Daily Research 05 Januari 2016

Negative Market.

S2 S1 IDX R1 R2
4,475 4,500 4,525.9 4,557 4,593
  • A negative Dow Jones as well as global markets would once again send in the pressure.
  • The IDX was down after unable to stay near its resistance yesterday suggesting another downside movement.
  • Effective today, the Government lowered subsidized fuel price. In all we predict that the IDX would trade mixed with negative tendency today.

Daily Research:

ADHI

Trading buy

S2 S1 Level R1 R2
1,855 2,035 2,070 2,200 2,450

ADHI took a weak turn near its diagonal support yesterday in which suggesting that any further negative movement maybe in a limited range.

BBRI

Sell on strength

S2 S1 Level R1 R2
11,000 11,250 11,475 11,600 11,875

BBRI was in the positive side but with a close near its recent high that could dampen this upside opportunity.

SMRA

Buy on weakness

S2 S1 Level R1 R2
1,465 1,510 1,575 1,620 1,695

SMRA took a deep downsw in g with a formation of a full black candle after failing to break its previous high so that could lead to a further negative turn.

SRIL

Sell on strength

S2 S1 Level R1 R2
1,420 1,505 1,670 1,765 1,835

SRIL was up once again b u t with a position near a strong horizontal resistance that could potentially trim the upside opportunity.

* 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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