Daily Research 07 Maret 2016

Negative Market.

S2 S1 IDX R1 R2
4,798 4,798 4,850.8 4,875 4,900
  • Most of the global markets on upside trend would become the positive sentiment.
  • The IDX was again in the positive side supported by resuming foreign buying interest last week. But so, a position near resistance and a hammer pattern would dampen the upside potential.
  • Therefore, we predict that the IDX would be in the upside tendency today.

Daily Research:


Sell on strength

S2 S1 Level R1 R2
62 70 78 83 92

BKSL still carried on the upside movement supported by a high volume but with a presence of a diagonal resistance and an overbought RSI that could trim this upswing.


Sell on strength

S2 S1 Level R1 R2
175 190 210 220 230

PPRO ended the session h igher with a high trading volume but with a close near its diagonal resistance and the RSI trend already in an overbought area that could limit a further upside turn.


Sell on strength

S2 S1 Level R1 R2
5,050 5,400 5,800 6,600 7,300

PTBA closed the trading up with a doji pattern and a lower volume added with an overbought RSI potentially trimming any further upside movement.


Speculative buy

S2 S1 Level R1 R2
2,320 2,410 2,470 2,545 2,625

WIKA managed a slight upside turn with a doji and the RSI indicator still in oversold territory that could possibly open up a technical rebound 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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