Daily Research 11 Desember 2015

Negative Market.

S2 S1 IDX R1 R2
4,400 4,446 4,466.2 4,508 4,521
  • Mixed global markets and a weak Rupiah would affect the sentiment.
  • The IDX was up in a thin range after testing its recent low yesterday. Nonetheless, still presence of foreign selling interest would seem be able to dampen the upside turn.
  • So, we predict that the IDX would be in the positive side today.

Daily Research:


Sell on strength

S2 S1 Level R1 R2
12,900 13,150 13,500 13,650 13,900

BBCA moved higher followed by a bullish engulfing formation but a presence of its diagonal resistance that could slow down a further upside turn.


Speculative buy

S2 S1 Level R1 R2
8,175 8,500 8,875 9,375 9,650

BMRI was in the negative side but with a close near its diagonal support that could potentially open a rebound opportunity.


Trading buy

S2 S1 Level R1 R2
2,060 2,500 3,000 3,325 3,770

CPIN ended the trading u p after going near its diagonal support followed by a high enough volume suggesting another upside potential.


Speculative buy

S2 S1 Level R1 R2
13,750 14,400 14,650 15,225 16,000

UNTR still moved lower bu t w ith a close near a 2013  low and the RSI within the oversold area signaling a rebound 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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