Daily Research 30 August 2016



S2 S1 IDX R1 R2
5,320 5,350 5,370.7 5,403 5,427
  • Mixed global bourses would not send in any support.
  • The IDX was down once again with the break on its support of an uptrend channel and also a presence of foreign selling interest that could push for another downside movement.
  • So, we predict that the IDX would be in the negative side for today.

Daily Research:


Speculative Buy

S2 S1 Level R1 R2
650 700 715 775 830

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


Buy on Weakness

S2 S1 Level R1 R2
440 474 486 505 540

ASRI edged lower with a long black candle pattern but with a presence of its horizontal support that could expectedly slow down the downturn.


Sell on Strength

S2 S1 Level R1 R2
1,425 1,510 1,605 1,680 1,760

BJBR moved in the negative side followed by a bearish engulfing formation signaling a further down potential.


Speculative Buy

S2 S1 Level R1 R2
2,050 2,100 2,130 2,250 2,300

BSDE closed the trading n e gatively with a position near its diagonal support and a not so 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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