Daily Research 13 November 2015

Negative Market.

S2 S1 IDX R1 R2
4,400 4,433 4,462.2 4,499 4,533
  • Pressure taken by Dow Jones and the global markets would become the negative sentiment at the end of the week.
  • The IDX moved relatively up yesterday but only followed by a doji and a presence of foreign selling interest in which could trim a further positive turn.
  • Therefore, we predict that the IDX would be in the negative side for today.

Daily Research:

CTRA

Sell on strength

S2 S1 Level R1 R2
1,190 1,250 1,325 1,370 1,500

CTRA still carried on the upside turn but with a position near its horizontal resistance and the RSI indicator near the overbought trend suggesting a limited positive movement.

ICBP

Buy on weakness

S2 S1 Level R1 R2
11,250 12,000 12,500 13,100 13,750

ICBP moved in a thin downside turn yesterday with a formation of a doji in which creating a rebound opportunity in the next session.

SMGR

Buy on weakness

S2 S1 Level R1 R2
9,100 9,750 10,150 10,650 11,250

SMGR took a correction wi th a formation of a bearish harami that could lead to a further down especially if its support is broken down.

WTON

Sell on strength

S2 S1 Level R1 R2
860 900 945 1,000 1,050

WTON still moved in the p o s itive side in 3 days. But so, a doji pattern would suggest a slower upside trend.

* 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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