Daily Research 12 July 2016


positive Market.

S2 S1 IDX R1 R2
5,016    5,125 5,050 5,069.0 5,100 5,125
  • Still favorable global markets would once again send in the support.
  • The IDX took a favorable turn supported by a strong foreign buying sentiment yesterday. But so, a position near an overbought tendency would slow down this current upswing.
  • So, we predict that the IDX would be in the upside tendency today.

Daily Research:

Sell on strength

S2 S1 Level R1 R2
1,510 1,625 1,740 1,765 1,895

AISA closed the session up near its diagonal resistance and also an overbought tendency so that could slow down the favorable potential.


Sell on strength

S2 S1 Level R1 R2
1,025 1,100 1,180 1,255 1,345

JPFA ended the trading positively with a broken diagonal support but with an overbought RSI indicator that could potentially dampen the gaining turn.


Sell on strength

S2 S1 Level R1 R2
1,485 1,560 1,605 1,655 1,720

KLBF was in the positive side supported by a strong volume but with a presence of its horizontal resistance and the RSI trend already in the overbought trend that could limit the upswing.


Sell on strength

S2 S1 Level R1 R2
675 1,450 1,530 1,590 1,660

TINS moved up quite considerably with a break on its horizontal resistance. In addition, a rather high volume would push for another upside opportunity.

* 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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