Daily Research 25 October 2016


S2 S1 IDX R1 R2
5,375 5,399   5,421.0 5,457 5,472
  • Relatively up Dow Jones and several regional markets would expectedly send in the support.
  • The IDX again edged higher supported by appearing foreign buying interest yesterday. But so, a doji pattern would indicate a not so strong upside potential.
  • Therefore, we predict that the IDX would be in the positive side for today.

Daily Research:


Sell on strength

S2 S1 Level R1 R2
1,985 2,150 2,260 2,290 2,400

AISA ended the trading po s i tively with a long white candle formation but with a close near its diagonal resistance that could limit the upside turn.


Sell on strength

S2 S1 Level R1 R2
6,325 6,525 6,800 6,900 7,100

AKRA took a rebound followed by a long white candle after taking pressure in the last 2 days. But so, the presences of several resistances would limit the positive movement.


Trading buy

S2 S1 Level R1 R2
4,330 4,500 4,610 4,700 4,860

JSMR moved in the positive side with a high volume in which suggesting another upside opportunity.


Buy on weakness

S2 S1 Level R1 R2
2,450 2,540 2,630 2,700 2,800

WIKA was on the weak side yesterday but with a low volume and a close near its diagonal support 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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