Daily Research 05 November 2015

Negative Market.

S2 S1 IDX R1 R2
4,533 4,575 4,612.5 4,650 4,675
  • Mixed global markets before the releases of GDP data and more economic package would affect the trading direction.
  • The IDX still continued the strong turn with a close above the psychological level of 4,600 also supported by foreign buying interest yesterday in which expectedly could maintain the market’s position.
  • Therefore, we predict that the IDX would be in the positive side today.

Daily Research:


Sell on strength

S2 S1 Level R1 R2
12,800 13,150 13,425 13,650 13,850

BBCA still carried on the upside trend but unable to close above its recent high so that could create a correction potential.


Speculative buy

S2 S1 Level R1 R2
44,450 46,600 48,250 49,500 52,000

GGRM moved up considerably followed by a strong volume and also a break on several resistances suggesting another positive opportunity.


Trading buy

S2 S1 Level R1 R2
5,350 5,600 6,100 6,250 6,575

INDF ended the session pos i tively with a formation of a bullish engulfing yesterday indicating a further upside potential.


Trading buy

S2 S1 Level R1 R2
9,000 9,425 10,400 12,000 13,250

SILO edged higher after und e r pressure during the last 7 days creating a further rebound potential.

* 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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