Daily Research 22 September 2016


S2 S1 IDX R1 R2
5,299 5,321   5,342.5 5,372 5,375
  • Dow Jones and Asian bourses traded positive this morning after The Fed decided not changing their monetary policy.
  • IDX traded positive with candlestick formed bullish engulfing pattern. However profit taking by foreign investors may cap upside potentials.
  • In all we expect IDX to trade positive today testing its resistance levels and also its recent high.

Daily Research:


Speculative buy

S2 S1 Level R1 R2
2,315 2,400 2,470 2,530 2,600

ADHI edged higher after taking pressure in the last 3 days indicating a rebound potential.


Sell on strength

S2 S1 Level R1 R2
7,900 8,200 8,550 8,700 8,900

ASII closed the trading po s it ively but without a high volume and the presences of several supports that could dampen a further upside turn.


Sell on strength

S2 S1 Level R1 R2
590 630 680 730 780

CTRP moved up quite significantly supported by a high enough volume. But so, its previous high would have the chance to limit the gaining turn.


Trading buy

S2 S1 Level R1 R2
2,400 2,500 2,610 2,700 2,800

EXCL managed to move up in a thin range with a bullish engulfing pattern. In addition, RSI trend still in the oversold would create another 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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