Daily Research 19 September 2016

S2 S1 IDX R1 R2
5,225 5,250   5,267.7 5,275 5,300
  • Dow Jones and some global markets on downside tendency would not send in any support.
  • The IDX was only up in a thin range after taking a mixed session last Friday. A presence of a doji and foreign selling interest would indicate a not so strong upside momentum.
  • So, we predict that the IDX would be in the negative side today.


Daily Research:


Buy on weakness

S2 S1 Level R1 R2
15,900 16,600 17,250 18,175 18,700

INTP took a weak turn followed by a bearish engulfing formation and a high volume but with a close near its diagonal support so that could limit the negative potential.


Buy on weakness

S2 S1 Level R1 R2
4,300 4,500 4,550 4,760 4,940

JSMR moved in the negative side with a bearish engulfing pattern. A break on its previous low and a support would once again create a downside potential.


Speculative buy

S2 S1 Level R1 R2
2,510 2,650 2,660 2,850 2,950

PGAS ended the tradin g negatively nearing its diagonal support with a low volume suggesting a limited downside potential.


Sell on strength

S2 S1 Level R1 R2
570 605 630 640 660

PWON still managed a thin upside turn but with a close near its horizontal resistance so that any further upside turn maybe in a limited range.

* 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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