Daily Research 07 November 2016

research animasi

S2 S1 IDX R1 R2
5,329 5,350   5,362.6 5,375 5,400
  • Regional bourses on upside trend would expectedly send in the support.
  • The IDX ended the trading higher after on a volatile session last week. But so, a still rather high foreign selling sentiment would slow down the upside potential.
  • Therefore, we predict that the IDX would be in the positive side today.

Daily Research:

INDY

Sell on strength

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

INDY still moved up in a thin range followed by a high volume but only with a shooting star pattern that could potentially create a correction.

ITMG

Trading buy

S2 S1 Level R1 R2
13,725   14,400 15,400 15,900 17,000

ITMG moved in the positive side with a bullish engulfing pattern and also a break on its horizontal resistance suggesting a further upside opportunity.

KINO

Speculative buy

S2 S1 Level R1 R2
2,800 3,000 3,200 3,400 3,680

KINO took a weak turn with a low volume and a close near the diagonal support and an oversold RSI trend indicating a limited downside potential.

WIKA

Trading buy

S2 S1 Level R1 R2
2,270 2,400 2,580 2,650 2,760

WIKA edged higher followed by a bullish engulfing with a high enough volume that could lead to further upside 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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