Daily Research 01 November 2016

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S2 S1 IDX R1 R2
5,375 5,399   5,422.5 5,457 5,472
  • Global markets on downside tendencies would send in the pressure before the release of inflation data.
  • The IDX still carried on the upside movement yesterday with another doji pattern and resuming foreign selling interest within its sideways tendency.
  • Therefore, we predict that the IDX would be in the negative side today.

Daily Research:

GGRM

Sell on strength

S2 S1 Level R1 R2
63,450 65,500 67,900 69,200 72,000

GGRM ended the trading po s i tively with a high enough volume but with a close near its diagonal resistance that could limit the upswing.

INCO

Sell on strength

S2 S1 Level R1 R2
2,500   2,620 2,720 2,840 2,970

INCO was in the positive side with a lack of volume and a presence of its diagonal resistance that could dampen the upside movement.

INTP

Speculative buy

S2 S1 Level R1 R2
15,850 16,175 16,450 17,050 17,450

INTP was on the weak side with a low volume and a close near its diagonal support that could slow down a further downturn.

SMRA

Buy on weakness

S2 S1 Level R1 R2
1,540 1,600 1,650 1,720 1,780

SMRA moved down with the breaks on several supports suggesting another 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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