Daily Research 19 December 2016

kiwoom-research-kamis

S2 S1 IDX R1 R2
5,175 5,200   5,231.6 5,254 5,272
  • Mixed global markets would not improve the sentiment.
  • The IDX again took a weak turn followed by increasing foreign selling sentiment last week in which possibly could push for another downside movement.
  • So, we predict that the IDX would once again be in a weak tendency today.

Daily Research:

ACES

Sell on strength

S2 S1 Level R1 R2
775 800 870 890 920

ACES ended the trading higher nearing its diagonal resistance with a low volume so that could dampen the upside opportunity.

ASII

Sell on strength

S2 S1 Level R1 R2
7,250 7,525 7,575 7,825 8,050

ASII was in the negative side followed by a bearish engulfing pattern and a close near its recent low indicating a further downside potential.

CPIN

Trading buy

S2 S1 Level R1 R2
3,000 3,120 3,250 3,350 3,510

CPIN moved positively with an increasing trading volume suggesting another favorable potential

PTBA

Buy on weakness

S2 S1 Level R1 R2
11,450 12,200 12,500 13,000 13,700

PTBA ended the trading neg a t ively with a high enough volume but with the presences of several supports that could slow down the 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.

Advertisements

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 )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s