Daily Research 21 September 2015

positive Market.

S2 S1 IDX R1 R2
4,301 4,347 4,380.3 4,400 4,450
  • Pressure taken by Dow Jones and the global bourses would send in the unfavorable sentiment.
  • The IDX was only up in a thin range in the presence of foreign selling sentiment last week. In addition, a doji pattern near a resistance would still give negative signs.
  • So, we predict that the IDX would be in the downside tendency today.

Daily Research:


Buy on weakness

S2 S1 Level R1 R2
9,200 9,500 9,775 10,000 10,500

BBRI ended the trading lower followed by a formation of a dark cloud cover on Friday in which suggesting another downside potential.


Sell on strength

S2 S1 Level R1 R2
4,725 4,930 5,100 5,200 5,350

JSMR closed the session higher last week. Nonetheless, a position within the downtrend channel and also near diagonal resistance that could dampen the upside potential.


Buy on weakness

S2 S1 Level R1 R2
3,150 3,300 3,400 3,500 3,650

PTPP moved down after fa i ling to break its diagonal resistance. In addition, a formation of a bearish engulfing would still give a weak sign in the next session.


Buy on weakness

S2 S1 Level R1 R2
1,350 1,400 1,440 1,500 1,555

TAXI still moved down durin g t he last several days. But so, a presence of its diagonal support and the RSI indicator in the oversold trend would possibly trim the downswing.

* 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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