Daily Research 09 September 2015

Negative Market.

S2 S1 IDX R1 R2
4,250 4,301 4,319.5 4,335 4,401
  • A positive Dow Jones and the global markets would send in the favorable support
  • The IDX ended the trading relatively higher yesterday. Nevertheless, still presences of foreign selling actions would dampen the upside movement.
  • Therefore, we predict that the IDX would be in the positive side today.

Daily Research:


Sell on strength

S2 S1 Level R1 R2
4,350 4,510 4,715 4,850 5,000

BBNI moved positively followed by a formation of a bullish engulfing pattern. But so, a presence of a resistance and a not so strong volume would potentially trim the gain.


Trading buy

S2 S1 Level R1 R2
710 773 855 925 970

CTRA was closed in the positive side with the break on its diagonal resistance and also a high volume in which possibly open up a favorable opportunity.


Sell on strength

S2 S1 Level R1 R2
325 360 410 430 482

ELSA edged higher during t he last several days with the break on its horizontal resistance. Nonetheless, RSI indicator now near the overbought trend would limit this upswing.


Trading buy

S2 S1 Level R1 R2
1,445 1,500 1,540 1,580 1,630

KLBF still moved down b u t with the close at its diagonal support, a hammer pattern and an open gap indicating a technical rebound potential.

* 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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