Daily Research 04 November 2015

Negative Market.

S2 S1 IDX R1 R2
4,475 4,500 4,533.0 4,550 4,575
  • A favorable Rupiah and the global bourses still positive trend would send in the support once again.
  • The IDX moved up rather favorably but with resuming foreign selling interest yesterday suggesting a not so strong positive potential.
  • So, we predict that the IDX would be in the upside tendency today.

Daily Research:

APLN

Speculative buy

S2 S1 Level R1 R2
250 260 270 280 290

APLN managed a rebound after entering the oversold area and a presence of its diagonal support in which could lead to another upside movement.

INCO

Speculative buy

S2 S1 Level R1 R2
2,000 2,100 2,180 2,300 2,400

INCO ended the trading in a flat range with a close near its diagonal support in which expectedly could induce buying interest on these shares.

KIJA

Sell on strength

S2 S1 Level R1 R2
160 190 215 235 255

KIJA closed the trading ses s ion positively with a long white candle. But so, a position near its diagonal resistance would potentially limit the upside opportunity.

PWON

Sell on strength

S2 S1 Level R1 R2
368 390 451 475 515

PWON took a positive turn fo llowed by a long white candle formation but with a close near its horizontal resistance that could potentially trim any upside 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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