Daily Research 07 April 2016

Negative Market.

S2 S1 IDX R1 R2
4,827 4,850 4,868.2 4,900 4,925
  • A positive Dow Jones and the global markets would expectedly send in the support.
  • The IDX remained in the upside tendency in the middle of lower foreign buying interest yesterday. Upside opportunity would still be possible but with a presence of a resistance that could limit this upswing.
  • So, we predict that the IDX would be in the positive side today.

Daily Research:


Trading buy

S2 S1 Level R1 R2
640 670 695 710 745

ADRO managed an upside turn with a bullish engulfing pattern also supported by a high enough volume indicating another upside potential.


Speculative buy

S2 S1 Level R1 R2
12,700 12,950 13,050 13,350 13,655

BBCA moved in the negative side with a long black candle but with a close near support in which potentially could create a technical rebound potential.


Speculative buy

S2 S1 Level R1 R2
3,650 3,750 3,790 3,950 4,085

PTPP ended the session lower with a doji pattern near its diagonal support yesterday so that any further downside movement maybe in a limited range.


Sell on strength

S2 S1 Level R1 R2
7,300 8,050 8,775 9,350 9,875

SILO still moved higher with a high trading volume but with the RSI indicator near the overbought trend that could limit 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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