Daily Research 04 August 2016


positive Market.

S2 S1 IDX R1 R2
5,299 5,325 5,351.8 5,373 5,400
  • Regional bourses on upside trend would send in the support.
  • The IDX moved relatively down after unable to keep the gaining turn yesterday. But so, still presence of foreign buying interest would limit the downside potential.
  • So, we predict that the IDX would be in the positive side today.

Daily Research:


Sell on strength

S2 S1 Level R1 R2
322 341 358 373 404

BEST moved up in a thin range with a shooting star pattern and failing to break its previous high so that could push for a correction potential.


Sell on strength

S2 S1 Level R1 R2
1,770 1,865 1,980 2,100 2,200

MAIN ended the session hig h e r but with the RSI trend in the overbought area in which could limit another upside turn.


Trading buy

S2 S1 Level R1 R2
9,350 9,700 10,175 10,525 10,775

SMGR closed the trading positively with a strong volume and a bearish engulfing formation indicating a further upside opportunity.


Speculative buy

S2 S1 Level R1 R2
780 810 830 870 910

TOTL moved in the negative area but not followed by a high volume. In addition, a presence of a horizontal support would create a technical rebound 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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