Daily Research 25 April 2016

Negative Market.

S2 S1 IDX R1 R2
4,876 4,900 4,914.7 4,925 4,950
  • Mixed global bourses would affect the sentiment.
  • The IDX still continued the upside turn with the break on psychological level of 4,900 last week. But so, a position getting near its diagonal support would slow down this current upswing.
  • Therefore, we predict that the IDX would be in the positive side today.

Daily Research:


Buy on weakness

S2 S1 Level R1 R2
7,000 7,200 7,350 7,525 7,700

ASII still moved in the negative side but the presences of several supports would expectedly limit a further downturn.


Trading buy

S2 S1 Level R1 R2
3,400 3,600 3,760 4,000 4,205

EXCL took a weak turn near its diagonal support without a high volume so that any further downturn maybe in a limited range.


Trading buy

S2 S1 Level R1 R2
460 485 499 515 555

GIAA managed a rebound followed by an increasing volume indicating a further positive opportunity.


Buy on weakness

S2 S1 Level R1 R2
14,400 14,900 15,050 15,800 16,500

ICBP ended the session down with a low volume and unable to break its resistance. The presences of several supports would possibly limit the weak potential.

* 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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