Daily Research 22 November 2016

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S2 S1 IDX R1 R2
5,100 5,125   5,148.3 5,170 5,193
  • Relatively up Dow Jones in the middle of mixed regional markets would affect the trading direction.
  • The IDX was still in the negative side yesterday but with an open gap, a doji and a position near support that could expectedly limit the downturn.
  • Therefore, we predict that the IDX would be in the positive side today.

Daily Research:

AALI

Buy on weakness

S2 S1 Level R1 R2
14,400 14,800 15,175 15,600 16,000

AALI ended the session down near its diagonal support with a low volume so that any further downturn maybe in a limited range.

ITMG

Speculative buy

S2 S1 Level R1 R2
14,000 14,400 14,700 15,000 15,500

ITMG closed the trading slightly down followed by a doji pattern and a position near its diagonal support potentially creating a rebound potential.

LPKR

Buy on weakness

S2 S1 Level R1 R2
750 775 795 825 850

LPKR closed the sessio n negatively nearing its diagonal support and a low volume suggesting a limited negative movement.

PTPP

Buy on weakness

S2 S1 Level R1 R2
3,700 3,825 3,910 4,000 4,190

PTPP was on the weak side with a break on its support and an increasing volume that could lead to a further 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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