Daily Research 03 Agustus 2015

Negative Market.

S2 S1 IDX R1 R2
4,712 4,771 4,802.5 4,856 4,906
  • Dow Jones was down triggered by lower energy shares results with Asia markets on mixed sessions this morning.
  • The IDX managed a technical rebound on Friday supported by selective buying actions.
  • So, we predict that the IDX would be in the positive side for today.

Daily Research:

BBNI

Trading Buy

S2 S1 Level R1 R2
4,480 4,600 4,760 4,850 5,175

BBNI took a technical rebound after taking a deep downturn with a formation of a bullish engulfing indicating a further upside movement.

BMRI

Trading buy

S2 S1 Level R1 R2
9,000 9,375 9,525 9,600 10,000

BMRI was closed slightly above the lowest level this year followed by a long legged doji and a high trading volume in which potentially could carry on the rebound.

ICBP

Buy on Support

S2 S1 Level R1 R2
11,850 12,125 12,500 13,000 13,400

ICBP edged higher with a h i gh enough volume with a downtrend channel. But so, an open gap on Friday would have the chance to be closed in a short term.

LPCK

Buy on weakness

S2 S1 Level R1 R2
7,700 8,025 8,300 8,975 9,600

LPCK was on a technical rebound after touching a long term diagonal support. A 14-day RSI forms a positive divergence creating an early sign of a trend change.

* 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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