Daily Research 22 Oktober 2015

positive Market.

S2 S1 IDX R1 R2
4,569 4,585 4,605.2 4,625 4,650
  • Dow Jones and Asian bourses traded lower this morning as investors sense weakness in corporate earnings on weak global economic growth.
  • IDX’s candlestick formed “inverted hammer” pattern, a key reversal day, which may trigger profit taking actions today.
  • Rupiah depreciate to IDR 13,800 per US$ this morning, thus we expect a market correction today.

Daily Research:


Sell on strength

S2 S1 Level R1 R2
2,075 2,200 2,285 2,380 2,530

ADHI still kept on the upside turn also supported by a strong volume. Nonetheless, a formation of a shooting star and a position near a resistance would possibly trim this upswing.


Buy on weakness

S2 S1 Level R1 R2
475 515 540 585 620

DILD was on the weak side nearing its diagonal support yesterday so that any further downturn maybe in a limited range.


Trading buy

S2 S1 Level R1 R2
1,345 1,415 1,490 1,560 1,660

LSIP took a considerably high positive turn supported by a high volume and a break on its diagonal resistance suggesting a further upside potential.


Trading buy

S2 S1 Level R1 R2
9,000 9,900 11,250 12,000 12,850

SMGR ended the trading po s it ively followed by a long white candle and also a high enough volume creating another favorable 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.


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s