Daily Research 07 June 2016

positive Market.

S2 S1 IDX R1 R2
4,953 4,875 4,896.0 4,912 4,950
  • A positive Dow Jones and several regional markets in addition to a strong Rupiah would send in the supports.
  • The IDX resumed the upside turn supported by increasing foreign buying interest yesterday. But so, a presence of its recent high and profit taking risks would slow down this upswing.
  • Therefore, we predict that the IDX would be in an upside tendency for today.

Daily Research:


Speculative buy

S2 S1 Level R1 R2
4,000 6,600 6,850 7,125 7,400

ASII still carried on the upside movement but with the presence of its horizontal resistance that could limit another upside turn.


Sell on strength

S2 S1 Level R1 R2
3,560 3,660 3,800 3,900 4,000

PTPP ended the session down with a high enough volume and a bearish engulfing pattern that could lead to a further negative movement.


Sell on strength

S2 S1 Level R1 R2
2,515 2,600 2,690 2,735 2,830

WIKA continued its favorable trend but with a position near its horizontal resistance suggesting a limited upside opportunity.


Buy on weakness

S2 S1 Level R1 R2
2,270 2,360 2,410 2,550 2,620

WSKT ended the session on the weak side followed by a rather high volume and a formation of a bearish engulfing indicating another downside 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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