Daily Research 14 September 2015

Negative Market.

S2 S1 IDX R1 R2
4,335 4,343 4,360.4 4,401 4,450
  • A positive Dow Jones and mixed world’s markets would affect the sentiment.
  • The IDX moved in the positive side but only followed by a doji pattern last week indicating a not so strong upside potential.
  • Therefore, we predict that the IDX would be in the positive side today.

Daily Research:

AALI

Sell on strength

S2 S1 Level R1 R2
15,600 16,550 18,000 18,300 19,000

AALI edged the session higher. Nevertheless, a position near its diagonal resistance would possibly dampen the upside potential.

ADHI

Sell on strength

S2 S1 Level R1 R2
1,530 1,855 2,135 2,200 2,450

ADHI closed the trading lower on Friday back to the downtrend channel after failing to break the resistance in which suggesting a further down potential.

MDLN

Speculative buy

S2 S1 Level R1 R2
305 335 376 406 435

MDLN ended the trading po s itively nearing its diagonal resistance followed by a high enough volume creating a further up potential.

PTPP

Buy on weakness

S2 S1 Level R1 R2
3,140 3,305 3,435 3,550 3,650

PTPP moved negatively after failing to keep up the gaining turn. In addition a formation of a dark cloud cover would still indicate another 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.

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