Daily Research 05 Oktober 2015

positive Market.

S2 S1 IDX R1 R2
4,120 4,163 4,207.8 4,223 4,237
  • A positive Dow Jones as well as the global markets would send in the favorable support.
  • The IDX took a correction last week but with a presence of a foreign buying interest and a position near the psychological level of 4,100 in which could limit the downside potential.
  • Therefore, we predict that the IDX would be in the positive side today.

Daily Research:


Trading buy

S2 S1 Level R1 R2
38,600 40,600 44,450 45,600 48,100

GGRM ended the trading positively followed by a high trading volume in which suggesting another upside opportunity.


Buy on weakness

S2 S1 Level R1 R2
11,450 11,850 12,050 12,500 13,000

ICBP took a deep downturn with a formation of a long black candle pattern so that could lead to a further negative movement.


Sell on strength

S2 S1 Level R1 R2
4,500 5,000 5,275 5,600 5,950

INDF closed the session in th e positive side but with a shooting star pattern and a position near its diagonal resistance signaling a further negative potential.


Buy on weakness

S2 S1 Level R1 R2
16,000    18,000 16,600 17,000 17,375 18,000

UNTR still carried on the weak trend last week. Nonetheless, a presence of its horizontal support would possibly limit 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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