Daily Research 04 Aprilt 2016

Negative Market.

S2 S1 IDX R1 R2
4,800 4,827 4,843.1 4,875 4,900
  • Regional bourses traded mixed with positive tendency this morning, backed by 107 points gain in Dow Jones.
  • The IDX took a thin downturn with a doji formation near a resistance last week indicating a slower upside momentum.
  • We expect IDX to trade mixed with positive tendency today, backed by the overall positive sentiments from lower subsidized fuel price effective since 1 April.

Daily Research:


Buy on weakness

S2 S1 Level R1 R2
9,100 9,600 10,100 10,650 11,120

BMRI still moved lower near its diagonal support on Friday so that any further downturn maybe in a limited range.


Buy on weakness

S2 S1 Level R1 R2
10,550 10,875 11,100 11,450 11,725

BBRI was in the negative side last week but with a close near several supports that could potentially slow down the weak turn.


Trading buy

S2 S1 Level R1 R2
1,575    1,855 1,645 1,700 1,760 21,325

MPPA moved higher after on a consolidation with a long white candle and a high enough volume so that could lead to another positive movement.


Sell on strength

S2 S1 Level R1 R2
915 950 965 1,000 1,030

WSKT ended the session up but not followed by a high volume and the RSI trend near an overbought area in which could limit 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.


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s