Daily Research 03 November 2016


S2 S1 IDX R1 R2
5,350 5,375   5,405.4 5,422 5,457
  • Dow Jones still on downside tendency and also some world’s markets would not improve the sentiment.
  • The IDX still carried on the weak turn followed by a rather high foreign selling sentiment yesterday that could lead to another downside movement.
  • Therefore, we predict that the IDX would be in the negative side today.

Daily Research:


Trading buy

S2 S1 Level R1 R2
224 236 240 250 260

DMAS edged lower but with a close near its long term horizontal support in which could limit the negative movement.


Sell on strength

S2 S1 Level R1 R2
1,070   1,215 1,445 1,500 1,615

MEDC moved higher with a high volume but with a close near its diagonal resistance that could slow down the downswing.


Buy on weakness

S2 S1 Level R1 R2
2,250 2,400 2,460 2,590 2,730

PGAS took a weak turn with a low volume and a position near its diagonal support so that any further downturn maybe in a limited range.


Sell on strength

S2 S1 Level R1 R2
670 700 720 740 765

PWON managed a rebound after taking pressure in the last several days. But so, a lack of volume and a presence of a horizontal resistance would potentially dampen the upside opportunity.

* 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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