Daily Research 06 April 2016

Negative Market.

S2 S1 IDX R1 R2
4,800 4,827 4,843.1 4,875 4,900
  • A negative Dow Jones and mixed regional markets would affect the trading direction.
  • The IDX was still in the positive trend supported by foreign buying interest yesterday. But so, a doji near resistance would limit the upside opportunity.
  • Therefore, we predict that the IDX would be in the positive side today.

Daily Research:


Buy on weakness

S2 S1 Level R1 R2
14,450 14,900 15,250 15,500 15,950

ICBP moved in the negative side with a bearish engulfing formation suggesting another downside movement.


Trading buy

S2 S1 Level R1 R2
4,750 5,100 5,500 5,800 6,100

JSMR took a weak turn near its diagonal support and not followed by a high volume yesterday indicating a limited downside potential.


Speculative buy

S2 S1 Level R1 R2
1,350 1,390 1,405 1,445 1,500

KLBF remained in the neg a tive side but not followed by a high volume and a closing of an open gap that could potentially create a technical rebound potential.


Sell on strength

S2 S1 Level R1 R2
440 495 520 560 595

SOCI ended the session hig h e r with a doji pattern and RSI indicator still in the overbought territory so that could dampen this current 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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