Daily Research 22 June 2016

positive Market.

S2 S1 IDX R1 R2
4,814 4,839 4,878.7 4,896 4,933
  • Mixed regional markets would affect the trading direction.
  • The IDX still carried on the upside turn as foreign buying interest appeared yesterday. But so, an open gap and a doji would induce profit taking actions.
  • So, we predict that the IDX would still be in the positive side today.

Daily Research:


Speculative buy

S2 S1 Level R1 R2
4,490 4,650 4,850 5,000 5,200

BBNI managed to move higher with a full white candle and a high trading volume as well as a break on its downtrend channel suggesting a further upside opportunity.


Sell on strength

S2 S1 Level R1 R2
1,865 1,950 2,090 2,100 2,200

BSDE ended the session positively followed by a strong volume but the RSI trend in the overbought area that could trim the favorable movement.


Trading buy

S2 S1 Level R1 R2
366 386 402 425 441

MDLN edged higher supported by a high volume in which could lead to another positive turn.


Sell on strength

S2 S1 Level R1 R2
880 915 955 975 1,010

WTON closed the trading up near its diagonal resistance and a thin volume yesterday suggesting a limited upside 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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