Daily Research 10 November 2016


S2 S1 IDX R1 R2
5,375 5,400   5,414.3 5,431 5,457
  • A positive Dow Jones and most of the global bourses after Trump’s victory would send in the support.
  • The IDX took a correction after failing to keep up the gaining turn with a formation of a dark cloud cover yesterday in which could provide a negative sign.
  • So, we predict that the IDX would be in the positive side today.

Daily Research:


Sell on strength

S2 S1 Level R1 R2
14,875 15,100 15,300 15,500 15,800

BBCA was in the negative side yesterday with a bearish engulfing pattern suggesting another downside movement.


Sell on strength

S2 S1 Level R1 R2
12,100 12,400 12,600 12,975 13,275

BBRI took a weak step followed by a dark cloud cover formation indicating a further downside potential.


Speculative buy

S2 S1 Level R1 R2
278 288 294 302 310

KIJA took a weak turn near its long term diagonal support and not followed by a high volume so that any further downturn maybe in a limited range.


Speculative buy

S2 S1 Level R1 R2
3,840 3,940 4,010 4,140 4,260

PTPP ended the session n e g atively near its diagonal support with a low volume suggesting a limited 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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