Daily Research 10 Maret 2016

Negative Market.

S2 S1 IDX R1 R2
4,750 4,775 4,811.0 4,831 4,850
  • Relatively up global markets would expectedly improve the sentiment.
  • The IDX again resumed the weak movement on Tuesday with a thin foreign selling sentiment that could possibly limit the weak trend.
  • So, we predict that the IDX would be in the downside tendency today.

Daily Research:

BMRI

Sell on strength

S2 S1 Level R1 R2
9,300 9,625 10,000 10,350 10,700

BMRI still moved up slightly with a doji formation and a position at a resistance that could potentially dampen this upside turn.

PTBA

Sell on strength

S2 S1 Level R1 R2
6,000 6,300 6,625 7,000 7,300

PTBA again edged higher b u t followed by an evening doji star, a presence of a resistance and an overbought trend that could slow down this current upswing.

UNTR

Speculative buy

S2 S1 Level R1 R2
14,100 14,875 15,350 15,800 16,650

UNTR was in the positive side with a bullish engulfing pattern. In addition, a rather high volume would push for another upside opportunity.

UNVR

Speculative buy

S2 S1 Level R1 R2
40,600 42,725 43,500 45,725 47,800

UNVR took a weak turn during 4 days in a row but with a close near support and a hammer pattern that could create a 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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