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:

ADHI

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.

DILD

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.

LSIP

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.

SMGR

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.

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