Daily Research 03 February 2016

Negative Market.

S2 S1 IDX R1 R2
4,525 4,550 4,587.4 4,602 4,624
  • Pressure taken by Dow Jones and the global markets would send in the negative sentiment.
  • The IDX took a correction followed by appearing foreign selling interest yesterday. But so, a doji formation would indicate a not so strong downside trend.
  • Therefore, we predict that the IDX would be in the negative territory today.

Daily Research:

AKRA

Sell on strength

S2 S1 Level R1 R2
6,325 6,725 7,525 7,600 7,850

AKRA edged higher nea r its diagonal resistance yesterday with only a low volume that could slow down a further upside opportunity.

EXCL

Sell on strength

S2 S1 Level R1 R2
3,650 3,820 3,930 4,005 4,200

EXCL was on a strong trend in the last 3 days also supported by a high volume. But so, the presences of several resistances would dampen the current upswing.

WIKA

Buy on weakness

S2 S1 Level R1 R2
2,500 2,620 2,705 2,900 3,035

WIKA took a weak movement followed by a high enough volume indicating a further negative potential.

WSKT

Speculative buy

S2 S1 Level R1 R2
1,690 1,735 1,780 1,820 1,870

WSKT moved in the positive side with the break on its diagonal resistance that could lead to another favorable 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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