Daily Research 18 November 2016


S2 S1 IDX R1 R2
5,150 5,185   5,193.0 5,225 5,250
  • Most of the global markets on upside trend would send in the support.
  • The IDX still carried on the upside turn with decreasing foreign selling actions yesterday. But so, a formation of a doji would indicate a slower upside momentum.
  • Therefore, we predict that the IDX would be in the positive side today.

Daily Research:


Speculative buy

S2 S1 Level R1 R2
13,500 14,800 15,350 16,600 17,750

ITMG closed the trading down near its diagonal support and a thin volume so that any further downturn maybe in a limited range.


Speculative buy

S2 S1 Level R1 R2
3,840 3,940 4,050 4,250 4,350

PTPP ended the trading n e g atively near its diagonal support and a low volume indicating a limited downside potential.


Trading buy

S2 S1 Level R1 R2
2,100 2,230 2,350 2,470 2,600

SCMA was in the positive area with a high enough volume after on the weak trend lately that could lead to another positive opportunity.


Buy on weakness

S2 S1 Level R1 R2
2,060 2,210 2,360 2,480 2,580

WIKA moved in the weak side with a bearish engulfing pattern. But so, a presence of its recent low would expectedly limit the downturn.

* 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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