Daily Research 16 November 2016

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S2 S1 IDX R1 R2
5,025 5,050   5,078.5 5,100 5,125
  • Most of the global markets on upside tendencies would expectedly improve the sentiment.
  • The IDX still carried on the downturn after a failed rebound yesterday. In addition, a break on its diagonal support would still give a weak potential in the middle of an oversold tendency.
  • Therefore, we predict that the IDX would be in the positive side today.

Daily Research:

ADHI

Speculative buy

S2 S1 Level R1 R2
1,800 1,900 1,980 2,140 2,250

ADHI was on the weak side near its diagonal support with a thin volume as well as an oversold RSI indicator suggesting a limited downside movement.

BMRI

Sell on strength

S2 S1 Level R1 R2
9,700 10,125 10,550 10,850 11,225

BMRI managed a rebound with a bullish harami formation but with a close near its diagonal resistance that could limit the upside potential.

PPRO

Sell on strength

S2 S1 Level R1 R2
1,110 1,195 1,255 1,330 1,400

PPRO moved positively with a bullish engulfing pattern but with a lack of volume and a presence of a diagonal resistance that could create a correction.

SMGR

Speculative buy

S2 S1 Level R1 R2
7,700 8,000 8,200 8,750 9,050

SMGR ended the trading i n t he negative side with a low volume and an oversold RSI trend so that any further downturn maybe in a limited range.

* 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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