Daily Research 10 February 2016

Negative Market.

S2 S1 IDX R1 R2
4,725 4,750 4,768.6 4,798 4,825
  • Global markets on downside trend would not provide any support.
  • The IDX took a correction with a formation of a hammer during an upswing yesterday. But so, still presence of foreign buying interest would possibly slow down the negative potential.
  • Therefore, we predict that the IDX would be in the negative territory today.

Daily Research:


Buy on weakness

S2 S1 Level R1 R2
11,400 11,725 11,975 12,275 12,750

BBRI was in the negative side followed by a bearish harami pattern. But so, a presence of its horizontal support would expectedly limit the downside potential.


Speculative buy

S2 S1 Level R1 R2
2,500 2,620 2,645 2,765 2,900

PGAS managed a slight upside turn on its consolidation trend with an increasing volume so that could lead to another positive opportunity.


Sell on strength

S2 S1 Level R1 R2
37,425 39,200 40,850 41,700 43,150

UNVR still moved higher bu t with a lower volume and the RSI indicator already in the overbought trend in which could dampen this favorable movement.


Buy on weakness

S2 S1 Level R1 R2
2,500 2,620 2,645 2,765 2,900

WIKA still continued the weak trend followed by a doji pattern and a position near its horizontal support indicating a limited downside potential.

* 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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