Daily Research 20 Januari 2016

Negative Market.

S2 S1 IDX R1 R2
4,444 4,465 4,491.7 4,523 4,550
  • Mixed global markets would not send in any support.
  • The IDX was in the positive side yesterday but in the middle of resuming foreign selling sentiment that could slow down the upside potential.
  • So, we predict that the IDX would move higher today.

Daily Research:

AALI

Sell on strength

S2 S1 Level R1 R2
16,500 17,000 17,275 17,600 18,000

AALI was still in the positive side but only followed by a doji near a short term resistance that could potentially trim the gaining turn.

BJBR

Sell on strength

S2 S1 Level R1 R2
770 820 885 930 975

BJBR was up during yesterday’s trading but only with a low volume and a position near its diagonal resistance that could dampen the positive potential.

CTRA

Speculative buy

S2 S1 Level R1 R2
1,250 1,300 1,350 1,400 1,450

CTRA continued in the weak side yesterday. Nevertheless, a position at its support and a doji
formation would create a technical rebound opportunity.

ICBP

Sell on strength

S2 S1 Level R1 R2
13,100 13,750 14,300 14,675 15,400

ICBP edged higher near i ts diagonal resistance on Tuesday’s session suggesting a limited upside 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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