Daily Research 29 November 2016

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S2 S1 IDX R1 R2
5,050 5,078   5,114.5 5,125 5,150
  • Relatively down Dow Jones and mixed regional indices would affect the sentiment.
  • The IDX was in the negative side yesterday with a doji formation and resuming foreign selling actions.
  • So, we predict that the IDX would be in the downside tendency today

Daily Research:

ADHI

Buy on weakness

S2 S1 Level R1 R2
1,600 1,720 1,830 1,930 2,050

ADHI moved lower with a long black candle formation so that suggesting a further down potential especially if its horizontal support is broken down.

BBRI

Speculative buy

S2 S1 Level R1 R2
10,050 10,400 10,475 10,950 11,300

BBRI ended the session in the weak side with a high volume but with a close near its diagonal support and RSI in the oversold territory so that any further downturn would probably be in a limited range.

BBTN

Sell

S2 S1 Level R1 R2
1,450 1,535 1,600 1,655 1,720

BBTN still carried on the downturn with the break on its horizontal support indicating a further weak movement.

INDF

Speculative buy

S2 S1 Level R1 R2
6,850 7,200 7,325 7,550 7,825

INDF closed the trading ne g a tively near its diagonal support with a low volume and an oversold RSI indicator suggesting a limited downside 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.

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