Daily Research 01 June 2016

Negative Market.

S2 S1 IDX R1 R2
4,750 4,775 4,796.8 4,836 4,845
  • World’s markets on downside tendencies would send in the negative sentiment before the release of inflation data.
  • The IDX took a correction yesterday in the presence of foreign buying interest in which expectedly could slow down the negative potential.
  • So, we predict that the IDX would be in the negative side today.

Daily Research:


Sell on strength

S2 S1 Level R1 R2
8,500 8,900 9,025 9,400 9,950

BMRI took a weak turn with a high enough volume after unable to break its resistance yesterday so that could lead to a further downturn.


Sell on strength

S2 S1 Level R1 R2
450 480 498 530 565

GIAA ended the trading negatively with a formation of a shooting star and a quite high volume indicating another downside sign.


Sell on strength

S2 S1 Level R1 R2
1,350 1,390 1,430 1,445 1,510

KLBF managed a positive turn supported by a high enough volume but with a position neat its recent high that could potentially limit the upside opportunity.


Sell on strength

S2 S1 Level R1 R2
3,500 3,630 3,700 3,780 3,910

PTPP edged up in a thin range with a doji formation and a close near its diagonal resistance potentially trimming the 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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