Daily Research 12 April 2016

Negative Market.

S2 S1 IDX R1 R2
4,750 4,775 4,786.9 4,827 4,846
  • Mixed global bourses would affect the trading direction.
  • The IDX was still under pressure followed by resuming foreign selling actions yesterday. But so, a position near a support would have the chance to slow down the downswing.
  • Therefore, we predict that the IDX would be in the negative side for today.

Daily Research:


Buy on weakness

S2 S1 Level R1 R2
12,300 12,750 12,975 13,350 13,650

BBCA still moved lower with a close near its horizontal support. A break on this support would once again create a weak trend.


Buy on weakness

S2 S1 Level R1 R2
9,600 10,000 10,475 10,800 11,100

BBRI was still in the positive territory with the break on support in the middle of a high enough volume indicating a further downside potential.


Sell on strength

S2 S1 Level R1 R2
6,000 6,300 6,675 7,000 7,300

PTBA remained in the positive side but with a formation of a doji near a resistance that could
potentially limit the upside opportunity.


Sell on strength

S2 S1 Level R1 R2
3,235 3,315 3,380 3,430 3,500

TLKM moved in the negative territory followed by a bearish harami formation signaling another downside 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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