Daily Research 12 February 2016

Negative Market.

S2 S1 IDX R1 R2
4,732 4,750 4,775.8 4,798 4,825
  • A negative Dow Jones and the global indices would send in the unfavorable pressure.
  • The IDX moved quite positively supported by a high enough foreign buying interest yesyerday. In addition, a formation of a bullish engulfing would still suggest a further up potential.
  • Therefore, we predict that the IDX would be in the negative side today.

Daily Research:

BBNI

Sell on strength

S2 S1 Level R1 R2
5,000 5,200 5,400 5,500 5,800

BBNI still moved in the positive area but with a presence of its diagonal resistance and an overbought RSI that could potentially trim the upside opportunity.

BEST

Trading buy

S2 S1 Level R1 R2
180 197 202 214 238

BEST was up slightly supported by a high volume yesterday. In addition, RSI indicator in the oversold trend would create a further positive potential.

PWON

Trading buy

S2 S1 Level R1 R2
415 435 472 485 515

PWON edged higher follo w ed by a high enough volume suggesting another favorable potential.

SMRA

Sell on strength

S2 S1 Level R1 R2
1,300 1,395 1,585 1,620 1,710

SMRA remained in the positive side supported by a high volume but with a position near its diagonal resistance potentially slowing down the current 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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