Daily Research 30 May 2016

Negative Market.

S2 S1 IDX R1 R2
4,775 4,803 4,814.7 4,829 4,845
  • Mixed regional indices would affect the sentiment.
  • The IDX managed an upside turn with a close above the psychological level of 4,800 dand resuming foreign buying actions last week.
  • So, we predict that the IDX would be in the positive side today.

Daily Research:


Sell on strength

S2 S1 Level R1 R2
860 900 935 970 1,000

BJBR was in the positive side but only followed by a low volume and the movement remaining in the rectangle pattern that could limit the movement.


Sell on strength

S2 S1 Level R1 R2
14,900 15,500 16,300 16,500 17,000

ICBP ended the session higher with a formation of a long white candle but followed by a thin volume and an overbought RSI trend that could dampen a further upside movement.


Sell on strength

S2 S1 Level R1 R2
8,400 8,800 9,375 9,650 10,300

SILO ended the trading up with a d long white candle and a low volume and the RSI near the overbought tendency suggesting a limited upside opportunity.


Trading buy

S2 S1 Level R1 R2
840 880 920 960 1,000

WTON moved positively with an increasing volume and a break on its short term resistance that could create a favorable 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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