Daily Research 21 July 2016

kiwoom-research-kamispositive Market.

S2 S1 IDX R1 R2
5,200 5,225 5,242.8 5,275 5,300
  • Dow Jones closed higher to book another record high. Regional bourses traded positive this morning.
  • The IDX still continued the favorable trend supported by foreign buying interest yesterday. Nevertheless, an overbought tendency would have the chance to trim this upside momentum.
  • Market seemed waiting for BI’s rate decision later today as we see chances for BI to lower BI Rate.
  • We expect IDX to trade mixed with positive tendency today.

Daily Research:


Sell on strength

S2 S1 Level R1 R2
5,300 5,425 5,650 5,750 5,950

BBNI ended the trading positively but with a lower volume and an overbought RSI trend so that could limit the upside opportunity.


Trading buy

S2 S1 Level R1 R2
69,200 72,000 75,025 76,000 78,000

GGRM edged higher with a rather high volume with the break on its diagonal resistance suggesting another positive potential.


Speculative buy

S2 S1 Level R1 R2
7,375 7,750 7,875 8,225 8,725

LPCK moved up quite considerably above its previous high. In addition, a strong volume would expectedly push for a favorable potential.


Buy on weakness

S2 S1 Level R1 R2
2,690 2,855 2,930 3,130 3,330

PGAS resumed the weak turn but with the presence of its horizontal support potentially limiting the downside movement.

* 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.


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s