Daily Research 01 July 2016

positive Market.

S2 S1 IDX R1 R2
4,933 4,950 4,980.1 5,000 5,025
  • Relatively up global markets would once more send in the favorable support.
  • The IDX resumed the upswing supported by high foreign buying sentiment yesterday. A position near a strong resistance would dampen the market’s upswing or vice versa if a break up occurs.
  • So, we predict that the IDX would again be in the positive side today.

Daily Research:


Sell on strength

S2 S1 Level R1 R2
6,975 7,200 7,400 7,450 7,625

ASII moved higher once again supported by a high enough volume but with a presence of an open gap that could slow down this upswing.


Sell on strength

S2 S1 Level R1 R2
10,000 10,450 10,800 10,925 11,275

BBRI still edged up in a thin range with a doji and an open gap suggesting a correction potential.


Speculative buy

S2 S1 Level R1 R2
15,550 16,275 16,875 17,500 18,500

INTP moved positively with a high enough volume and a break on resistance indicating a further upside opportunity.


Sell on strength

S2 S1 Level R1 R2
1,385 1,450 1,530 1,590 1,660

KLBF ended the trading positively near its diagonal resistance and also an overbought area potentially slowing down the current upside trend.

* 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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