Daily Research 04 Maret 2016

Negative Market.

S2 S1 IDX R1 R2
4,779 4,798 4,844.0 4,875 4,900
  • Mixed global markets would affect the trading direction.
  • The IDX stayed in the positive side as foreign buying actions also resumed yesterday. But so, a doji near resistance would indicate a slower upside trend.
  • So, we predict that the IDX would be in the negative side today.

Daily Research:


Sell on strength

S2 S1 Level R1 R2
855 900 960 970 1,000

ACES continued the upside movement followed by a high enough volume but with a close near its diagonal resistance in which could limit another positive movement


Sell on strength

S2 S1 Level R1 R2
355 370 387 395 415

ANTM carried on the positi v e trend with a decreasing volume and an overbought RSI indicator that could dampen another upside turn.


Speculative buy

S2 S1 Level R1 R2
5,575 7,075 5,975 6,175 6,500 7,075

LPCK moved up in a thin range in its consolidation trend with a high trading volume indicating a further up opportunity.


Sell on strength

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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