Daily Research 16 November 2015

Negative Market.

S2 S1 IDX R1 R2
4,400 4,433 4,472.8 4,499 4,533
  • A negative Dow Jones and the global bourses would not send in any support before the release of the trade data.
  • The IDX was still in the upside trend last week but with a lack of foreign buying interest in which could dampen the positive potential.
  • Therefore, we predict that the IDX would be in the downside tendency today.

Daily Research:

ADRO

Buy on weakness

S2 S1 Level R1 R2
525 550 580 600 630

ADRO still continued the weak turn with the breaks on several supports in which indicating a further negative potential.

BBKP

Sell on strength

S2 S1 Level R1 R2
630 660 690 730 770

BBKP moved in the positive side but with a close near a rather strong diagonal resistance in which potentially could trim the upside opportunity.

BMRI

Sell on strength

S2 S1 Level R1 R2
8,275 8,550 8,675 8,825 9,100

BMRI remained in the upsid e trend followed by a long white candle. But so, a presence of its horizontal resistance would possibly trim any further positive movement.

SMGR

Sell on strength

S2 S1 Level R1 R2
9,850 10,300 10,675 11,250 12,000

SMGR was in the positive side with an ascending triangle and a bullish engulfing. Nevertheless, a recent high and a resistance would limit a further upside turn.

* 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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