Daily Research 05 April 2016

Negative Market.

S2 S1 IDX R1 R2
4,773 4,816 4,850.1 4,885 4,950
  • Dow Jones closed negative, followed by Asian bourses this morning. Stronger Yen pushed down Nikkei this morning.
  • IDX traded slightly up. With its candlestick formed inverted hammer, IDX may get a technical correction to tests its strong diagonal support line.
  • We expect IDX to trade mixed with negative tendency today, as investors tend to lock their profits.

Daily Research:


Speculative buy

S2 S1 Level R1 R2
6,450 6,800 7,000 7,225 7,450

AKRA traded higher after traded sideways within the past few days. Backed by strong trading volume, AKRA may resume technical rebound today.


Sell on strength

S2 S1 Level R1 R2
415 450 500 510 530

ANTM traded sharply higher with strong trading volume. However it closed near short term diagonal resistance which also within overbought territory, which may trigger profit taking actions.


Sell on strength

S2 S1 Level R1 R2
7,000 7,200 7,400 7,450 7,625

ASII traded positive near recent high level. With relatively small trading volume, ASII may get technical correction near its resistance levels, thus limit upside potential.


Trading buy

S2 S1 Level R1 R2
1,400 1,625 1,815 1,970 2,150

INCO traded higher with increasing trading volume. Its candlestick formed “bullish engulfing” pattern which may followed by another positive movement today.

* 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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