Daily Research 24 November 2015

Negative Market.

S2 S1 IDX R1 R2
4,497 4,518 4,541.0 4,575 4,600
  • Mixed global markets would affect the trading direction.
  • The IDX ended the trading in the negative side after failing to keep up the gaining turn yesterday. But so, a presence of foreign buying interest would possibly dampen any negative potential.
  • So, we predict that the IDX would be in the downside tendency today.

Daily Research:


Speculative buy

S2 S1 Level R1 R2
990 1,135 1,265 1,370 1,500

CTRA took a weak turn but with a close near its diagonal support yesterday indicating that a further negative movement maybe in a limited range.


Sell on strength

S2 S1 Level R1 R2
1,225 1,260 1,295 1,315 1,365

LSIP moved higher supported by a high enough volume but with a position near a resistance that could dampen a further up potential.


Sell on strength

S2 S1 Level R1 R2
1,225 1,260 1,295 1,315 1,365

TLKM was in the negative s ide with a formation of a bearish engulfing that provide a further downside sign.


Buy on weakness

S2 S1 Level R1 R2
15,225 16,000 16,675 18,275 19,275

UNTR took a weak move m e nt nearing its diagonal support yesterday so that another downside movement maybe in a limited 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.


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s