Daily Research 19 Agustus 2015

Negative Market.

S2 S1 IDX R1 R2
4,450 4,475 4,510.4 4,550 4,585
  • Lack of supporting leads would not improve the market’s sentiment.
  • The IDX took a correction turn followed by resuming foreign selling actions yesterday. A weak potential would remain possible if its previous low is broken down further.
  • Therefore, we predict that the IDX would again be in the downside tendency today.

Daily Research:


Trading buy

S2 S1 Level R1 R2
5,000 5,230 5,550 5,700 5,900

AKRA took a weak turn nearing its diagonal support yesterday so that any further downside movement maybe in a limited range.


Sell on strength

S2 S1 Level R1 R2
380 400 408 435 455

ASRI ended the trading negatively followed by a long black candle pattern. In addition, a break on support would still suggest a negative tendency.


Buy on weakness

S2 S1 Level R1 R2
4,000 4,200 4,340 4,480 4,600

BBNI was on the weak side w ith the break on its recent low followed by a quite high volume in which could open up an unfavorable potential.


Buy on weakness

S2 S1 Level R1 R2
1,800 1,850 1,910 2,045 2,150

MNCN was under de e p pressure yesterday. Nonetheless, a presence of its horizontal support would expectedly slow down the downswing.

* 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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