Daily Research 15 September 2016


S2 S1 IDX R1 R2
5,100 5,125   5,146.0 5,175 5,200
  • Mixed global markets would not help improving the sentiment.
  • The IDX was under pressure once again with the break on the psychological level of 5,200 and rising foreign selling actions yesterday. But so, a position near the oversold area and an open gap would potentially dampen the downswing.
  • Therefore, we predict that the IDX would be in the negative side today.


Daily Research:


Buy on weakness

S2 S1 Level R1 R2
14,400 15,200 15,450 16,200 17,000

AALI was on the weak side near its diagonal support and a low volume so that a further downturn maybe in a limited range.


Sell on strength

S2 S1 Level R1 R2
2,430 2,520 2,560 2,620 2,680

ASRI managed a rebound after taking pressure lately. But so, a lack of volume would limit the upside opportunity.


Speculative buy

S2 S1 Level R1 R2
1,800 1,885 1,920 2,010 2,080

BBTN ended the session n e g atively with the break on diagonal support and a high volume suggesting another weak potential.


Trading buy

S2 S1 Level R1 R2
2,450 2,610 2,690 2,770 2,900

WIKA still carried on the weak turn with a long black candle pattern but the presences of several supports and an oversold RSI trend would limit 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.


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