Daily Research 05 October 2016


S2 S1 IDX R1 R2
5,400 5,425   5,472.3 5,500 5,523
  • A weak Dow Jones and several regional markets would send in the negative sentiment.
  • The IDX was still in the positive side followed by appearing foreign buying interest yesterday. But so, a doji formation would indicate a slower upside
  • Therefore, we predict that the IDX would be in the negative side for today.

Daily Research:


Sell on strength

S2 S1 Level R1 R2
1,180 1,250 1,305 1,350 1,400

ADRO took a weak turn yesterday with a shooting star pattern in which suggesting another downside potential.


Sell on strength

S2 S1 Level R1 R2
62,500 65,000 66,975 68,025 70,400

GGRM still carried on the upside turn followed by a long white candle but with the presence of a diagonal resistance that could trim the upswing.


Buy on weakness

S2 S1 Level R1 R2
4,080 4,200 4,300 4,450 4,600

PTPP moved in the negative area with a dark cloud cover. But so, presences of several supports would expectedly limit the negative potential.


Sell on strength

S2 S1 Level R1 R2
4,160 4,300 4,360 4,450 4,550

TLKM ended the trading neg a t ively with a shooting star formation in which could lead to another downside 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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