Daily Research 09 June 2016

positive Market.

S2 S1 IDX R1 R2
4,875 4,896 4,916.0 4,933 4,950
  • Still mixed global markets would not send in any support.
  • The IDX took a correction with a bearish harami pattern yesterday signaling a negative potential. But so, a still presence of foreign buying interest would expectedly reduce the negative sentiment.
  • Therefore, we predict that the IDX would be in the negative side today.

Daily Research:


Buy on weakness

S2 S1 Level R1 R2
5,625 5,900 6,075 6,300 6,625

AKRA took a weak turn during the last several days in a row but with the presence of its horizontal support that could expectedly limit the weak movement.


Speculative buy

S2 S1 Level R1 R2
605 645 670 700 735

ANTM ended the session down with a low volume and a position near its diagonal support so that any further downturn maybe in a limited range.


Speculative buy

S2 S1 Level R1 R2
955 995 1,025 1,080 1,155

JPFA moved in the positive side followed by a full white candle and a high volume as well as a break on its horizontal resistance suggesting a further upside opportunity.


Sell on strength

S2 S1 Level R1 R2
940 1,000 1,045 1,070 1,130

LPKR ended the trading positively but only with a low volume and a close near its diagonal resistance that could possibly trim this current upswing.

* 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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