Daily Research 18 April 2016

Negative Market.

S2 S1 IDX R1 R2
4,773 4,800 4,823.5 4,853 4,875
  • Global markets on downside trend would send in the unfavorable pressure.
  • The IDX ended the trading relatively higher last week followed by a presence of foreign buying interest that could expectedly dampen the negative potential.
  • Therefore, we predict that the IDX would be in the downside tendency today.

Daily Research:

PPRO

Sell on strength

S2 S1 Level R1 R2
270 285 304 320 330

PPRO closed the session up but with a lower volume and the RSI trend still in the overbought area that could possibly dampen any further upside movement.

SMBR

Speculative buy

S2 S1 Level R1 R2
475 500 520 555 580

SMBR continued the deep weak movement but the presence of its horizontal support would expectedly limit a further downside turn.

SMRA

Trading buy

S2 S1 Level R1 R2
1,325 1,410 1,485 1,550 1,620

INTP took a weak step near its diagonal support and not followed by a high volume so that any further downturn maybe in a limited range.

LPKR

Sell on strength

S2 S1 Level R1 R2
1,085 1,135 1,175 1,200 1,250

LPKR still moved higher but with a position near its resistance and also an overbought RSI that could potentially dampen this 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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