Daily Research 17 October 2016

research animasi

S2 S1 IDX R1 R2
5,351 5,381   5,399.8 5,425 5,457
  • Global markets on upside tendencies would send in the support.
  • The IDX ended the trading rather positively but in the middle of resuming foreign selling interest last week. In addition, a formation of a bullish engulfing would still give a positive sign.
  • Therefore, we predict that the IDX would be in the positive side today.

Daily Research:


Speculative buy

S2 S1 Level R1 R2
885 925 930 970 1,000

LPKR moved in the negative territory but with a close near its long term support suggesting a limited downside potential.


Sell on strength

S2 S1 Level R1 R2
10,750  11,200 11,700 11,900 12,400

PTBA edged higher last week but not followed by a high volume and the RSI trend in the overbought area so that could dampen a further upside turn.


Speculative buy

S2 S1 Level R1 R2
3,940 4,080 4,200 4,330 4,500

PTPP moved up with a bullish engulfing formation indicating another favorable opportunity.


Buy on weakness

S2 S1 Level R1 R2
745 780 795 840 890

TINS closed the trading n egatively but near its diagonal support and a thin volume so that any further downturn maybe in a limited range.

* 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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