Daily Research 16 June 2016

positive Market.

S2 S1 IDX R1 R2
4,775 4,800 4,814.8 4,821 4,848
  • Mixed global markets after the Fed kept the benchmark rate on hold would affect the trading direction.
  • The IDX was in the negative side in the middle of resuming foreign selling actions yesterday. But so, a presence of psychological level of 4,800 and a doji would once again limit the weak potential.
  • So, we predict would be in an upside tendency today.

Daily Research:


Trading buy

S2 S1 Level R1 R2
362 386 408 426 452

ASRI managed a rebound with a full white candle and an increasing volume suggesting another upside opportunity.


Buy on weakness

S2 S1 Level R1 R2
59,400 63,150 64,350 69,200 72,000

GGRM ended tge session lower with the break on its diagonal support with a high volume. But so, a position near the oversold area would possibly limit a further downturn.


Speculative buy

S2 S1 Level R1 R2
1,350 1,390 1,425 1,465 1,510

KLBF was in the positive side with a formation of a bullish engulfing in which suggesting a further upside movement.


Sell on strength

S2 S1 Level R1 R2
2,500 2,640 2,810 2,900 3,100

WIKA ended the trading positively supported by a strong volume but with the RSI trend near the
overbought area that could possibly dampen a further positive 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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