Daily Research 29 September 2015

positive Market.

S2 S1 IDX R1 R2
4,050 4,100 4,120.5 4,163 4,209
  • A weak Dow Jones and the global markets would not send in any support.
  • The IDX was under pressure again with a close below its previous low yesterday. An already oversold trend would expectedly slow down this weak step.
  • Therefore, we predict that the IDX would remain in the negative side for today.

Daily Research:


Sell on strength

S2 S1 Level R1 R2
1,550 1,825 2,020 2,385 2,660

INCO ended the trading negatively after on an upswing during the last several days. With the RSI position near the overbought area would dampen the upside potential.


Sell on strength

S2 S1 Level R1 R2
2,500 2,595 2,635 2,700 2,760

WIKA was on the weak side y e sterday with a formation of a dark cloud cover pattern so that could lead to another downside turn.


Buy on weakness

S2 S1 Level R1 R2
1,200 1,270 1,315 1,370 1,430

KLBF was in the weak side lately. But so, a presence of its horizontal support and an oversold tendency would limit any further down movement.


Trading buy

S2 S1 Level R1 R2
1,030 1,205 1,075 1,120 1,155 1,205

LPKR closed the session h i gher also supported by a high enough volume indicating a further upside opportunity.

* 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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