Daily Research 23 February 2016

Negative Market.

S2 S1 IDX R1 R2
4,650 4,675 4,708.6 4,725 4,745
  • A positive Dow Jones and the global markets would send in the favorable support.
  • The IDX edged higher in a thin range after taking a mixed session yesterday. Nevertheless, still presence of foreign selling actions would slow down the positive potential.
  • Therefore, we predict that the IDX would be in the positive side for today.

Daily Research:


Speculative buy

S2 S1 Level R1 R2
10,000 10,650 10,975 11,700 12,200

BBRI took a weak step n ear its diagonal support yesterday suggesting a limited downside potential.


Buy on weakness

S2 S1 Level R1 R2
2,900 3,160 3,365 3,700 4,000

CPIN ended the session lower with a high trading volume indicating another downside sign.


Trading buy

S2 S1 Level R1 R2
444 455 461 475 488

PWON closed the trading negatively but with a presence of a support of an uptrend channel creating a technical rebound opportunity.


Buy on weakness

S2 S1 Level R1 R2
9,700 10,075 10,125 10,450 10,975

SMGR continued the weak trend but with a close near its horizontal support in which expectedly could limit a further weak 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.


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