Daily Research 20 May 2016

Negative Market.

S2 S1 IDX R1 R2
4,650 4,675 4,704.2 4,734 4,749
  • A weak Dow Jones would send in the negative sentiment in the middle of mixed global markets.
  • The IDX resumed the downside trend with appearing foreign buying interest yesterday. A position near the psychological level of 4,700 would expectedly reducethe negative sentiment or vice versa if a break down occurs.
  • Therefore, we predict that the IDX would be in the negative side.

Daily Research:

ASII

Trading buy

S2 S1 Level R1 R2
5,700 6,000 6,250 6,425 6,650

ASII moved in a flat range after taking weak turn in the last several days and a presence of a horizontal support that could limit the weak turn.

BBTN

Buy on weakness

S2 S1 Level R1 R2
1,480 1,600 1,640 1,750 1,825

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

SILO

Sell on strength

S2 S1 Level R1 R2
8,050 8,750 9,275 9,400 9,900

SILO closed the trading higher supported by a high enough volume. But so, RSI trend near an overbought tendency would possibly dampen a further upside opportunity.

SMRA

Sell on strength

S2 S1 Level R1 R2
1,390 1,475 1,530 1,560 1,635

SMRA was still in the positive territory supported by a strong volume but with a presence of a horizontal resistance that could slow down this upswing.

* 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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