Daily Research 29 June 2016

Negative Market.

S2 S1 IDX R1 R2
4,820 4,836 4,882.1 4,896 4,933
  • Rebound for global markets and a stronger Rupiah after a smooth approval of Tax Amnesty would send in the positive sentiment.
  • The IDX was on the positive side with the support of a high foreign buying sentiment yesterday in which could lead to a positive potential.
  • Therefore, we predict that the IDX would be in the positive side today.

Daily Research:


Trading buy

S2 S1 Level R1 R2
8,600 9,000 9,450 10,000 10,500

BMRI moved positively backed by an increasing volume and a break on its diagonal resistance that could push for another upside opportunity.


Trading buy

S2 S1 Level R1 R2
63,350 66,000 68,725 70,000 73,925

GGRM moved positively followed by a strong trading volume and breaking its diagonal resistance suggesting a favorable potential.


Trading buy

S2 S1 Level R1 R2
442 500 535 580 620

INDY was on sideways trend with a doji pattern after on a weak turn in the last several days creating a technical rebound potential.


Sell on strength

S2 S1 Level R1 R2
1,560 1,635 1,695 1,755 1,820

SMRA was in the negative side after failing to break its recent high with a bearish engulfing pattern signaling a further weak 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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