Daily Research 08 August 2016


positive Market.

S2 S1 IDX R1 R2
5,373 5,400 5,420.2 5,450 5,475
  • Favorable Dow Jones and also the global market would send in the positive sentiment.
  • The IDX still carried on the upside trend in the middle of overbought tendency and a position near a resistance that could slow down the positive movement.
  • So, we predict that he IDX would be in the positive side today.

Daily Research:


Speculative buy

S2 S1 Level R1 R2
5,300 5,500 5,650 5,750 6,000

BBNI moved rather positiv e l y supported by a high enough volume that could create the opportunity to break its resistance.


Sell on strength

S2 S1 Level R1 R2
7,700 8,000 8,400 8,700 9,000

INDF moved in the positive side but still within the flag potential and an overbought trend that could limit the upside potential.


Sell on strength

S2 S1 Level R1 R2
4,000 4,800 4,200 4,450 10,525 10,775

PTPP still moved positively but in the middle of an overbought trend and a doji pattern that could limit the upswing.


Speculative buy

S2 S1 Level R1 R2
2,600 2,700 2,8002,900 2,900 3,000

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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