Daily Research 23 September 2015

positive Market.

S2 S1 IDX R1 R2
4,275 4,301 4,344.0 4,376 4,400
  • Pressure taken by Dow Jones and the global markets would become the negative sentiment.
  • IHSG edged lower after failing to stay near its resistance in the last several days. Still presence of foreign selling sentiment and a bearish engulfing pattern would once again create a weak potential.
  • Therefore, we predict that the IDX would move in the downside tendency today.

Daily Research:


Sell on strength

S2 S1 Level R1 R2
465 585 650 725 770

GJTL ended the trading higher yesterday but the RSI indicator near the overbought territory in which could dampen the upside potential.


Sell on strength

S2 S1 Level R1 R2
26,500 27,850 29,225 31,000 32,300

MIKA closed the session down on Tuesday with a formation of a shooting star pattern so that could lead to a further downturn.


Trading buy

S2 S1 Level R1 R2
305 335 373 390 413

SRIL managed a favorable turn followed by a strong volume after taking a sideways trend lately in which suggesting a further positive movement.


Buy on weakness

S2 S1 Level R1 R2
17,375 18,000 18,275 18,625 19,200

UNTR was in weak side ye sterday followed by a formation of a bullish engulfing pattern signaling a further negative 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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