Daily Research 25 July 2016

positive Market.

research animasi

S2 S1 IDX R1 R2
5,150 5,172 5,197.2 5,216 5,242
  • Mixed global markets would not send in any support.
  • The IDX still carried on the downside turn in the middle of appearing foreign selling interest last week. A position near the psychological level of 5,200 would expectedly dampen the weak turn or vice versa.
  • Therefore, we predict that the IDX would be in the downside tendency today.

Daily Research:

ADHI

Speculative buy

S2 S1 Level R1 R2
2,620 2,680 2,720 2,770 2,850

ADHI ended the session in a flat range with a doji formation potentially create a technical rebound opportunity.

BBNI

Buy on weakness

S2 S1 Level R1 R2
5,000 5,200 5,300 5,475 5,700

BBNI moved lower with a long black candle pattern but with a presence of its horizontal support that could limit a further downturn.

INCO

Sell on strength

S2 S1 Level R1 R2
2,250 2,400 2,580 2,700 2,850

INCO closed the trading positively with a high volume but near its diagonal resistance and the RSI indicator still within the overbought area that could slow down the upside turn.

SIDO

Sell on strength

S2 S1 Level R1 R2
500 515 570 580 600

SIDO took a favorable mov e m ent supported by a high trading volume but with a position near its horizontal resistance and an overbought RSI trend that could potentially trim 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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