Daily Research 23 Desember 2015

Negative Market.

S2 S1 IDX R1 R2
4,468 4,490 4,517.5 4,550 4,575
  • Another upside Dow Jones and Rupiah would provide the positive sentiment before a long weekend holiday.
  • The IDX was still in the positive territory yesterday. Nonetheless, a position near resistance and a lack of foreign buying interest would slow down this upswing.
  • Therefore, we predict that eth IDX would be in the upside tendency today.

Daily Research:


Sell on strength

S2 S1 Level R1 R2
19,200 21,000 22,175 22,450 23,450

INTP was still in the positive side but with a close near its resistance potentially trimming this current upswing.


Speculative buy

S2 S1 Level R1 R2
3,300 3,630 3,680 3,860 4,155

PTPP took a weak turn near its diagonal supportyesterday suggesting that any further downside turn maybe in a limited range.


Sell on strength

S2 S1 Level R1 R2
1,450 1,500 1,570 1,600 1,650

SMRA was up once again but with a close near a rather strong resistance and a low volume that could dampen this upside turn.


Buy on weakness

S2 S1 Level R1 R2
730 770 800 840 880

WTON took a weak movem e n t after failing to stay near its resistance. In addition, a break on its support would still indicate a negative sign for WTON.

* 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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