Daily Research 16 September 2016


S2 S1 IDX R1 R2
5,225 5,250   5,265.8 5,275 5,300
  • A strong Dow Jones and global markets would expectedly send in the favorable support.
  • The IDX moved quite positively after taking deep downturn during the last 4 days. But so, still presence of foreign selling interest would slow down the upside potential.
  • So, we predict that he IDX would be in the positive side for today.


Daily Research:


Trading buy

S2 S1 Level R1 R2
1,885 1,950 2,130 2,180 2,250

BSDE ended the session p o s itively with the break on the diagonal resistance with a high volume so that could lead to another upside opportunity.


Sell on strength

S2 S1 Level R1 R2
7,700 8,125 8,475 8,525 8,725

INDF was in the positive side with a long white candle. But so, a position near its recent high would have the chance to dampen the gaining turn.


Sell on strength

S2 S1 Level R1 R2
9,450 9,700 9,950 10,000 10,350

SMGR took a rebound followed by a bullish engulfing formation but with a low volume and a position near its resistance potentially trimming a positive potential.


Trading buy

S2 S1 Level R1 R2
15,900 16,500 17,500 17,750 18,400

UNTR moved higher after taking deep pressure in the last several days with a bullish engulfing pattern suggesting a rebound momentum.

* 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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