Daily Research 01 April 2016

Negative Market.

S2 S1 IDX R1 R2
4,800 4,827 4,845.3 4,875 4,900
  • Weak regional markets would send in negative sentiment before the release of inflation data.
  • The IDX resumed the upside turn at the end of 1Q16 also supported by foreign buying sentiment in which expectedly could keep this upside trend
  • Therefore, we predict that the IDX would be in t he negative side for today.

Daily Research:


Sell on strength

S2 S1 Level R1 R2
985 1,100 1,205 1,310 1,400

BMTR still moved higher yesterday but with a position near the overbought territory that could limit a further upside movement.


Buy on weakness

S2 S1 Level R1 R2
5,025 5,200 5,400 5,650 5,875

JSMR continued the weak trend also followed by an increasing volume suggesting another downside potential.


Sell on strength

S2 S1 Level R1 R2
1,315 1,370 1,445 1,480 1,560

KLBF moved in the positive side but with an open gap and a close near its horizontal resistance that could potentially create a correction potential.


Trading buy

S2 S1 Level R1 R2
450 475 484 515 545

PWON still moved down near its diagonal support on Thursday suggesting a limited negative movement.

* 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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