Daily Research 01 September 2015

Negative Market.

S2 S1 IDX R1 R2
4,430 4,446 4,509.6 4,550 4,575
  • A weak Dow Jones and the global indices would send in the negative sentiment.
  • The IDX still continued the upside movement in the presence of foreign buying interest yesterday. But so, a position near the psychological level of 4,900 would potentially limit the gaining turn.
  • Therefore, we predict that the IDX would be in the downside tendency today.

Daily Research:


Buy on weakness

S2 S1 Level R1 R2
474 530 595 650 740

ADRO ended the trading lower followed by bearish engulfing pattern in which suggesting another negative potential.


Sell on strength

S2 S1 Level R1 R2
5,700 5,900 6,075 6,100 6,225

AKRA was in the positive side but with a position near its diagonal resistance of an uptrend in which could dampen the upside movement.


Trading buy

S2 S1 Level R1 R2
2,340 2,560 2,780 3,000 3,500

PGAS closed the trading relatively up with the RSI indicator within the oversold territory suggesting a rebound opportunity.


Trading buy

S2 S1 Level R1 R2
1,495 1,585 1,635 1,635 1,720

SMRA closed the session p o s itively with a candlestick forming a bullish engulfing pattern indicating another favorable tendency.

* 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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