Daily Research 27 September 2016


S2 S1 IDX R1 R2
5,300 5,321   5,352.1 5,388 5,403
  • Pressure taken by Dow Jones and the global markets would once again send in the negative sentiment.
  • The IDX took a correction yesterday followed by a black candle in which could push for a further downturn.
  • So, we predict that the IDX would be in the negative side today.

Daily Research:


Speculative buy

S2 S1 Level R1 R2
1,085 1,150 1,200 1,250 1,300

ADRO ended the trading n e g atively near its diagonal support with a low volume suggesting a limited downside potential.


Buy on weakness

S2 S1 Level R1 R2
4,500 4,640 4,680 4,830 4,980

JSMR was down once again with a long black candle. A further downturn would remain possible of its recent low is broken down.


Speculative buy

S2 S1 Level R1 R2
2,570 2,690 2,840 2,950 3,110

PGAS managed a rather significant upside turn supported by a strong volume indicating another upside opportunity.


Buy on weakness

S2 S1 Level R1 R2
800 840 855 900 935

WTON took a weak turn near its diagonal support with a thin volume that could limit the negative movement.

* 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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