Daily Research 24 Agustus 2015

Negative Market.

S2 S1 IDX R1 R2
4,250 4,300 4,335.9 4,350 4,400
  • Quite deep pressure taken by Dow Jones and the global markets would again send in the negative sentiment.
  • The IDX took a rather deep weak turn once again followed by foreign selling sentiment last week. But so, the start of an oversold trend would expectedly slow down the negative tendency.
  • Therefore, we predict that the IDX would be in the negative side today.

Daily Research:


Speculative buy

S2 S1 Level R1 R2
400 425 459 480 510

SIDO moved up after taking a downturn during 3 days before and also followed by a bullish engulfing pattern indicating a further upside potential.


Trading buy

S2 S1 Level R1 R2
300 315 330 342 353

APLN again edged higher fo llowed by a high volume last week in which suggesting another positive movement.


Speculative Buy

S2 S1 Level R1 R2
7,900 8,250 8,500 8,800 9,150

BMRI was still in the negative side but with a formation of a doji and also a position near its diagonal support creating a rebound potential.


Buy On Weakness

S2 S1 Level R1 R2
2,465 2,550 2,635 2,760 2,880

WIKA resumed the downtre n d on Friday. But so, the presences of several supports would potentially dampen this current downturn.

* 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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