Daily Research 07 Januari 2016

Negative Market.

S2 S1 IDX R1 R2
4,525 4,557 4,608.9 4,625 4,650
  • A weak Dow Jones and the global bourses would send in the unfavorable pressure.
  • The IDX edged higher supported by a high enough foreign buying interest yesterday. But so, profit taking risks would dampen this current upturn.
  • So, we predict that the IDX would be in the downside tendency today.

Daily Research:


Buy on weakness

S2 S1 Level R1 R2
12,600 13,100 13,200 13,850 14,350

BBCA ended the session negatively but with a low volume and the presences of several supports in which expectedly could limit the downturn.


Sell on strength

S2 S1 Level R1 R2
4,900 5,350 5,800 6,000 6,250

INDF closed the trading positively but with a position near its diagonal resistance that could limit any further upside movement.


Sell on strength

S2 S1 Level R1 R2
5,350 5,550 5,750 5,850 6,000

JSMR moved higher quite c o nsiderably also supported by a high volume. But so, a close near its several resistances would slow down another upside opportunity.


Sell on strength

S2 S1 Level R1 R2
2,745 2,815 2,855 2,905 2,975

WIKA still continued in the p ositive side but with a close near its diagonal resistance potentially trimming
this current upside trend.

* 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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