Daily Research 03 May 2016

Negative Market.

S2 S1 IDX R1 R2
4,750 4,775 4,808.3 4,825 4,850
  • Rebound taken by Dow Jones would send in the support.
  • The IDX was down once again followed by resuming foreign selling actions yesterday with a close near psychological level of 4,800 and a hammer pattern would create a rebound potential.
  • So, we predict that the IDX would be in the positive side today.

Daily Research:


Buy on weakness

S2 S1 Level R1 R2
1,585 1,690 1,760 1,870 1,990

BSDE ended the trading in the weak side near its diagonal volume with a not so high volume so that any further downside turn maybe in a limited range.


Buy on weakness

S2 S1 Level R1 R2
9,500 10,000 10,275 10,800 11,200


BBRI ended the session negatively with a formation of a bearish engulfing signaling a further downside potential.


Trading buy

S2 S1 Level R1 R2
456 480 505 530 550

PWON was on the weak side with a position near its several supports with a low volume that could expectedly slow down the downturn.


Speculative buy

S2 S1 Level R1 R2
42,000 42,925 43,950 45,400 47,800

WIKA still carried on the downside trend but with a formation of a hammer potentially creating a rebound 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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