Daily Research 17 June 2016

positive Market.

S2 S1 IDX R1 R2
4,775 4,800 4,814.3 4,821 4,848
  • Further mixed world’s indices would not help improving the sentiment.
  • The IDX was only down in a thin range with another doji pattern yesterday. Appearing foreign buying interest would potentially dampen the weak movement.
  • Therefore, we predict that the IDX would be in the positive side for today.

Daily Research:

Buy on weakness

S2 S1 Level R1 R2
2,520 2,600 2,660 2,770 2,855

ADHI moved negatively with a formation of a bearish engulfing signaling another downside potential.


Sell on strength

S2 S1 Level R1 R2
1,265 1,365 1,440 1,550 1,625

closed the session in the negative side with a shooting star pattern and a high enough volume indicating a further downside sign.

Trading buy

S2 S1 Level R1 R2
655 680 755 770 800

ANTM edged higher followed by a strong volume yesterday suggesting another positive opportunity.


Buy on weakness

S2 S1 Level R1 R2
1,280 1,370 1,435 1,480 1,550

LSIP carried on the weak movement but with the presences of several supports in which expectedly  could limit this downturn.

* 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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