Daily Research 02 Maret 2016

Negative Market.

S2 S1 IDX R1 R2
4,733 4,750 4,779.9 4,798 4,825
  • A positive Dow Jones as well as the global bourses would send in the favorable support.
  • The IDX was still the positive territory yesterday in the middle of resuming foreign buying actions that could lead to another positive opportunit.
  • Therefore, we predict that the IDX would be in the positive side for today.

Daily Research:

ASII

Sell on strength

S2 S1 Level R1 R2
6,600 6,800 7,000 7,125 7,400

ASII still moved higher but with a close near its horizontal resistance in which could dampen the upside potential.

INDF

Sell on strength

S2 S1 Level R1 R2
6,600 6,900 7,150 7,300 7,500

INDF edged up near its d ia gonal resistance but not followed by a high volume and the RSI indicator already near the overbought area that could slow down this upswing.

SOCI

Sell on strength

S2 S1 Level R1 R2
440 465 478 500 520

SOCI ended the session up followed by a high enough volume but with the presences of several resistances that could trim this current upswing.

SRIL

Trading buy

S2 S1 Level R1 R2
222 237 261 270 285

SRIL managed a rebound turn supported by a rather high volume 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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