Daily Research 19 May 2016

Negative Market.

S2 S1 IDX R1 R2
4,675 4,700 4,734.3 4,749 4,775
  • Mixed global bourses would affect the sentiment.
  • The IDX was in the positive side and formed sideways trend. A lack of foreign buying interest would limit the market movement
  • So, we predict that the IDX would be in the positive side today.

Daily Research:


Sell on strength

S2 S1 Level R1 R2
344 362 382 395 410

ASRI was in the positive territory with a formation of a long white candle but with the presence of its horizontal resistance that could limit the upside opportunity.


Trading buy

S2 S1 Level R1 R2
1,585 1,690 1,775 1,870 1,990

BSDE ended the trading higher with a strong enough volume after taking downswing during the last several days indicating a rebound momentum.


Buy on weakness

S2 S1 Level R1 R2
3,350 3,470 3,530 3,650 3,750

PTPP ended the session negatively with a thin volume and RSI indicator near the oversold area so that any further downturn maybe in a limited range.


Trading buy

S2 S1 Level R1 R2
12,000 12,550 13,025 13,525 14,075

UNTR managed a rebound supported by a high volume with RSI trend out of the oversold territory suggesting another positive 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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