Daily Research 31 Agustus 2015

Negative Market.

S2 S1 IDX R1 R2
4,400 4,430 4,446.2 4,500 4,550
  • A mixed Wall Street in the middle of lower regional markets would affect the trading direction.
  • The IDX still edged higher as foreign buying interest also resumed last week. Bu so, a formation of a doji would indicate a slower upside movement.So, we predict that the IDX would be in the negative
    side today

Daily Research:

BBNI

Sell on strengthy

S2 S1 Level R1 R2
4,660 4,850 5,000 5,175 5,500

BBNI ended the session negatively last with a candle stick forming a shooting star pattern so that could lead ICBP to another downside turn.

LSIP

Sell on strength

S2 S1 Level R1 R2
935 1,000 1,070 1,120 1,230

LSIP still carried on the upside movement last week. But so, a presence of a diagonal resistance would potentially dampen the upswing.

ICBP

Sell on strength

S2 S1 Level R1 R2
11,600 12,000 12,300 12,500 13,100

ICBP took a weak turn on Friday followed by a formation of a bearish engulfing pattern so that
suggesting another weak potential

WSKT

Buy on weakness

S2 S1 Level R1 R2
1,485 1,550 1,615 1,680 1,810

WSKT was down on Friday with a formation of a bearish engulfing indicating a further 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.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s