Daily Research 16 February 2016

Negative Market.

S2 S1 IDX R1 R2
4,700 4,725 4,740.7 4,775 4,800
  • Still favorable global markets would send in the support.
  • The IDX moved in the positive side yesterday but with the presence of foreign selling interest that could slow down this gaining turn.
  • Therefore, we predict that the IDX would be in the positive side today.

Daily Research:

ADHI

Sell on strength

S2 S1 Level R1 R2
2,235 2,460 2,730 2,760 1,570

ADHI edged higher near its diagonal resistance with a lower volume and the RSI indicator in the overbought trend that could dampen a further upside turn.

LPCK

Trading buy

S2 S1 Level R1 R2
5,450 5,575 5,925 6,250 6,700

LPCK moved up quite considerably supported by a high volume in which could lead to another favorable opportunity.

MAPI

Sell on strength

S2 S1 Level R1 R2
3,575 3,710 3,950 4,100 4,320

MAPI was in the positive s id e again but with a close near its diagonal resistance and a low volume suggesting a limited upside potential.

UNVR

Sell on strength

S2 S1 Level R1 R2
39,450 40,600 41,575 42,075 43,600

UNVR still managed another slight gain but with the presence of its resistance and an overbought RSI indicator that could create a correction 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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