Daily Research 18 October 2016


S2 S1 IDX R1 R2
5,381 5,399   5,410.3 5,425 5,457
  • Mixed global markets would affect the trading direction.
  • The IDX remained in the positive side yesterday with a close above psychological level of 5,400 and appearing foreign buying interest in which could create a favorable opportunity.
  • So, we predict that the IDX would be in the positive side for today.

Daily Research:


Sell on Strength

S2 S1 Level R1 R2
14,400 14,850 15,875 15,900 16,375

AALI ended the trading pos iti v ely but with a close near its diagonal resistance and a low volume that could dampen the upswing.


Buy on Weakness

S2 S1 Level R1 R2
404 430 442 462 484

ASRI was on the weak side yesterday but a thin volume and near its diagonal support that could limit the downside turn.


Sell on strength

S2 S1 Level R1 R2
5,200 5,350 5,500 5,625 5,800

BBNI moved higher during 3 days in a row but with a position near its diagonal resistance suggesting a limited positive movement.


Buy on weakness

S2 S1 Level R1 R2
1,405 1,495 1,540 1,600 1,675

CTRA moved in the positive territory with a bullish engulfing pattern but with the presences of several supports that could expectedly trim the downswing.

* 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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