Daily Research 09 August 2016


positive Market.

S2 S1 IDX R1 R2
5,400 5,420 5,457.9 5,475 5,500
  • A fairly flat Dow Jones and upside global bourses would affect he trading direction.
  • The IDX again was in the positive territory supported by resuming foreign buying actions yesterday but in the middle of an overbought trend.
  • Therefore, we predict that the IDX would still be in the upside tendency today.

Daily Research:


Speculative buy

S2 S1 Level R1 R2
1,760 1,870 1,900 2,000 2,100

AISA ended the trading negatively near its diagonal support with a low volume suggesting a limited downside potential.


Trading buy

S2 S1 Level R1 R2
91 99 106 115 124

BKSL edged higher with the break on its previous high supported by a strong volume indicating a further upside opportunity.


Buy on weakness

S2 S1 Level R1 R2
2,000 2,100 2,220 2,250 2,300

BSDE ended the trading hig h e r with a high volume but with a close near its diagonal resistance that could limit this upswing.


Sell on strength

S2 S1 Level R1 R2
2,970 3,150 3,270 3,455 3,625

PGAS moved negatively with a bearish engulfing formation signaling a further negative 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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