Daily Research 29 Maret 2016

Negative Market.

S2 S1 IDX R1 R2
4,725 4,750 4,773.6 4,800 4,827
  • Lack of supporting leads with a weakening Rupiah would affect the sentiment.
  • The IDX was under pressure once again with the break on psychological level of 4,800 and appearing foreign selling sentiment yesterday that could push for another negative movement.
  • So, we predict that the IDX would be in the negative side today.

Daily Research:


Buy on weakness

S2 S1 Level R1 R2
2,450 2,590 2,660 2,850 3,000

ADHI took a weak trend during the last 5 days but not followed by a high volume indicating a limited downside potential.


Buy on weakness

S2 S1 Level R1 R2
350 365 377 395 420

ASRI took a weak turn with a long black candle so that could lead to a further down toward its diagonal support.


Buy on weakness

S2 S1 Level R1 R2
10,400 10,800 11,100 11,400 12,000

BBRI took a downside turn after failing to stay near its resistance. But so, a presence of its diagonal support would limit the negative potential.


Sell on strength

S2 S1 Level R1 R2
1,550 1,615 1,715 1,750 1,830

SMRA still moved higher near its diagonal resistance and a decreasing volume that could possibly dampen the upside opportunity.

* 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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