Daily Research 14 Desember 2015

Negative Market.

S2 S1 IDX R1 R2
4,350 4,375 4,393.5 4,446 4,466
  • A negative Dow Jones and the global markets added with a lower Rupiah would once again send in the unfavorable pressure.
  • The IDX moved negatively last week with the break on its recent low with resuming foreign selling sentiment signaling a weak potential.
  • Therefore, we predict that the IDX would remain in the negative side today.

Daily Research:

ASII

Buy on weakness

S2 S1 Level R1 R2
5,500 5,750 5,900 6,075 6,250

ASII took a deep downturn followed by a formation a bearish engulfing with a high enough volume suggesting a further negative potential.

DILD

Buy on weakness

S2 S1 Level R1 R2
475 494 499 515 540

DILD was on the weak side near its diagonal support that could possibly lead to a limited downside movement.

PGAS

Buy on weakness

S2 S1 Level R1 R2
2,300 2,455 2,490 2,600 2,750

PGAS ended the session l o wer with a formation of a bearish engulfing and a position near its recent low indicating a further down if this level is broken down.

ROTI

Speculative buy

S2 S1 Level R1 R2
1,070 1,180 1,205 1,285 1,340

ROTI closed the trading w e aker near its diagonal support with a long black candle indicating a fairly limited downside 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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