Daily Research 12 Agustus 2015

Negative Market.

S2 S1 IDX R1 R2
4,577 4,600 4,622.5 4,650 4,712
  • A weak Dow Jones and the global markets would send in the unfavorable pressure.
  • The IDX was under quite deep pressure with a close below its recent low yesterday. But so, a position near the oversold area would expectedly slow down this downswing.
  • Therefore, we predict that the IDX would be in the negative side today.

Daily Research:


Buy on weakness

S2 S1 Level R1 R2
4,285 4,480 4,665 4,850 5,000

BBNI still carried on the weak trend with a close near its diagonal support. A downside potential would remain possible if this support is broken down.



S2 S1 Level R1 R2
12,000 12,500 12,575 13,100 14,100

ICBP ended the session negatively after failing to keep up the gaining turn. In addition, a formation of a bearish engulfing would also suggest a negative sign.


Buy on weakness

S2 S1 Level R1 R2
13,750 15,000 15,500 15,800 16,900

SILO was under pressu re again followed by an increasing volume but in the middle an already oversold trend.


Speculative buy

S2 S1 Level R1 R2
1,670 1,720 1,800 1,865 1,940

SMRA was on a correctio n followed by a hammer formation and a position near its resistance that could dampen any upside potential.

* 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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