Daily Research 21 September 2016

S2 S1 IDX R1 R2
5,275 5,300   5,321.8 5,350 5,375
  • Further mixed global markets would not revive the trading activities.
  • The IDX took a correction after unable to keep up the gaining turn yesterday. In addition, a formation of a dark cloud cover would still give a negative sign
  • So, we predict that the IDX would in the negative side today.

Daily Research:


Sell on strength

S2 S1 Level R1 R2
1,510 1,570 1,665 1,705 1,760

BJBR managed an upside turn with a long white candle but with a not so strong volume and a presence of its recent high that could limit the positive opportunity.


Buy on weakness

S2 S1 Level R1 R2
7,900 8,200 8,350 8,700 9,000

INDF ended the trading n e gatively without a high volume and the presences of several supports that could expectedly dampen the weak turn.


Sell on strength

S2 S1 Level R1 R2
9,375 9,700 10,000 10,175 10,500

SMGR moved negatively with a dark cloud formation indicating a further downside movement.


Buy on weakness

S2 S1 Level R1 R2
840 880 890 935 970

WTON took a weak turn with a low volume and the presences of supports that could limit the downturn.

* 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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