Daily Research 10 Desember 2015

Negative Market.

S2 S1 IDX R1 R2
4,400 4,446 4,464.1 4,508 4,521
  • Global bourses on the downside trend would send in the unfavorable pressure.
  • The IDX moved lower followed by foreign selling sentiment on Tuesday. But so, a presence of its previous low would potentially slow down the downturn.
  • Therefore, we predict that the IDX would remain in the negative territory today.

Daily Research:


Sell on strength

S2 S1 Level R1 R2
990 1,135 1,285 1,370 1,500

CTRA ended the trading higher but with a close near its diagonal resistance in which could limit any further upside opportunity.


Sell on strength

S2 S1 Level R1 R2
47,600 49,100 50,700 52,000 53,650

GGRM was in the positive territory but still unable to break its diagonal resistance that could lead to a correction potential.


Speculative buy

S2 S1 Level R1 R2
1,090 1,155 1,215 1,315 1,350

LPKR closed the session in the weak side near its diagonal support with a long black candle suggesting a fairly limited downside potential.


Buy on weakness

S2 S1 Level R1 R2
2,300 2,530 2,615 2,790 2,910

PGAS took a deep downturn followed by a high volume. Nevertheless, a presence of its horizontal support would slow down the downswing.

* 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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