Daily Research 14 July 2016


positive Market.

S2 S1 IDX R1 R2
5,069 5,099 5,133.9 5,150 5,175
  • Mixed world’s markets would affect the trading direction.
  • The IDX still moved higher in the middle of resuming foreign buying interest yesterday. But so, an overbought tendency would slow down the upside potential.
  • So, we predict that eh IDX would be in the upside tendency today.

Daily Research:


Trading buy

S2 S1 Level R1 R2
700 735 795 820 850

ANTM ended the trading positively with the break on its horizontal resistance with a high enough volume suggesting another upside opportunity.


Trading buy

S2 S1 Level R1 R2
262 285 302 320 341

BEST was in the positive side by breaking its downtrend channel supported by a high volume
indicating a further up potential.


Sell on strength

S2 S1 Level R1 R2
1,720 1,800 1,885 1,920 1,975

SMRA closed the trading positively near its diagonal resistance and an overbought RSI indicator that could slow down the upswing.


Speculative buy

S2 S1 Level R1 R2
2,745 2,830 2,860 2,950 3,050

WIKA was on a flat range yesterday with the presences of several supports that could expectedly create a technical rebound.

* 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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