Daily Research 07 December 2016


S2 S1 IDX R1 R2
5,225 5,245   5,272.9 5,300 5,325
  • Further up global markets would provide the positive sentiment.
  • The IDX ended the trading in the positive side yesterday. But so, still presences of foreign selling actions and a doji pattern would seem be able to dampen the upside movement.
  • So, we predict that the IDX would move in the positive side today.

Daily Research:


Trading buy

S2 S1 Level R1 R2
1,565 1,630 1,760 1,815 1,885

BBTN ended the session p o s itively with a long white candle and a high volume indicating a further upside opportunity.


Sell on strength

S2 S1 Level R1 R2
1,775 1,835 1,890 1,950 2,020

LSIP formed a doji after taking an upswing during the last several days with an overbought RSI indicator indicating a weak potential.


Sell on strength

S2 S1 Level R1 R2
2,610 2,750 2,830 2,900 3,020

PGAS moved higher but with a close near its several resistances in which suggesting a limited downside potential.


Buy on weakness

S2 S1 Level R1 R2
2,210 2,330 2,400 2,500 2,610

WIKA was in the negative side with a full black candle. A further downturn would still be possible if its recent low is broken down.

* 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.


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 )

Google+ photo

You are commenting using your Google+ 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 )


Connecting to %s