Daily Research 22 Maret 2016

Negative Market.

S2 S1 IDX R1 R2
4,813 4,849 4,885.1 4,900 4,925
  • Global markets in mixed tendencies would not improve the trading activities.
  • The IDX was again in a flat range with resuming foreign buying actions yesterday. A presence of its diagonal resistance would seem be able to limit the market’s movement.
  • So, we predict that he IDX would be in the positive side today.

Daily Research:

ANTM

Sell on strength

S2 S1 Level R1 R2
426 453 470 480 505

ANTM moved lower after unable to break its recent high. In addition, a close near its horizontal resistance would push for a further downside movement.

BSDE

Sell on strength

S2 S1 Level R1 R2
1,820 1,875 1,910 1,945 2,005

BSDE still moved in the negative side but with a doji pattern and an overbought RSI indicator that could limit any further upside opportunity.

LPKR

Sell on strength

S2 S1 Level R1 R2
6,175 6,475 6,800 7,125 7,650

LPKR took an upturn near it s horizontal resistance with a lower volume and the RSI trend already in the overbought territory potentially dampening any positive potential.

MNCN

Sell on strength

S2 S1 Level R1 R2
1,750 1,950 2,100 2,300 2,500

MNCN ended the session slightly higher with a bearish shooting star pattern and an overbought RSI that could create a correction 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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