Daily Research 02 September 2016


S2 S1 IDX R1 R2
5,300 5,325 5,334.5 5,350 5,371
  • Lack of supporting factors would once again send in the pressure.
  • The IDX moved negatively with resuming foreign selling sentiment yesterday. A presence of psychological level of 5,300 would expectedly dampen the weak trend or vice versa if a break down occurs.
  • Therefore, we predict that the IDX would continue its downside tendency today.

Daily Research:


Sell on strength

S2 S1 Level R1 R2
625 670 700 730 770

ANTM edged lower with a formation of a bearish engulfing suggesting a further downside movement.


Speculative buy

S2 S1 Level R1 R2
4,500 4,670 4,750 4,900 5,100

JSMR ended the session lower near its diagonal support and an oversold RSI trend so that any further downturn maybe in a limited range.


Sell on Strength

S2 S1 Level R1 R2
2,650 2,750 2,820 3,020 3,100

PGAS closed the trading n e g atively with a long black candle pattern and a high enough volume indicating a further downside movement.


Buy on weakness

S2 S1 Level R1 R2
530 555 570 600 630

PWON still carried on the weak trend with an increasing volume and a close near its diagonal
support in which expectedly could slow down the downswing.

* 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.


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s