Daily Research 22 July 2016

kiwoom-research-kamispositive Market.

S2 S1 IDX R1 R2
5,172 5,200 5,216.9 5,242 5,275
  • A weak Dow Jones and the regional markets would send in the negative sentiment.
  • The IDX took a correction after a failed upside attempt yesterday. But so, a still presence of foreign buying interest would limit the downside movement.
  • So, we predict that the IDX would be in the negative side today.

Daily Research:


Buy on weakness

S2 S1 Level R1 R2
6,150 6,325 6,525 6,725 7,000

AKRA moved lower with a formation of a long black candle with an increasing volume potentially push for a further downturn.


Sell on strength

S2 S1 Level R1 R2
1,585 1,675 1,735 1,810 1,880

SMRA was in the negative side with a bearish engulfing formation. In addition, a break on support of an uptrend channel would suggest another downside turn.


Speculative Buy

S2 S1 Level R1 R2
1,340 1,500 1,380 1,420 1,470 1,500

CTRA was in the negative side but with a position near its diagonal support indicating a limited downside potential.


Sell on strength

S2 S1 Level R1 R2
1,120 1,200 1,420 1,460 1,500

JPFA took a further upside movement with a high volume but an overbought RSI trend that could dampen the upswing.

* 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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