Daily Research 24 November 2016

kiwoom-research-kamis

S2 S1 IDX R1 R2
5,175 5,200   5,212.0 5,225 5,250
  • Mixed global markets would affect the trading direction.
  • The IDX ended the trading in the positive side after mostly in the weak trend yesterday. But so, a rather high foreign selling sentiment could dampen the
    upside potential.
  • Therefore, we predict that the IDX would be in the positive side today.

Daily Research:

ANTM

Sell on strength

S2 S1 Level R1 R2
840 900 975 1,000 1,050

ANTM closed the session p o si tively with a high volume but with a close near its diagonal resistance and an overbought RSI indicator in which could dampen the upswing.

DOID

Trading buy

S2 S1 Level R1 R2
430 482 525 580 630

DOID edged higher with a formation of a long white candle after on a long consolidation so that could lead to another favorable opportunity.

INCO

Sell on strength

S2 S1 Level R1 R2
3,060 3,250 3,370 3,500 3,675

INCO still moved higher in the last 3 days but with the presences of several resistances that could trim the upside movement.

ISAT

Trading buy

S2 S1 Level R1 R2
5,975 6,100 6,300 6,450 6,625

ISAT closed the trading up with a long white candle pattern followed by a strong volume indicating a further positive 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.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s