Daily Research 02 Desember 2015

Negative Market.

S2 S1 IDX R1 R2
4,500 4,525 4,557.6 4,575 4,600
  • Dow closed higher but could not send positive momentum to Asian bourse which traded mixed this morning.
  • Investors tend to wait and see ahead of several FOMC member testimony this week, including Janet Yellen, and Friday’s job reports to seek clarity on the possibility of US rate hike on the next FOMC meeting.
  • IDX had its technical rebound on rectangle (sideways) pattern, thus investors tend to lock their profits near resistance levels. In all we expect IDX to trade mixed with positive tendency today.

Daily Research:


Trading buy

S2 S1 Level R1 R2
300 330 361 380 400

ASRI ended the trading positively with a formation of a long white candle followed by a high enough volume in which suggesting another upside movement.


Sell on strength

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

ICBP was in the positive side with a long white candle but with a position near several resistances that could dampen the upside turn.


Sell on strength

S2 S1 Level R1 R2
18,700 19,625 20,425 20,750 21,300

INTP moved higher conside r ably but with a close near its resistance that could trim another positive movement.


Sell on strength

S2 S1 Level R1 R2
1,290 1,315 1,360 1,365 1,390

LPKR was in the positive te r ri tory supported by a long white candle. But so, the presences of several resistances would slow down the current upside movement.

* 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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