Daily Research 25 February 2016

Negative Market.

S2 S1 IDX R1 R2
4,600 4,625 4,657.7 4,675 4,708
  • Mixed global bourses would affect the trading direction.
  • The IDX ended the session fairly higher yesterday with a doji pattern suggesting a slower downside momentum in the middle of resuming foreign selling interest.
  • Therefore, we predict that the IDX would be in the positive side today.

Daily Research:

ASII

Speculative buy

S2 S1 Level R1 R2
6,000 6,200 6,400 6,650 6,900

ASII still carried on the weak movement but with a doji pattern. In addition, a close near its diagonal support would create a technical rebound opportunity.

MNCN

Sell on strength

S2 S1 Level R1 R2
1,385 1,550 1,680 1,750 1,875

MNCN edged higher but nea r its diagonal resistance of a downtrend and a lower volume that could limit this upswing.

SILO

Trading buy

S2 S1 Level R1 R2
7,000 7,500 7,800 9,000 9,600

SILO remained in the negative side with a decreasing volume and an oversold trend that could limit a further downturn.

WSKT

Trading buy

S2 S1 Level R1 R2
1,855 1,915 1,950 1,980 2,040

WSKT managed a positive turn followed by a bullish engulfing formation suggesting another favorable 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.

Advertisements

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