Daily Research 15 February 2016

Negative Market.

S2 S1 IDX R1 R2
4,675 4,700 4,714.3 4,732 4,750
  • A strong Dow Jones and the global markets would improve the sentiment.
  • The IDX took a correction followed by appearing foreign selling interest last week. But so, a presence of a psychological level 4,700 would expectedly dampen the negative potential.
  • So, we predict that the IDX would be in the positive side for today.

Daily Research:


Sell on strength

S2 S1 Level R1 R2
1,385 1,430 1,495 1,525 1,570

BBTN still carried on the upside turn supported a high volume. But so, a close near resistance and an oversold RSI would potentially trim this current upswing.


Buy on weakness

S2 S1 Level R1 R2
14,075 14,500 14,725 15,100 15,450

ICBP remained in the negative territory but with the presences of several supports that could expectedly limit the weak turn.


Sell on strength

S2 S1 Level R1 R2
5,550 5,875 6,175 6,400 6,600

JSMR ended the session higher but with the RSI indicator already in the overbought area so that could slow down a further upside movement.


Buy on weakness

S2 S1 Level R1 R2
900 950 990 1,035 1,090

LPKR closed the trading hig h er with a doji pattern but not followed by a high volume. But so, presence of its horizontal support would possibly limit another downswing.

* 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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