Daily Research 19 February 2016

Negative Market.

S2 S1 IDX R1 R2
4,745 4,765 4,778.7 4,798 4,828
  • Mixed global markets and lower BI Rate would affect the trading activities.
  • The IDX still managed another positive turn with the presence of foreign buying sentiment yesterday. But so, a doji formation and profit taking risks would slow down the upside trend.
  • Therefore, we predict that the IDX would be in the negative side today.

Daily Research:


Sell on strength

S2 S1 Level R1 R2
5,100 5,275 5,450 5,650 5,875

BBNI was in the negative side with a shooting star pattern after on an upturn during the last several days that could possibly dampen the favorable opportunity.


Trading buy

S2 S1 Level R1 R2
1,305 1,405 1,535 1,655 1,770

INCO edged higher supported by a high volume suggesting another positive potential.


Trading buy

S2 S1 Level R1 R2
2,200 2,315 2,700 2,800 3,000

PGAS ended the session u p with the break on its horizontal resistance and a high enough volume that could lead to a further positive turn.


Sell on strength

S2 S1 Level R1 R2
1,800 1,875 1,950 2,000 2,050

WSKT closed the trading lower followed by a bearish shooting star formation and a still overbought trend indicating further downside signs.

* 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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