Daily Research 28 Oktober 2015

Negative Market.

S2 S1 IDX R1 R2
4,625 4,653 4,674.0 4,691 4,725
  • Mixed global markets would not send in any support.
  • The IDX moved in the negative side followed by a doji formation yesterday. The absence of foreign selling interest would expectedly maintain the market’s position.
  • So, we predict that the IDX would remain in the negative tendency for today.

Daily Research:

AALI

Speculative buy

S2 S1 Level R1 R2
19,000 20,000 20,875 22,000 23,000

AALI ended the trading session higher after touching its support. Further, a bullish engulfing would indicate another favorable movement.

ADHI

Buy on weakness

S2 S1 Level R1 R2
1,855 2,200 2,320 2,450 2,640

ADHI still carried on the downside turn but only with a thin volume so that any further downturn maybe in a limited range.

INCO

Sell on strength

S2 S1 Level R1 R2
2,200 2,300 2,425 2,500 2,600

INCO moved relatively do w n with a close near its resistance and a doji pattern in which could dampen an upside potential.

SOCI

Sell on strength

S2 S1 Level R1 R2
440 476 491 535 570

SOCI ended the trading ne g a tively with a formation of a shooting star and a high enough volume so that could lead to another weak 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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