Daily Research 04 October 2016


S2 S1 IDX R1 R2
5,400 5,425   5,463.9 5,500 5,523
  • Mixed global markets would affect the trading direction.
  • The IDX moved rather positively yesterday with a close slightly above its previous high. A break over the resistance would once again create a positive potential or vice versa.
  • So, we predict that the IDX would be in the positive side today.

Daily Research:


Speculative buy

S2 S1 Level R1 R2
2,310 2,370 2,480 2,560 2,660

ADHI managed a rebound turn after taking pressure in the last several days with a long white candle and a high volume suggesting a further positive opportunity.


Trading buy

S2 S1 Level R1 R2
418 444 474 500 535

ELSA was in the positive territory followed by a bullish harami pattern suggesting a further up potential.


Sell on strength

S2 S1 Level R1 R2
2,700 2,900 3,130 3,280 3,450

INCO moved up with a hig h e nough volume but near its diagonal resistance and an overbought RSI trend that could dampen this current upside movement.


Sell on strength

S2 S1 Level R1 R2
835 870 935 970 995

WTON edged higher with a high enough volume but with a close near its diagonal resistance that could slow down the upswing.

* 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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