Daily Research 24 October 2016


S2 S1 IDX R1 R2
5,350 5,375   5,409.2 5,430 5,457
  • Still mixed global markets would not send in any support.
  • The IDX ended the Friday’s trading relatively up with another doji pattern and still presence of foreign buying interest.
  • Therefore, we predict that the IDX would be in the positive side today.

Daily Research:


Buy on weakness

S2 S1 Level R1 R2
13,850 14,400 14,600 15,075 15,675

AALI still carried on the weak movement with a long black candle formation but with the presences of several supports that could limit the downturn.


Trading buy

S2 S1 Level R1 R2
288 314 340 360 382

BEST managed to move up with a long white candle and a high enough volume after on a consolidation suggesting a further upside opportunity.


Sell on strength

S2 S1 Level R1 R2
2,400 2,600 2,700 2,940 3,150

INCO ended the trading ne g a tively followed by a long black candle and a break over its long term diagonal support indicating a still weak potential.


Speculative buy

S2 S1 Level R1 R2
16,000 16,375 16,425 16,825 17,150

INTP was on the weak side with a high volume but with a close near its diagonal support and RSI near the oversold area that could limit the weak trend.

* 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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