Daily Research 08 December 2016


S2 S1 IDX R1 R2
5,225 5,245   5,265.3 5,300 5,325
  • Quite positive Dow Jones and global markets would expectedly improve the sentiment.
  • The IDX took a correction yesterday with a hammer formation during an upturn in which potentially could push for another weak movement.
  • So, we predict that the IDX would be in the positive side today.

Daily Research:


Sell on strength

S2 S1 Level R1 R2
16,350 17,000 17,725 18,100 19,275

AALI moved negatively with a hammer pattern after failing to break its recent high suggesting another downside movement.


Speculative buy

S2 S1 Level R1 R2
1,265 1,330 1,360 1,405 1,470

CTRA closed the session on the weak side near its diagonal support with a low volume so that any further downturn maybe in a limited range.


Buy on weakness

S2 S1 Level R1 R2
406 430 446 466 492

ELSA still carried on the downturn but with the presence of its horizontal support that could slow down the downturn.


Speculative buy

S2 S1 Level R1 R2
805 825 835 860 885

WTON ended the session in th e negative territory near its diagonal support with a thin volume indicating a limited downside movement.

* 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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