Daily Research 08 Maret 2016

Negative Market.

S2 S1 IDX R1 R2
4,775 4,798 4,831.5 4,850 4,875
  • Mixed global markets would affect the market’s sentiment.
  • The IDX moved negatively with a bearish engulfing pattern yesterday. But so, resuming foreign buying interest would expectedly limit the negative potential.
  • So, we predict that the IDX would be in the negative side for today.

Daily Research:


Speculative buy

S2 S1 Level R1 R2
6,600 6,800 6,850 7,125 7,400

ASII took a slight downturn but with a doji formation and a position near its horizontal support that could dampen a further negative movement.


Sell on strength

S2 S1 Level R1 R2
4,880 5,100 5,300 5,475 5,750

BBNI was still up but only f o llowed by a doji formation and a close near its resistance that could trim this upswing.


Buy on weakness

S2 S1 Level R1 R2
19,000 19,500 20,100 20,750 21,325

INTP closed the trading down with a formation of a bearish engulfing that sill send a further weak sign.


Trading buy

S2 S1 Level R1 R2
915 950 965 1,000 1,030

WTON moved higher supported by a high enough volume that could lead to another positive movement today.

* 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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