Daily Research 21 October 2016


S2 S1 IDX R1 R2
5,350 5,375   5,403.6 5,430 5,457
  • Mixed global markets would affect the trading direction.
  • The IDX was still in the negative side yesterday but only followed by a doji pattern and appearing foreign buying interest that could dampen the negative potential.
  • So, we predict that the IDX would be in the downside tendency today.

Daily Research:


Buy on weakness

S2 S1 Level R1 R2
8,000 8,200 8,375 8,500 8,700

ASII was down yesterday but near its diagonal support with a thin volume si that any further downturn maybe in a limited range..


Trading buy

S2 S1 Level R1 R2
595 630 675 700 735

BBKP took a significantly high upside turn with the breaks on resistances that could lead to favorable opportunity.


Sell on strength

S2 S1 Level R1 R2
1,005 1,135 1,245 1,300 1,300

BRPT moved in the negative side with a shooting star pattern after taking an upswing during 3 days indicating a further downside movement.


Sell on strength

S2 S1 Level R1 R2
11,600 12,200 12,500 13,000 13,500

PTBA ended the trading neg a t ively with a position near long term diagonal resistance and also a still
overbought RSI suggesting a further down potential.

* 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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