Daily Research 18 November 2015

Negative Market.

S2 S1 IDX R1 R2
4,442 4,472 4,500.9 4,472 4,499
  • Mixed Wall Street and the regional markets with a flat BI Rate would affect the sentiment.
  • The IDX moved higher yesterday but with an open gap, a position at psychological level of 4,500 and a lack of foreign buying interest that could slow down a further upside turn
  • So, we predict that the IDX would be in the upside tendency today.

Daily Research:


Trading buy

S2 S1 Level R1 R2
1,530 1,855 2,195 2,450 2,640

ADHI edged lower near its diagonal support suggesting that a further downside movement maybe in a limited range.


Sell on strength

S2 S1 Level R1 R2
45,600 48,100 51,175 53,500 57,000

GGRM moved higher yesterday but with a position near its diagonal resistance yesterday in which possibly could trim the positive potential.


Sell on strength

S2 S1 Level R1 R2
16,500 17,000 17,550 18,000 18,500

UNTR ended the trading lo w er after being trimmed by the resistance of a wedge potential despite in the middle of a high volume.


Trading buy

S2 S1 Level R1 R2
2,600 2,700 2,815 2,900 3,000

WIKA was in the positive s id e still near its diagonal support in which expectedly could create a further upside opportunity.

* 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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