Daily Research 09 Mei 2016

Negative Market.

S2 S1 IDX R1 R2
4,775 4,800 4,822.6 4,850 4,875
  • Mixed global markets would affect the trading direction.
  • The IDX was in the positive side again with a doji formation last week. But so, a still presence of foreign selling interest would have the chance to dampen the upside potential.
  • Therefore, we predict that the IDX would be in the positive territory today.

Daily Research:


Buy on weakness

S2 S1 Level R1 R2
2,400 2,500 2,600 2,750 2,900

ADHI ended the trading negatively with a low volume and the presences of several supports that could expectedly limit the weak turn.


Buy on weakness

S2 S1 Level R1 R2
350 365 380 400 418

ASRI again took a downside turn with the break on its diagonal support that still could lead to a further down especially if its next support is broken down.


Sell on strength

S2 S1 Level R1 R2
1,600 1,695 1,830 1,860 1,900

BBTN ended the session higher but with a low volume and RSI indicator in the overbought area that could possibly slow down this upswing.


Speculative buy

S2 S1 Level R1 R2
18,000 18,700 19,400 20,000 20,800

INTP closed the trading up with a formation of a bullish engulfing pattern which still provided another positive sign.

* 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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