Daily Research 01 Maret 2016

Negative Market.

S2 S1 IDX R1 R2
4,733 4,750 4,770.9 4,798 4,825
  • Mixed global markets would affect the sentiment before the release of inflation data.
  • The IDX resumed the upside turn supported by further foreign buying interest yesterday that could lead to a favorable turn to challenge its recent high.
  • Therefore, we predict that the IDX would be in the upside tendency again for today.

Daily Research:


Sell on strength

S2 S1 Level R1 R2
770 820 920 945 1,000

BJBR moved higher near it s horizontal resistance but with a low volume that could potentially dampen the upside potential.


Buy on weakness

S2 S1 Level R1 R2
1,200 1,260 1,280 1,355 1,435

CTRA ended the trading lower near its diagonal support and also a head and shoulder potential with a low volume suggesting a limited negative movement.


Trading buy

S2 S1 Level R1 R2
975 1,000 1,025 1,070 1,125

LPKR moved in the positive side with a bullish engulfing pattern suggesting another favorable


Speculative buy

S2 S1 Level R1 R2
2,400 2,530 2,635 2,700 2,855

PGAS managed a slight positive turn in its consolidation trend with a bullish engulfing formation and a high volume creating a further up potential.

* 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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