Daily Research 23 September 2016

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S2 S1 IDX R1 R2
5,321 5,342   5,380.2 5,403 5,425
  • A positive Dow Jones would send in the support.
  • The IDX still moved higher supported by foreign buying interest yesterday. But so, a doji and open gap would create a correction potential.
  • Therefore, we predict that the IDX would be in the positive side today.

Daily Research:

BMRI

Sell on strength

S2 S1 Level R1 R2
11,075 11,400 11,650 11,800 12,200

BMRI still moved up but with a close near several resistances that could limit gain.

TLKM

Sell on strength

S2 S1 Level R1 R2
4,050 4,160 4,230 4,300 4,450

TLKM ended the session n e g atively with high volume and near diagonal resistance suggesting a further down.

INDF

Sell on strength

S2 S1 Level R1 R2
8,200 8,500 8,675 8,900 9,100

INDF edged higher near diagonal resistance with low volume that could limit gain.

SMCB

Trading buy

S2 S1 Level R1 R2
900 1,000 1,095 1,145 1,215

SMCB managed to take significant upside turn with strong volume after on sideways trend indicating 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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