Daily Research 29 April 2016

Negative Market.

S2 S1 IDX R1 R2
4,800 4,825 4,848.3 4,875 4,900
  • Pressure taken by Dow Jones and several regional markets would send the negative sentiment.
  • The IDX was only up in a thin range yesterday followed by resuming foreign selling actions and a formation of a doji indicating a slower upside momentum.
  • So, we predict that the IDX would be in the negative side for today.

Daily Research:


Buy on weakness

S2 S1 Level R1 R2
2,400 2,510 2,650 2,805 2,910

ADHI was still in the negative side with a formation of a long black candle but with the presence of its horizontal support that could limit the current downswing.


Sell on strength

S2 S1 Level R1 R2
9,200 9,500 9,825 9,975 10,300

BMRI edged higher but not supported by a high volume and a close near its diagonal resistance that could trim the upside opportunity.


Sell on strength

S2 S1 Level R1 R2
2,400 2,500 2,655 2,750 2,850

MIKA still carried on the upside turn near its horizontal resistance yesterday with RSI indicator near an overbought trend and a not so strong volume that could slow down the upswing.


Speculative buy

S2 S1 Level R1 R2
41,700 43,150 43,475 44,525 45,750

UNVR took an upside turn with a bullish engulfing formation indicating a further positive potential in the next trading day.

* 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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