Daily Research 22 Januari 2016

Negative Market.

S2 S1 IDX R1 R2
4,375 4,400 4,414.1 4,427 4,444
  • A rebound taken by Dow Jones and the global markets would expectedly improve the sentiment.
  • The IDX was still under pressure with foreign selling actions yesterday. But so, a presence of psychological level of 4,400 would possibly dampen the negative potential.
  • So, we predict that the IDX would be in the positive side today.

Daily Research:

BBCA

Buy on weakness

S2 S1 Level R1 R2
12,600 12,800 12,950 13,300 13,700

BBCA was in the negative side with a formation of a bearish engulfing pattern. Nevertheless, the presences of several supports would expectedly limit the weak turn.

CPIN

Sell on strength

S2 S1 Level R1 R2
2,500 2,775 3,120 3,345 3,700

CPIN ended the trading positively but with a position near its diagonal resistance that could slow down this upside opportunity.

SMGR

Buy on weakness

S2 S1 Level R1 R2
9,350 9,800 10,075 10,300 10,675

SMGR still continued the weak trend but with a position near its horizontal support indicating a limited downturn.

SMRA

Buy on weakness

S2 S1 Level R1 R2
1,300 1,395 1,430 1,600 1,710

SMRA carried on the weak tu r n yesterday but with the presences of several supports that could trim the downside movement.

* 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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