Daily Research 11 February 2016

Negative Market.

S2 S1 IDX R1 R2
4,675 4,700 4,732.4 4,750 4,768
  • Mixed global markets would not provide any support in the middle of a stronger Rupiah.
  • The IDX ended the trading lower after failing to take a gaining turn yesterday. Appearing foreign selling interest would once again create a negative potential.
  • So, we predict that the IDX would once again be in the downside tendency today.

Daily Research:


Buy on weakness

S2 S1 Level R1 R2
9,375 9,650 9,825 10,125 10,400

BMRI still carried on the weak slide but with a lower volume and the presences of several supports that could expectedly limit the negative turn.


Sell on strength

S2 S1 Level R1 R2
57,100 59,000 61,500 62,500 64,000

GGRM edged higher near its diagonal resistance with a decreasing volume and overbought RSI that could have the chance to trim the gaining trend.


Trading buy

S2 S1 Level R1 R2
179 185 194 200 210

PPRO moved higher with the break on its diagonal resistance suggesting another favorable opportunity.


Sell on strength

S2 S1 Level R1 R2
1,680 1,765 1,855 1,870 1,950

WSKT was in the positive s i de supported by a high enough volume. But so, an overbought RSI indicator and a position near its horizontal resistance would have the chance to slow down the upswing.

* 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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