Daily Research 15 July 2016

kiwoom-research-jumatpositive Market.

S2 S1 IDX R1 R2
5,016 5,050 5,083.5 5,099 5,133
  • A positive Dow Jones would expectedly improve the sentiment
  • The IDX took a correction triggered by profit taking actions yesterday. But so, still presence of foreign buying interest would expectedly limit the weak potential.
  • Therefore, we predict that the IDX would be in the negative side today.

Daily Research:


Buy on weakness

S2 S1 Level R1 R2
6,750 6,975 7,100 7,400 7,675

ASII moved negatively with a formation of evening doji and the presences of several supports that could potentially trim the downturn.


Sell on strength

S2 S1 Level R1 R2
1,380 1,435 1,500 1,560 1,600

CTRA closed the trading positively supported by a high enough volume but with a close near its diagonal resistance in which could dampen the current upswing.


Speculative buy

S2 S1 Level R1 R2
2,490 2,600 2,730 2,800 2,800

WSKT edged up rather considerably above its previous high indicating another favorable potential.


Trading buy

S2 S1 Level R1 R2
920 955 995 1,025 1,055

WTON ended the trading higher with the break on its diagonal resistance with a high enough volume suggesting a further 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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