Daily Research 02 November 2016


S2 S1 IDX R1 R2
5,375 5,399   5,416.0 5,457 5,472
  • A weak Dow Jones and the global markets would provide the negative sentiment.
  • The IDX ended the trading in the negative side after moving in a mixed session yesterday.
  • So, we predict that the IDX would moved in the negative territory today.

Daily Research:


Buy on weakness

S2 S1 Level R1 R2
14,400 14,800 15,000 15,600 16,100

AALI was on the weak side w ith a thin volume and a close near its diagonal support so that any further downturn maybe in a limited range.


Sell on strength

S2 S1 Level R1 R2
5,200   5,400 5,525 5,625 5,750

BBNI moved in the weak trend after failing to break its recent high with a formation of a bearish engulfing suggesting another weak potential.


Buy on weakness

S2 S1 Level R1 R2
2,030 2,100 2,130 2,220 2,270

BSDE took a weak turn with a low volume and a position near its diagonal support indicating a limited downside potential.


Buy on weakness

S2 S1 Level R1 R2
1,400 1,455 1,475 1,530 1,585

LSIP moved in the negative side followed by a bearish engulfing formation but with the presence of its diagonal support that could limit the downswing.

* 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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