Daily Research 25 November 2016

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S2 S1 IDX R1 R2
5,050 5,078   5,107.6 5,125 5,150
  • Most of the global indices on upside trend would expectedly improve the sentiment.
  • The IDX took a rather deep downturn yesterday with a break on several supports in which potentially create an inverted flag formation.
  • So, we predict that the IDX would be in the negative side today.

Daily Research:

AALI

Trading buy

S2 S1 Level R1 R2
15,200 15,600 16,600 16,725 17,100

AALI ended the session higher with a long white candle pattern and a high volume suggesting another favorable opportunity.

ADHI

Sell on strength

S2 S1 Level R1 R2
1,465 1,555 1,645 1,720 1,810

ADRO managed to move up in a thin range but with a close near its horizontal resistance indicating a limited positive movement.

ASII

Sell

S2 S1 Level R1 R2
6,975 7,250 7,525 7,825 8,075

ASII moved lower followed by a long black candle and a break on its horizontal support that could lead to a further weak potential.

BMRI

Sell on strength

S2 S1 Level R1 R2
9,600 9,875 10,100 10,850 11,200

BMRI closed the session ne g a tively with a high trading volume and also a broken diagonal support so that could push for a further downswing.

* 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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