Daily Research 09 September 2016

kiwoom-research-jumat

S2 S1 IDX R1 R2
5,325 5,356   5,371.0 5,403 5,427
  • Still mixed global markets would not revive the trading activities.
  • The IDX was in the negative side after failing to keep up the gaining turn yesterday. In addition, still presence of foreign selling interest would push for a weak potential.
  • Therefore, we predict that the IDX would be in the negative tendency for today.

Daily Research:

ADRO

Sell on strength

S2 S1 Level R1 R2
1,150 1,200 1,270 1,300 1,350

ADRO ended the trading p o s itively near its diagonal resistance and the RSI trend near the overbought area so that could potentially dampen a further upside potential.

ISAT

Speculative buy

S2 S1 Level R1 R2
5,000 5,250 5,300 5,580 5,800

ISAT closed the session down with a position near a diagonal support with a low volume and also an overbought RSI indicator suggesting a limited negative potential.

KRAS

Sell on strength

S2 S1 Level R1 R2
770 850 905 960 1,000

KRAS moved in the positive side with a full white candle but with a lack of volume and a presence of a horizontal resistance possibly trimming a further upside turn.

PWON

Sell on strength

S2 S1 Level R1 R2
585 610 635 655 685

PWON was down in a thin range after failing to break its diagonal resistance indicating a further downside 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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