Daily Research 27 May 2016

Negative Market.

S2 S1 IDX R1 R2
4,729 4,743 4,784.5 4,803 4,822
  • Relatively up regional markets would expectedly send in the support.
  • The IDX was in the positive side supported by foreign buying interest yesterday. But so, a presence of psychological level of 4,800 and a doji pattern would potentially slow down the upswing.
  • So, we predict that the IDX would be in the positive side today.

Daily Research:


Sell on strength

S2 S1 Level R1 R2
9,525 9,950 10,300 10,500 10,850

BBRI ended the session higher near its diagonal resistance and a low volume suggesting a limited upside potential.


Speculative buy

S2 S1 Level R1 R2
67,500 69,200 70,000 72,000 74,000

GGRM closed the trading negatively with a position near its diagonal support with a thin volume so that any further downturn maybe in a limited range.


Speculative buy

S2 S1 Level R1 R2
7,725 8,175 8,625 9,175 9,875

ITMG managed a favorable turn with the break on diagonal resistance indicating a further up opportunity.


Trading buy

S2 S1 Level R1 R2
610 640 680 725 780

TINS edged higher with a formation of a long white candle and an increasing volume that could lead to another upside movement.

* 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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