Daily Research 03 June 2016

Negative Market.

S2 S1 IDX R1 R2
4,775 4,796 4,839.6 4,845 4,875
  • Still not improved global markets and S&P maintaining the rating for Indonesia would send in the negative sentiment.
  • The IDX moved quite favorably yesterday after maintaining position near the psychological level of 4,800 and resuming foreign buying actions that could create a positive trend.
  • Therefore, we predict that the IDX would be in the downside tendency today.

Daily Research:


Trading buy

S2 S1 Level R1 R2
242 214 282 300 320

BEST was in the positive side with a formation of a bullish engulfing and an increasing volume so that could lead to another upside movement.


Speculative buy

S2 S1 Level R1 R2
900 930 975 1,000 1,050

BJBR moved rather positively backed a high enough volume creating another favorable potential especially if the resistance of a rectangle is broken up.


Sell on strength

S2 S1 Level R1 R2
1,350 1,400 1,460 1,500 1,550

LSIP was in the positive side but with a position still near its strong diagonal resistance suggesting a limited upside opportunity.


Sell on strength

S2 S1 Level R1 R2
13,000 13,525 13,950 14,475 15,025

UNTR was down in a thin range with a bearish engulfing pattern indicating a further negative 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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