Daily Research 15 November 2016


S2 S1 IDX R1 R2
5,075 5,100   5,115.7 5,125 5,150
  • Regional markets still on weak trend would send in the pressure.
  • The IDX was once again under pressure followed by a rather foreign selling sentiment yesterday. But so, a position near the oversold area would expectedly
    slow down the downswing.
  • Therefore, we predict that the IDX would be in the negative side today.

Daily Research:


Buy on weakness

S2 S1 Level R1 R2
10,500 10,925 11,125 11,400 11,900

BBRI was down rather considerably with a long black candle followed by a high volume but with the presence of a horizontal support that could limit the weak movement.


Buy on weakness

S2 S1 Level R1 R2
1,650 1,715 1,780 1,825 1,910

BSDE moved lower during the last several days with a high volume but with the presences of several supports and an oversold RSI indicator that could possibly limit
the downswing.


Trading buy

S2 S1 Level R1 R2
6,850 7,200 7,600 8,200 8,500

INDF closed the trading po s it ively followed by a high volume and a still oversold RSI trend that could lead to a further upside opportunity.


Speculative buy

S2 S1 Level R1 R2
1,400 1,450 1,495 1,540 1,600

KLBF ended the session down near its diagonal support with a low volume and an oversold RSI trend indicating 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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