Daily Research 27 July 2016


positive Market.

S2 S1 IDX R1 R2
5,172 5,197 5,224.4 5,242 5,275
  • Several regional markets on upside trend would send in the favorable support.
  • The IDX was up in a thin range after relatively on the weak during yesterday’s trading. Still presence of foreign buying sentiment would maintain the market’s position.
  • Therefore, we predict that the IDX would be in the positive side today.

Daily Research:


Speculative buy

S2 S1 Level R1 R2
9,450 9,700 9,850 10,000 10,200

BMRI was in the negative side but with a doji pattern and a position near support that could create a rebound opportunity.


Sell on strength

S2 S1 Level R1 R2
270 290 328 350 370

BEST edged higher with a st rong volume but with a close near its diagonal resistance and an overbought RSI trend that could limit the upswing.


Sell on strength

S2 S1 Level R1 R2
66,000 69,200 71,000 76,000 78,000

GGRM took a negative turn with a high volume, a long black candle as well as a break on its diagonal support suggesting a further down.


Sell on strength

S2 S1 Level R1 R2
14,600 15,275 15,700 16,150 16,900

UNTR moved in the negative territory followed by a bearish engulfing formation indicating a further downside potential.

* 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