Daily Research 30 June 2016

Negative Market.

S2 S1 IDX R1 R2
4,933 4,950 4,980.1 5,000 5,025
  • Still strong global markets would send in the favorable support.
  • The IDX moved up quite favorably with a break on its recent high yesterday. In addition, rather high foreign buying interest would keep this upside potential in the middle of window dressing potential at the end of 2Q16.
  • So, we predict that the IDX would still be in the positive side today.

Daily Research:


Sell on strength

S2 S1 Level R1 R2
4,600 4,850 5,200 5,425 5,675

BBNI ended the session higher followed by a high volume but with the RSI trend already in the
overbought area and an open gap that could dampen the upside potential.


Buy on weakness

S2 S1 Level R1 R2
16,000 16,750 17,000 18,000 19,000

ICBP closed the session negatively near its diagonal support with a high volume suggesting another downside potential.


Sell on strength

S2 S1 Level R1 R2
1,025 1,065 1,125 1,175 1,225

LPKR edged higher rather considerably with a full white candle but with a presence of its horizontal resistance that could dampen this upswing.


Trading buy

S2 S1 Level R1 R2
915 950 975 1,000 1,040

WTON moved up supported by a strong volume. Further, a break on resistance would also suggest another favorable 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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