Daily Research 10 May 2016

Negative Market.

S2 S1 IDX R1 R2
4,700 4,725 4,749.3 4,775 4,800
  • Still mixed global markets would not send in any support.
  • The IDX was down rather deep yesterday with the break on horizontal support and resuming foreign selling actions that could push for weak potential.
  • So, we predict that the IDX would still be in the negative side today.

Daily Research:


Buy on weakness

S2 S1 Level R1 R2
9,000 9,500 10,025 10,500 11,000

BBRI resumed the weak turn after unable to stay near its resistance. A break on support would once again create a negative potential for BBRI.


Buy on weakness

S2 S1 Level R1 R2
8,600 9,000 9,300 9,625 10,000

BMRI was under pressure with the break on its diagonal support and a rising volume suggesting a further downturn especially if its previous low is broken down.


Buy on weakness

S2 S1 Level R1 R2
6,600 6,850 6,950 7,300 7,500

INDF was on the weak side near its diagonal support with a low volume yesterday suggesting a limited negative potential.


Speculative buy

S2 S1 Level R1 R2
1,245 1,280 1,305 1,375 1,430

KLBF ended the trading negatively with a thin volume and also near its diagonal support that could limit a further downturn.

* 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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