Daily Research 28 September 2016


S2 S1 IDX R1 R2
5,388 5,403   5,419.6 5,461 5,480
  • A positive Dow Jones in the middle of mixed global markets would affect the sentiment.
  • The IDX closed the session higher followed by a bullish engulfing pattern yesterday. But so, presence of foreign selling sentiment would potentially dampen
    the upswing.
  • Therefore, we predict that the IDX would be in the positive side today.

Daily Research:


Sell on strength

S2 S1 Level R1 R2
585 625 770 775 820

ANTM moved higher supported by volume but with a close near its diagonal resistance that could dampen the upswing.


Trading buy

S2 S1 Level R1 R2
2,570 2,700 2,970 3,100 3,260

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


Trading buy

S2 S1 Level R1 R2
2,390 2,480 2,650 2,700 2,800

WIKA moved up with a s tr o ng volume after taking pressure in the last 3 days in which could lead to a rebound momentum.


Trading buy

S2 S1 Level R1 R2
16,500 17,200 18,100 18,700 19,250

UNTR was in the positive side with a long white candle with a high enough volume suggesting another upside opportunity.

* 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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