Daily Research 30 November 2015

Negative Market.

S2 S1 IDX R1 R2
4,525 4,545 4,560.5 4,597 4,625
  • Global markets in the downside trend would send in the negative sentiment.
  • The IDX took a weak movement after failing to stay near the psychological level of 4,600 last week. In addition, resuming foreign selling interest would push for a downside potential.
  • So, we predict that the IDX would be in the negative side for today.

Daily Research:


Buy on weakness

S2 S1 Level R1 R2
12,600 12,950 13,150 13,650 13,900

BBCA was in the negative side with a formation of a long black candle. But so, the presences of several supports would expectedly limit the weak movement.


Sell on strength

S2 S1 Level R1 R2
2,490 2,885 3,220 3,770 4,000

CPIN ended the trading negatively with a position still near its diagonal support in which could lead to a further downturn.


Trading buy

S2 S1 Level R1 R2
5,050 5,400 5,875 6,600 7,300

PTBA was on the weak sid e but with a close near its diagonal support on Friday suggesting that another negative turn maybe in a limited range.


Sell on strength

S2 S1 Level R1 R2
2,880 2,915 2,960 3,010 3,060

TLKM managed a slight ga i n with a position near its resistance and a doji formation during an uptrend in which could dampen an upside 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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