Daily Research 01 November 2015

positive Market.

S2 S1 IDX R1 R2
4,178 4,209 4,223.9 4,237 4,250
  • A positive Dow Jones and the global indices would send in the support before the release of September’s inflation data.
  • The IDX was again on the upside turn with a close above the psychological level of 4,200 yesterday. Further, a presence of foreign buying interest would seem be able to maintain the market’s position.
  • Therefore, we predict that the IDX would be in the upside tendency today.

Daily Research:


Trading buy

S2 S1 Level R1 R2
5,000 5,350 5,500 5,600 5,950

INDF ended the trading higher yesterday followed by a high volume and also a break over its diagonal resistance in which suggesting a further upside opportunity.


Sell on strength

S2 S1 Level R1 R2
1,260 1,320 1,385 1,490 1,580

LSIP moved in the negative side after failing to keep up the gaining turn. In addition, a formation of a dark cloud cover and an overbought RSI would possibly push for a further down.


Speculative buy

S2 S1 Level R1 R2
11,450 11,925 12,375 12,625 13,100

SILO was on the wea k side on Wednesday. Nonetheless, a doji pattern and an oversold tendency would create a rebound potential.


Sell on strength

S2 S1 Level R1 R2
342 377 384 438 495

SRIL ended the session ne g a tively with a formation of a bearish engulfing so that could lead to a further 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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