Daily Research 22 April 2016

Negative Market.

S2 S1 IDX R1 R2
4,823 4,853 4,876.6 4,900 4,925
  • Global bourses still on upside trend would possibly improve the sentiment.
  • The IDX was down in a thin range with another doji pattern yesterday. But so, still pretence of foreign buying interest would expectedly dampen the negative potential.
  • Therefore, we predict that the IDX would be in the positive side today.

Daily Research:


Sell on strength

S2 S1 Level R1 R2
473 500 530 545 585

CTRP continued the upswing supported by a strong volume but with a close near resistance and an overbought


Buy on weakness

S2 S1 Level R1 R2
90,100 93,500 95,350 100,000 103,500

HMSP was on the weak side with a high enoughvolume yesterday. But so, a presence of several supports would potentially limit the downside movement.


Sell on strength

S2 S1 Level R1 R2
1,220 1,280 1,345 1,375 1,415

ROTI ended the session higher supported by a high volume yesterday but with the RSI indicator near an overbought territory that could slow down this favorable trend.


Speculative buy

S2 S1 Level R1 R2
2,550 2,645 2,710 2,795 2,905

WIKA moved higher with the break on the downtrend channel also supported by an increasing volume suggesting another upside opportunity.

* 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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