Daily Research 07 Oktober 2015

positive Market.

S2 S1 IDX R1 R2
4,375 4,400 4,445.7 4,479 4,500
  • Mixed global markets would affect the trading direction.
  • The IDX continued its upside trend supported by a high enough foreign buying sentiment yesterday. Nevertheless, an open gap and the presences of several resistances would slow down this upswing.
  • Therefore, we predict that the IDX would be in the upside tendency today.

Daily Research:

BEST

Trading buy

S2 S1 Level R1 R2
255 280 307 330 358

BEST managed an upside turn also supported by a very high volume in which suggesting another positive movement.

BMRI

Sell on strength

S2 S1 Level R1 R2
8,300 8,550 8,900 9,000 9,200

BMRI still carried on the strong movement followed by a quite high trading volume. But so, the presences of several resistances would dampen this upswing.

LSIP

Buy on weakness

S2 S1 Level R1 R2
1,270 1,380 1,415 1,575 1,735

LSIP ended the trading nega t ively with a formation of a long black candle. Nonetheless, a presence of its diagonal support would limit the downside potential.

PPRO

Sell on strength

S2 S1 Level R1 R2
130 144 150 162 180

PPRO closed the session relatively down with a formation of a shooting star pattern indicating a furtherdown sign.
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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