Daily Research 04 November 2016


S2 S1 IDX R1 R2
5,275 5,302   5,329.5 5,350 5,375
  • Dow Jones and regional markets still on downside tendencies would send in the unfavorable pressure.
  • The IDX again was under pressure in the middle of a rather high foreign sentiment yesterday that could lead to another weak potential.
  • So, we predict that the IDX would be in the negative side today.

Daily Research:


Speculative buy

S2 S1 Level R1 R2
380 412 240 442 462

ASRI took a weak turn with a l ow volume, a close near diagonal support and an oversold RSI trend suggesting a limited downside potential.


Speculative buy

S2 S1 Level R1 R2
8,150   8,500 8,800 9,350 9,800

ICBP was on the weak side followed by a high volume but with a close near its diagonal support as well as an oversold RSI that could possibly limit the downswing.


Buy on weakness

S2 S1 Level R1 R2
1,300 1,375 1,430 1,500 1,570

SMRA still carried on the downturn with a high enough volume. But so, a presence of a horizontal support and an oversold RSI indicator would limit the negative movement.


Trading buy

S2 S1 Level R1 R2
2,345 2,410 2,480 2,550 2,620

WSKT moved in the negative area with a long black candle and a close at its horizontal support that could potentially create a technical rebound 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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