Daily Research 21 Agustus 2015

Negative Market.

S2 S1 IDX R1 R2
4,400 4,425 4,484.2 4,484 4,510
  • Pressure taken by Dow Jones and the global markets would send in the negative sentiment.
  • The IDX still moved lower with the close below its recent low with resuming foreign selling actions yesterday in which suggesting further negative signs.
  • So, we predict that the IDX would be in the downside trend today.

Daily Research:

ASII

Sell on strength

S2 S1 Level R1 R2
5,850 6,000 6,200 6,350 6,525

ASII was only up slightly nearing its resistance with only a low volume in which potentially create a correction potential.

ICBP

Buy on weakness

S2 S1 Level R1 R2
11,500 12,000 12,475 13,000 13,450

ICBP moved negatively followed by a formation of a bearish harami pattern that could lead to a further downturn.

KLBF

Buy on weakness

S2 S1 Level R1 R2
1,445 1,525 1,535 1,605 1,700

KLBF was under deep pre ss ure yesterday. But so, a presence of its horizontal support would expectedly limit the downswing.

TLKM

Sell on strength

S2 S1 Level R1 R2
2,775 2,805 2,870 2,915 2,980

TLKM was down with a p o sition near its diagonal resistance and the candlestick formed a hanging man formation signaling another downside 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.

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