Daily Research 05 February 2016

Positive Market.

S2 S1 IDX R1 R2
4,625 4,650 4,665.8 4,693 4,725
  • Mixed global markets would not send in any support before a long weekend break.
  • The IDX moved quite favorably supported by foreign buying actions yesterday. A break over the previous high would once again create a favorable trend.
  • Therefore, we predict that the IDX would be in the positive territory today.

Daily Research:


Sell on strength

S2 S1 Level R1 R2
545 590 620 640 680

ADRO still moved in the positive side but with the presences of several resistances that could slow down the upside opportunity.


Sell on strength

S2 S1 Level R1 R2
53,100 57,750 59,900 61,750 63,700

GGRM moved higher near it s diagonal resistance but with a lower volume and overbought RSI that could potentially trim this gaining turn.


Speculative buy

S2 S1 Level R1 R2
1,215 1,290 1,350 1,450 1,550

MNCN managed a quite significant positive turn after taking deep pressure lately in which could lead to another positive turn.


Trading buy

S2 S1 Level R1 R2
174 215 264 295 340

SRIL edged higher supported by a high enough volume so that could lead to a rebound momentum.

* 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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