Daily Research 11 July 2016

positive Market.

S2 S1 IDX R1 R2
4,933 4,950 4,971.5 5,000 5,016
  • Favorable global bourses would send in the support after taking a long Lebaran holiday.
  • The IDX took a correction after failing to maintain the gaining turn in the beginning of July with a bearish mengulfing pattern. But so, a presence of foreign buying interest would limit the downside potential.
  • Therefore, we predict that the IDX would be in the negative side today.

Daily Research:

BBKP

Sell on strength

S2 S1 Level R1 R2
550 570 585 600 630

BBKP still moved higher but with a close at its rather strong diagonal resistance potentially dampening the upside opportunity.

HMSP

Buy on weakness

S2 S1 Level R1 R2
3,370 3,600 3,690 3,860 4,000

HMSP ended the trading negatively but with a position near its diagonal support with a not so high volume suggesting a limited downside potential.

MEDC

Sell on strength

S2 S1 Level R1 R2
1,200 1,420 1,870 1,910 2,060

MEDC was in the positive side supported by a high volume but with the RSI trend already in the
overbought area that could trim another upside movement.

WIKA

Buy on weakness

S2 S1 Level R1 R2
2,700 2,800 2,880 2,960 3,100

WIKA was in the negative side after failing to stay near its recent high. But so, a presence of a support would have the chance to limit the downturn.

* 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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