Daily Research 28 October 2016

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S2 S1 IDX R1 R2
5,350 5,375   5,399.6 5,421 5,457
  • Still mixed global markets would not improve the trading activities.
  • The IDX still carried on the upside movement yesterday in which suggesting another upside opportunity in the middle of foreign selling interest.
  • So, we predict that the IDX would be in the positive side today.

Daily Research:

ANTM

Sell on strength

S2 S1 Level R1 R2
775 820 875 900 940

ANTM ended the trading po s it ively with a high volume but with the RSI trend near the overbought area that could limit the upswing.

BMRI

Sell on strength

S2 S1 Level R1 R2
10,750 11,100 11,325 11,650 11,950

BMRI moved in the positive area but with the presences of several resistances that could slow down the upside movement.

EXCL

Speculative buy

S2 S1 Level R1 R2
2,040 2,240 2,340 2,490 2,690

EXCL managed to take a slight upside turn with a doji and a high enough volume after taking downturn lately in which could potentially create a technical rebound.

WTON

Speculative buy

S2 S1 Level R1 R2
825 850 870 905 935

WTON was on the weak side with a low volume and a position near diagonal support that could limit the downside 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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