Daily Research 28 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 sentiment.
  • The IDX again took a weak turn with the break on its support level on Thursday. But so, absence of foreign selling interest and a presence of 4,800 psychological level would limit the downswing.
  • Therefore, we predict that the IDX would be in the negative side today.

Daily Research:


Speculative buy

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

AKRA still carried on the weak turn but with a close near its horizontal support indicating a limited downside potential.


Sell on strength

S2 S1 Level R1 R2
900 995 1,080 1,175 5,750

BMTR ended the session down after unable to break its diagonal resistance and the RSI trend remaining in the overbought area suggesting a further downside movement.


Trading buy

S2 S1 Level R1 R2
18,400 19,200 19,700 20,750 21,700

INTP took a weak step near its diagonal support and not followed by a high volume so that any further downturn maybe in a limited range.


Sell on strength

S2 S1 Level R1 R2
1,085 1,135 1,175 1,200 1,250

LPKR still moved higher but with a position near its resistance and also an overbought RSI that could potentially dampen this upswing

* 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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