Daily Research 29 July 2016


positive Market.

S2 S1 IDX R1 R2
5,245 5,274 5,299.2 5,325 5,350
  • Still mixed global markets would affect the trading direction in the middle corporate result releases.
  • The IDX was still in positive side yesterday but in the middle of overbought trend that could push profit taking actions
  • Therefore, we predict that the IDX would be in the positive side today.

Daily Research:


Sell on strength

S2 S1 Level R1 R2
1,350 1,400 1,530 1,550 1,600

BJBR ended the trading hig h e r with a high volume and the RSI trend already in the overbought area potentially limiting a further upturn.


Sell on strength

S2 S1 Level R1 R2
7,700 8,000 8,450 8,600 8,900

INDF closed the trading positively with a strong volume and an overbought RSI indicator suggesting a limited upside potential.


Sell on strength

S2 S1 Level R1 R2
16,000 16,600 17,200 17,600 18,000

INTP was in the positive sid e but with a close near the resistance of an uptrend that could dampen the positive opportunity.


Sell on strength

S2 S1 Level R1 R2
280 290 302 315 330

KIJA was in the positive side yesterday but with a close near the upper band of an uptrend channel that could trim the upside 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.


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