Daily Research 10 September 2015

Negative Market.

S2 S1 IDX R1 R2
4,301 4,335 4,347.2 4,401 4,450
  • A weak Dow Jones and regional markets would send in the unfavorable pressure.
  • The IDX moved higher but only followed by a doji pattern and a presence of foreign selling sentiment yesterday in which could slow down the upside turn.
  • So, we predict that the IDX would be in the negative side today.

Daily Research:

AALI

Trading buy

S2 S1 Level R1 R2
13,300 14,500 17,300 19,000 20,325

AALI moved quite positively with the break over the diagonal resistance of a downtrend channel also supported by a high enough volume in which suggesting another upside movement.

BMRI

Buy on weakness

S2 S1 Level R1 R2
8,000 8,400 8,700 8,950 9,175

BMRI edged lower followed by a rising volume and a formation of a bearish engulfing indicating a further downside potential.

JSMR

Sell on strength

S2 S1 Level R1 R2
4,575 4,740 5,050 5,125 5,475

JSMR ended the session u p but with a close near the diagonal resistance yesterday so that could dampen the positive opportunity.

PWON

Trading buy

S2 S1 Level R1 R2
320 340 365 375 1,630

PWON still managed an u p s ide turn on Wednesday. But so, a presence of its diagonal resistance would limit the upside turn.

* 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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