Daily Research 24 June 2016

positive Market.

S2 S1 IDX R1 R2
4,820 4,839 4,874.3 4,896 4,933
  • Positive global markets in the middle of England’s still temporary result in favor of out of EU would affect the sentiment.
  • The IDX took a correction after failing to stay near the psychological level of 4,900 yesterday. But so, still presence of foreign buying interest would slow down the weak turn.
  • So, we predict that the IDX would be in the negative side today.

Daily Research:


Buy on weakness

S2 S1 Level R1 R2
440 460 482 496 525

ASRI ended the trading lower after unable to keep up the gaining turn. Further, a formation of a bearish engulfing would still give a negative sign.


Sell on strength

S2 S1 Level R1 R2
12,000 12,500 12,950 13,500 14,000

BBCA again was in the positive side but in the middle of a not so high volume and a presence of a strong resistance potentially trimming the upside opportunity.


Speculative buy

S2 S1 Level R1 R2
4,900 5,100 5,225 5,425 5,675

JSMR ended the session down but with a thin volume and a position near its horizontal resistance suggesting a limited downside potential.


Buy on weakness

S2 S1 Level R1 R2
1,280 1,365 1,390 1,530 1,620

LSIP closed the trading negatively within its downtrend channel. But so, a low volume and the RSI trend near the oversold area would tend to limit the weak turn.

* 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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