Daily Research 06 June 2016

Negative Market.

S2 S1 IDX R1 R2
4,796 4,833 4,853.9 4,875 4,900
  • Mixed global markets would affect the sentiment.
  • The IDX was in the positive side with resuming foreign buying interest last week in which expectedly could dampen the negative potential.
  • So, we predict that the IDX would still be in the positive side today.

Daily Research:

AALI

Sell on strength

S2 S1 Level R1 R2
13,850 14,850 15,575 16,500 17,450

AALI ended the session higher near its diagonal resistance with a low volume that could possibly trim another upside opportunity.

ADHI

Speculative buy

S2 S1 Level R1 R2
2,430 2,530 2,600 2,680 2,760

ADHI edged higher supported by a high volume and a break on its horizontal resistance that could lead to another upside turn

ADRO

Sell on strength

S2 S1 Level R1 R2
665 745 386 845 925

ADRO closed the trading positively with a strong volume but with its RSI trend already in the overbought area that could slow down a further upside movement.

MAPI

Trading buy

S2 S1 Level R1 R2
3,575 3,780 4,000 4,190 4,430

MAPI moved up with a long white candle and also a break on its resistance of a down trend channel so that could create another 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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