Daily Research 26 Agustus 2015

Negative Market.

S2 S1 IDX R1 R2
4,050 4,100 4,163.7 4,200 4,250
  • A weak Dow Jones and mixed regional markets would affect the sentiment.
  • The IDX managed a rebound followed by a formation of a bullish harami yesterday. But so, a still presence of foreign selling interest would slow down the upside potential.
  • So, we predict that the IDX would be in the positive side today.

Daily Research:


Trading buy

S2 S1 Level R1 R2
9,025 8,835 9,500 9,935 10,225

BBRI moved higher backed by a high volume and a formation of a bullish engulfing so that could lead to another positive movement.


Sell on strength

S2 S1 Level R1 R2
32,000 33,000 37,100 37,500 38,750

CTRA was still in the weak side but with a presence of its diagonal support and the RSI indicator already in the oversold trend indicating a technical rebound opportunity.


Trading buy

S2 S1 Level R1 R2
6,500 7,000 7,700 8,500 9,000

SMGR ended the trading positively with the RSI indicator remaining in the oversold area in which potentially create a favorable potential.


Sell on strength

S2 S1 Level R1 R2
2,237 2,370 2,570 2,675 2,760

WIKA closed the session up a fter taking a downswing lately. But so, a presence of its short term diagonal resistance would trim any positive move.

* 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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