Daily Research 12 August 2016

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Positive Market.

S2 S1 IDX R1 R2
5,375 5,400 5,419.0 5,440 5,475
  • A strong Dow Jones and the global markets would send in the positive sentiment.
  • The IDX was still in the negative side yesterday with a doji formation indicating a not so strong downside momentum.
  • Therefore, we predict that the IDX would be in the positive side today.

Daily Research:

ADRO

Buy on weakness

S2 S1 Level R1 R2
995 1,070 1,085 1,140 1,200

ADRO still kept on the weak trend with a long black candle. A downside potential would remain possible if the support of an uptrend channel is broken down.

MPPA

Speculative buy

S2 S1 Level R1 R2
2,900 3,000 3,090 3,300 3,400

PGAS ended the trading negatively near its diagonal support and not followed by a high volume so that any further downturn maybe in a limited range.

RALS

Sell on strength

S2 S1 Level R1 R2
1,165 1,230 1,295 1,350 1,400

RALS closed the trading up w ith a high volume but the RSI trend already in the overbought area and a diagonal resistance that could limit the upside potential.

PGAS

Speculative buy

S2 S1 Level R1 R2
2,900 3,000 3,090 3,300 3,400

PGAS ended the trading negatively near its diagonal support and not followed by a high volume so that any further downturn maybe in a limited range.

* 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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