Daily Research 11 October 2016

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S2 S1 IDX R1 R2
5,320 5,351   5,360.8 5,377 5,400
  • A positive Dow Jones and global markets would send in the support.
  • The IDX still carried on the downturn during the last 4 days in a row. Nevertheless, decreasing foreign selling actions and a doji pattern would indicate slower negative momentum.
  • So, we predict that the IDX would be in the positive side today

Daily Research:

ASII

Speculative buy

S2 S1 Level R1 R2
7,850 8,075 8,275 8,475 8,775

ASII was in the positive side with a formation of a bullish engulfing after on a downswing during the last 3 days in which suggesting a further upside potential.

CTRA

Speculative buy

S2 S1 Level R1 R2
1,380 1,450 1,490 1,600 1,700

CTRA took a weak turn yesterday but near its diagonal support and a low volume so that could dampen the downturn.

EXCL

Buy on weakness

S2 S1 Level R1 R2
2,340 2,500 2,600 2,740 2,910

EXCL was on the weak side with a formation of a bearish harami. A weak potential would remain possible if its recent low is broken down.

PTBA

Sell on strength

S2 S1 Level R1 R2
10,200 10,700 11,200 11,500 11,900

PTBA ended the trading po s it ively but not followed by a high volume and an overbought RSI trend that could slow down this 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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