Daily Research 09 December 2016


S2 S1 IDX R1 R2
5,245 5,275   5,303.7 5,325 5,350
  • Most of the global markets on upside tendencies would once again send in the support.
  • The IDX moved higher but in the middle of resuming foreign selling sentiment yesterday. A break over the psychological level of 5,300 would create a positive opportunity or vice versa.
  • So, we predict that the IDX would be in the positive side today.

Daily Research:


Sell on strength

S2 S1 Level R1 R2
7,300 7,700 8,100 8,450 8,750

INDF ended the trading pos it iv ely with the break on its diagonal resistance without a high volume so that could trim the upside turn.


Trading buy

S2 S1 Level R1 R2
3,730 3,840 3,990 4,060 4,160

PTPP edged higher with a long white candle and supported by a high volume suggesting another favorable potential.


Buy on weakness

S2 S1 Level R1 R2
600 635 645 675 710

PWON moved down with a hammer formation and was closed near its horizontal support that could limit the downswing.


Trading buy

S2 S1 Level R1 R2
2,330 2,440 2,570 2,650 2,810

WIKA managed to move up with a long white candle and a strong volume indicating another upside 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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