Daily Research 03 Maret 2016

Negative Market.

S2 S1 IDX R1 R2
4,779 4,798 4,836.2 4,850 4,875
  • Most of global markets still on upside trend would send in the positive sentiment.
  • The IDX resumed the upswing backed by a rather foreign buying sentiment yesterday. But so, a position near a resistance and an open gap would possibly slow down this upswing.
  • So, we predict that the IDX would be in the positive side today.

Daily Research:


Trading buy

S2 S1 Level R1 R2
1,110 1,180 1,195 1,285 1,385

AISA moved higher with the break on the horizontal resistance supported by a high volume in which suggesting another positive opportunity.


Buy on weakness

S2 S1 Level R1 R2
7,300 7,600 7,675 8,125 8,375

AKRA was in the negative side with the break on support of an uptrend channel in which could lead to a further downturn.


Sell on strength

S2 S1 Level R1 R2
5,750 6,000 6,300 6,500 6,825

BIRD continued the upside turn with a high volume. But so, the presences of several resistances would dampen the positive potential.


Buy on weakness

S2 S1 Level R1 R2
2,350 2,460 2,515 2,750 2,900

WIKA carried on the weak trend yesterday followed by a high trading volume indicating a further negative 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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