Daily Research 16 Maret 2016

Negative Market.

S2 S1 IDX R1 R2
4,793 4,813 4,849.7 4,877 4,900
  • Regional bourses traded mixed ahead of the Fed’s decision on its 15-16 March FOMC meeting.
  • The IDX ended the trading negatively yesterday followed by a formation of a dark cloud cover that could give a further downside sign.
  • We expect IDX to trade in negative territory today.

Daily Research:


Speculative buy

S2 S1 Level R1 R2
735 805 850 900 945

ACES took a weak turn near its diagonal support yesterday in which suggesting a limited downside potential.


Speculative buy

S2 S1 Level R1 R2
7,225 7,450 7,650 7,850 8,125

AKRA was in the negative area with a hammer pattern and a presence of its diagonal support in which could expectedly limit the weak movement.


Sell on strength

S2 S1 Level R1 R2
1,595 1,650 1,750 1,800 1,850

BBTN edged higher near i ts diagonal resistance but not followed by a high volume and the RSI indicator already in the overbought trend so that could dampen this current upswing.


Buy on weakness

S2 S1 Level R1 R2
1,695 1,780 1,875 1,940 2,025

INCO moved negatively with a formation of a bearish engulfing pattern indicating a further downside 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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