Daily Research 20 September 2016

S2 S1 IDX R1 R2
5,275 5,300   5,321.8 5,350 5,375
  • Still mixed global markets would not send in any support.
  • The IDX resumed the upside turn supported by appearing foreign buying interest yesterday. But so, a still low volume and a presence of a resistance would limit the upside turn.
  • Therefore, we predict that the IDX would be in the positive side today.


Daily Research:


Buy on weakness

S2 S1 Level R1 R2
4,950 5,175 5,300 5,600 5,850

BBNI edged lower with a formation of a long black candle and also a high volume suggesting another downside potential.


Trading buy

S2 S1 Level R1 R2
59,000 61,500 65,025 66,000 69,200

GGRM ended the trading p o sitively supported by a high enough volume indicating a further upside opportunity.


Sell on strength

S2 S1 Level R1 R2
1,465 1,520 1,570 1,610 1,665

LSIP was in the positive area but with a low volume and the presences of several resistances that could slow down the upswing.


Sell on strength

S2 S1 Level R1 R2
3,850 4,000 4,200 4,400 4,600

TLKM moved higher near its diagonal resistance and a lack of volume so that could potentially dampen the upside 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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