Daily Research 11 Maret 2016

Negative Market.

S2 S1 IDX R1 R2
4,750 4,775 4,793.2 4,831 4,850
  • Mixed global markets would affect the trading direction.
  • The IDX still resumed the downside movement followed by appearing foreign selling sentiment yesterday. But so, a doji pattern would indicate a not so strong downside momentum.
  • Therefore, we predict that the IDX would still be in the negative side today.

Daily Research:


Buy on weakness

S2 S1 Level R1 R2
10,000 10,500 11,000 11,475 12,000

BBRI took a weak turn again followed by rather high trading activities. But so, a presence of its diagonal support would expectedly limit the downturn.


Buy on weakness

S2 S1 Level R1 R2
1,200 1,265 1,315 1,350 1,400

KLBF ended the trading n egatively with a bearish engulfing formation indicating a further down sign to test its support.


Sell on strength

S2 S1 Level R1 R2
1,560 1,790 1,615 1,665 1,710 1,790

LSIP resumed the upswing but with a close near its diagonal resistance and an overbought RSI indicator that could dampen the upside opportunity.


Sell on strength

S2 S1 Level R1 R2
200 240 215 223 230 240

PPRO was in the negative territory followed by a bearish engulfing pattern signaling another weak 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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