Daily Research 10 August 2016

kiwoom-research-kamis

positive Market.

S2 S1 IDX R1 R2
5,400 5,420 5,440.2 5,475 5,500
  • Relatif melemahnya beberapa bursa regional dapat mempengaruhi sentimen.
  • The IDX took a correction after failing to keep up the gaining turn yesterday. But so, still presence of foreign buying interest would potentially limit the negative potential.
  • So, we predict that the IDX would be in the negative side for today.

Daily Research:

BJTM

Speculative buy

S2 S1 Level R1 R2
585 625 650 680 720

BJTM still carried on the weak turn but with a close near its horizontal support that could limit the weak turn.

BMRI

Sell on strength

S2 S1 Level R1 R2
11,000 11,400 11,800 12,150 12,500

BMRI ended the trading h ig her with a decreasing volume and an overbought RSI trend in which could limit the upside trend.

CTRA

Sell on strength

S2 S1 Level R1 R2
1,480 1,530 1,620 1,650 1,700

CTRA closed the session positively with a high volume but with a close near its diagonal resistance as well as its overbought tendency that could slow down the upswing.

SMGR

Sell on strength

S2 S1 Level R1 R2
10,450 11,125 11,600 11,625 12,100

SMGR moved up rather significantly supported by a high volume but already near its horizontal resistance and an overbought trend in which could limit the upside movement.

* 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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