Daily Research 07 October 2016


S2 S1 IDX R1 R2
5,375 5,400   5,409.3 5,420 5,438
  • Global markets on downside tendencies would affect the sentiment.
  • The IDX again took a weak turn after unable to take a rebound yesterday. In addition, resuming foreign selling interest would push a weak potential.
  • Therefore, we predict that the IDX would be in the negative side today.

Daily Research:


Sell on strength

S2 S1 Level R1 R2
11,700 12,150 12,400 12,500 12,750

BBRI was up yesterday but not followed by a high enough volume and also an overbought RSI indicator that could dampen the upside opportunity.


Sell on strength

S2 S1 Level R1 R2
228 250 276 290 312

DOID edged higher with a formation of a long white candle and a high enough volume. On the other hand, presences of several resistances would limit the upside potential


Sell on strength

S2 S1 Level R1 R2
17,300 18,000 18,700 19,250 20,050

ITMG ended the session p o s itively with a long white candle but an overbought RSI trend that could trim the upswing.


Buy on weakness

S2 S1 Level R1 R2
900 940 955 985 1,020

LPKR took a rather deep downturn during the last several days but with the presence of a horizontal support and an oversold RSI indicator suggesting a limited 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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