

S2 S1 IDX R1 R2
4,650 4,700 4,714.7 4,750 4,771
  • A rebound on Dow Jones and many global markets would possibly improve the sentiment.
  • The IDX was still under with a rising foreign selling sentiment yesterday. But so, a start of an oversold trend and a psychological level of 4,700 would possibly slow down the downswing.
  • Therefore, we predict that the IDX would be in an upside tendency today.

Daily Research:

ASII

Buy on weakness

S2 S1 Level R1 R2
5,800 6,100 6,350 6,650 6,850

ASII still continued the weak turn with a close at previous low since October 2014. A downside potential would remain possible if this level is broken down further.

ASRI

Speculative buy

S2 S1 Level R1 R2
460 480 510 540 560

ASRI ended the session flat with a doji formation and a position at a support indicating a rebound opportunity.

BMRI

Speculative buy

S2 S1 Level R1 R2
8,600 9,000 9,375 9,650 10,000

BMRI was still on the weak side but the chance to form a morning doji star pattern potentially creating a rebound possibility.

ICBP

Speculative buy

S2 S1 Level R1 R2
11,000 11,400 12,050 12,500 13,000

ICBP was still in the nega ti ve area but with a close near several support levels as well as a doji formation in which expectedly could limit the downturn.

* 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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