Daily Research 04 Agustus 2015

Negative Market.

S2 S1 IDX R1 R2
4,712 4,771 4,800.1 4,856 4,906
  • A weak Dow Jones in the middle of mixed regional bourses would affect the sentiment.
  • The IDX was down in a thin range after taking a mixed session yesterday. A presence of foreign buying interest would possibly maintain the market’s position.
  • Therefore, we predict that the IDX would be in the upside tendency today.

Daily Research:


Trading buy

S2 S1 Level R1 R2
9,500 10,000 10,450 11,000 11,500

BBRI again edged higher with the break over the resistance of a downtrend and a high enough volume in which potentially could push for another upside turn.


Sell on strength

S2 S1 Level R1 R2
2,800 2,870 9,525 3,000 3,150

TLKM ended the trading relatively down with a hammer formation during an uptrend signaling a negative tendency.


Sell on strength

S2 S1 Level R1 R2
1,700 1,750 1,795 1,865 2,000

WSKT was up once again b u t with a close nearing its previous high so that could limit this upswing.


Buy on weakness

S2 S1 Level R1 R2
1,000 1,200 1,050 1,090 8,975 9,600

WTON moved negatively fo ll o wed by a formation of a bearish harami pattern suggesting another weak 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.


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s