Daily Research 26 May 2016

Negative Market.

S2 S1 IDX R1 R2
4,729 4,743 4,772.9 4,803 4,822
  • Another favorable step by Dow Jones as well as the global markets would provide the positive sentiment.
  • The IDX moved quite positively yesterday with the breaks on resistances and the presence of foreign buying sentiment signaling a further upside movement.
  • Therefore, we predict that the IDX would continue its positive trend today.

Daily Research:


Trading buy

S2 S1 Level R1 R2
2,900 3,120 3,340 3,450 3,680

EXCL ended the session positively with a formation of a long white candle and a high volume suggesting a further upside opportunity.


Sell on strength

S2 S1 Level R1 R2
2,170 2,300 2,420 2,460 2,600

PGAS still carried on the upside turn but not followed by a strong volume and the presences of several resistances that could possibly limit the gaining movement.


Trading buy

S2 S1 Level R1 R2
8,225 8,650 8,825 9,100 9,500

SMGR was in the positive territory with a bullish harami pattern after on a downtrend during the last view days in which could expectedly lead to a further upside step.


Sell on strength

S2 S1 Level R1 R2
1,410 1,470 1,585 1,620 1,695

SMRA closed the trading higher near its diagonal resistance with a thin volume indicating a limited upside 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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