Daily Research 26 Januari 2016

Negative Market.

S2 S1 IDX R1 R2
4,456 4,475 4,505.7 4,525 4,550
  • A negative Dow Jones and several regional markets would send in the unfavorable pressure.
  • The IDX again moved higher near the psychological level of 4,500 in the presence of foreign buying interest yesterday. But so, a position near a resistance would potentially trim the upside movement.
  • So, we predict that the IDX would be in the downside tendency for today.

Daily Research:

CTRP

Speculative buy

S2 S1 Level R1 R2
300 330 348 390 426

CTRP edged higher after on a weak trend during the last several days indicating a rebound opportunity.

LPCK

Speculative buy

S2 S1 Level R1 R2
5,800 5,975 6,100 6,500 7,000

LPCK managed a slight upturn with a high volume. In addition, an oversold RSI indicator would create another positive movement.

HMSP

Sell on strength

S2 S1 Level R1 R2
84,000 87,900 93,975 96,625 100,575

HMSP ended the trading positively but with a position near its diagonal resistance that could limit the upside potential.

UNTR

Sell on strength

S2 S1 Level R1 R2
16,300 16,650 16,925 17,100 17,500

UNTR still continued the upside movement but with an open gap and a close near its previous high that could possibly slow down the upside turn.

* 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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