Daily Research 13 September 2016


S2 S1 IDX R1 R2
5,225 5,250   5,281.9 5,299 5,320
  • A strong Dow Jones and regional bourses would expectedly reduce the negative sentiment.
  • The IDX moved negatively with the break over its recent low last week. Further, a quite high foreign selling sentiment would push another downside movement.
  • So, we predict that the IDX would be in the negative side today.

Daily Research:


Sell on strength

S2 S1 Level R1 R2
11,175 11,500 11,750 12,150 12,475

BBRI was in the negative side with a bearish engulfing formation providing another downside sign.



S2 S1 Level R1 R2
3,780 3,910 4,050 4,210 4,370

TLKM edged lower with a long black candle formation. In addition, a break on support of an uptrend channel would create a further down sign.


Buy on weakness

S2 S1 Level R1 R2
43,000 44,000 44,725 45,900 47,000

UNVR ended the trading weaker near its diagonal support but with a low volume so that any further downturn maybe in a limited range.


Sell on strength

S2 S1 Level R1 R2
585 610 635 655 685

WIKA closed the trading negatively with a high volume and also a break down over uptrend channel suggesting a further downside potential.

* 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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