Daily Research 13 May 2016

Negative Market.

S2 S1 IDX R1 R2
4,749 4,775 4,803.3 4,825 4,850
  • Mixed global markets would affect the sentiment at the end of the week.
  • The IDX was up in a thin range with an increasing foreign buying interest and a doji pattern yesterday. An upside potential would remain possible if the psychological level of 4,800 is broken up or vice versa.
  • So, we predict that the IDX would be in the positive territory today.

Daily Research:

GJTL

Buy on weakness

S2 S1 Level R1 R2
630 680 705 735 770

GJTL remained in the weak side but with a close near several supports that could potentially limit the downswing.

ICBP

Sell on strength

S2 S1 Level R1 R2
14,400 14,900 15,550 15,800 16,500

ICBP ended the trading higher yesterday but only with a low volume and near its diagonal resistance that could possibly trim this upside turn.

ITMG

Sell on strength

S2 S1 Level R1 R2
7,250 7,800 8,300 8,550 9,150

ITMG moved up quite considerably but with a presence of horizontal resistance and an overbought RSI trend possibly limiting this positive trend.

TLKM

Sell on strength

S2 S1 Level R1 R2
3,550 3,690 3,760 3,785 3,900

TLKM edged higher supported by a strong volume. But so, several resistances would possibly dampen TLKM’s favorable trend.

* 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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