Daily Research 08 June 2016

positive Market.

S2 S1 IDX R1 R2
4,896 4,912 4,933.9 4,950 4,975
  • Mixed global markets would affect the trading direction.
  • The IDX continued the upside turn with the break on its recent high and high enough foreign buying actions yesterday that still could lead to another favorable opportunity.
  • So, we predict that the IDX would be in the positive side today.

Daily Research:


Sell on strength

S2 S1 Level R1 R2
940 990 1,020 1,030 1,050

BJBR ended the trading higher but only with a thin volume and the RSI indicator already near the overbought trend so that could dampen this upswing.


Sell on strength

S2 S1 Level R1 R2
3,400 3,575 3,710 3,745 3,925

CPIN moved positively but with a close near its previous high that could potentially create a correction potential.


Speculative buy

S2 S1 Level R1 R2
725 770 820 860 910

GJTL managed a favorable turn with a break on horizontal resistance and a high enough volume suggesting a further upside opportunity.


Sell on strength

S2 S1 Level R1 R2
15,500 16,000 16,750 17,000 17,300

ICBP ended the session in the positive side also breaking its recent high with a high volume. But so, RSI indicator near the overbought area would possibly trim this favorable movement.

* 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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