Daily Research 22 August 2016

research animasi


Positive Market.

S2 S1 IDX R1 R2
5,375 5,400 5,416.0 5,461 5,480
  • Most of the global markets on relatively weak trend would send in the pressure.
  • The IDX took a correction after failing to keep up the gaining turn last week. In addition, a formation of a dark could cover and a presence of foreign selling interest would potentially push for a further down.
  • Therefore, we predict that the IDX would be in the negative side today.

Daily Research:


Sell on strength

S2 S1 Level R1 R2
995 1,070 1,105 1,140 1,200

ADRO took a deep downturn with a long black candle and a break on support of an uptrend channel indicating a further down


Speculative buy

S2 S1 Level R1 R2
1,750 1,850 1,870 2,000 2,150

MNCN ended the session weaker with a high volume but in the middle of an oversold RSI trend indicating a limited downside movement.


Sell on strength

S2 S1 Level R1 R2
9,800 10,250 10,725 11,600 12,000

SILO ended the trading n e gatively followed by a bearish harami pattern suggesting another weak potential.


Trading buy

S2 S1 Level R1 R2
830 870 895 930 975

TOTL moved higher with the break over its previous high so that could lead to another upside opportunity.

* 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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