Daily Research 12 May 2016

Negative Market.

S2 S1 IDX R1 R2
4,749 4,775 4,799.9 4,825 4,850
  • Pressure on Dow Jones and the global markets would send in the negative sentiment.
  • The IDX still moved positively yesterday but followed by a not so strong foreign buying interest and a position at psychological level of 4,800 that could dampen the upside opportunity.
  • So, we predict that the IDX would be in the negative side today.

Daily Research:


Trading buy

S2 S1 Level R1 R2
9,450 9,775 10,000 10,225 10,525

BBRI was in the negative side but with a close at its strong support in which could create a technical rebound opportunity.


Sell on strength

S2 S1 Level R1 R2
6,600 6,850 7,175 7,450 7,700

INDF was in the positive side but with a position at a resistance and a doji formation that could trim the upside turn.


Speculative buy

S2 S1 Level R1 R2
2,200 2,300 2,390 2,500 2,600

PGAS managed a rebound after testing its previous low one day before in which expectedly could lead to a further upside turn.


Trading buy

S2 S1 Level R1 R2
1,325 1,375 1,435 1,480 1,540

SMRA took a rebound turn with a high volume and moving away from oversold area yesterday indicating a further favorable 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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