Daily Research 27 Januari 2016

Negative Market.

S2 S1 IDX R1 R2
4,456 4,475 4,510.4 4,525 4,550
  • A positive Dow Jones would send in the favorable support.
  • The IDX closed the trading slightly higher yesterday but in the presence of foreign selling interest and a position still near resistance.
  • Therefore, we predict that the IDX would move in the positive side today.

Daily Research:


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.


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.


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.


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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