Daily Research 27 October 2016


S2 S1 IDX R1 R2
5,350 5,375   5,399.6 5,421 5,457
  • Mixed global markets would not send in the support.
  • The IDX was only up in a thin range still maintaining position near the psychological level of 5,400 yesterday. But so, a rather high foreign selling sentiment would dampen a further upside potential.
  • Therefore, we predict that the IDX would be in the negative side today.

Daily Research:


Buy on weakness

S2 S1 Level R1 R2
2,065 2,155 2,210 2,295 2,360

ADHI moved lower with a formation of a long black candle but with the presences of several supports that could expectedly limit the weak turn.


Sell on strength

S2 S1 Level R1 R2
1,405 1,500 1,555 1,600 1,700

ADRO ended the trading p o s itively near its diagonal resistance and an overbought RSI trend that could potentially limit the upswing


Trading buy

S2 S1 Level R1 R2
2,600 2,750 2,870 3,010 3,200

BTPN moved up rather considerably with a long white candle and a high enough volume that could lead to another favorable opportunity.


Speculative bu

S2 S1 Level R1 R2
860 880 890 930 960

LPKR was on the weak side with a high volume but with a close at its diagonal support and an oversold RSI indicator that could slow down the downturn.

* 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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