Daily Research 24 February 2016

Negative Market.

S2 S1 IDX R1 R2
4,600 4,625 4,654.0 4,675 4,708
  • A negative Dow Jones and the world markets would not improve the sentiment.
  • The IDX took a deep downturn with the break on the psychological level of 4,700 yesterday with resuming foreign investors selling actions that could push for a further down.
  • So, we predict that the IDX would once again be in the negative side today.

Daily Research:

ADHI

Buy on weakness

S2 S1 Level R1 R2
2,300 2,460 2,510 2,760 2,900

ADHI took a weak turn nea r its horizontal support with a high enough volume suggesting another downside potential.

AKRA

Trading buy

S2 S1 Level R1 R2
6,725 7,025 7,225 7,850 8,325

AKRA ended the trading lower but not followed by a high volume and a position near its diagonal support that could potentially limit a further downturn.

ITMG

Sell on strength

S2 S1 Level R1 R2
4,730 5,250 5,800 6,000 6,650

ITMG was still in the positive side but with a close near its diagonal resistance that could slow down this upswing.

CTRA

Trading buy

S2 S1 Level R1 R2
1,295 1,295 1,330 1,355 1,395

CTRA managed a slight upside turn with a doji formation indicating a further upside opportunity.

* 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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