Daily Research 22 February 2016

Negative Market.

S2 S1 IDX R1 R2
4,650 4,675 4,697.5 4,725 4,745
  • Still mixed global markets would not send in any support.
  • The IDX took a rather deep correction followed by a high foreign selling sentiment last week that could lead to a further down especially if the 4,700 level is broken down.
  • So, we predict that the IDX would still be in the downside tendency today.

Daily Research:


Speculative buy

S2 S1 Level R1 R2
1,535 1,640 1,730 1,870 1,975

BSDE was on the weak sid e near its diagonal support on Friday in which suggesting a limited downside potential.


Buy on weakness

S2 S1 Level R1 R2
1,185 1,225 1,265 1,300 1,355

KLBF was in the negative territory followed by a formation of a bearish engulfing signaling another weak potential.


Sell on strength

S2 S1 Level R1 R2
1,285 1,340 1,400 1,415 1,460

ROTI moved higher but not supported by a high volume that could potentially trim any further positive opportunity.


Buy on weakness

S2 S1 Level R1 R2
3,060 3,135 3,195 3,290 3,385

TLKM took a weak turn with the break on its uptrend channel with a high volume suggesting a further negative movement.

* 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.


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s