Daily Research 31 October 2016


S2 S1 IDX R1 R2
5,375 5,399   5,410.2 5,421 5,457
  • Still mixed global markets would affect the trading direction.
  • The IDX took a slight upside with another doji pattern last week resuming the current sideways trend.
  • Therefore, we predict that the IDX would be in the positive side for today.

Daily Research:


Buy on weakness

S2 S1 Level R1 R2
2,000 2,100 2,170 2,300 2,400

AISA took a weak turn with a low volume and a thin volume as well as a close near its diagonal support in which suggesting a limited downside potential.


Sell on strength

S2 S1 Level R1 R2
8,050   8,350 8,525 8,825 9,150

INDF moved in the negative area with a formation of a bearish engulfing so that could give another weak potential.


Sell on strength

S2 S1 Level R1 R2
1,630 1,730 1,950 2,000 2,050

JPFA closed the trading po s it ively with a high trading volume but with the RSI trend in the overbought territory that could limit the positive opportunity.


Speculative buy

S2 S1 Level R1 R2
2,490 2,600 2,640 2,760 2,900

WIKA was still in the negative side but without a high volume and a presence of a diagonal support that could possibly 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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