Daily Research 20 December 2016


S2 S1 IDX R1 R2
5,150 5,175   5,191.9 5,231 5,254
  • Still mixed global markets would not send in any support.
  • The IDX still carried on the weak turn followed by a long black candle pattern yesterday but with a lower foreign selling interest and a presence of a diagonal support that could potentially limit the weak turn.
  • Therefore, we predict that the IDX would be in the negative today.

Daily Research:


Sell on strength

S2 S1 Level R1 R2
5,000 5,225 5,425 5,525 5,725

BBNI managed to move up in a thin range but still unable to break its horizontal resistance and a doji pattern that could push for a correction.


Buy on weakness

S2 S1 Level R1 R2
1,350 1,420 1,460 1,565 1,630

KLBF ended the trading n e g atively near its diagonal support with a low volume indicating a limited downside potential.


Speculative buy

S2 S1 Level R1 R2
500 540 565 600 600

PWON ended the session down near its diagonal support and a thin volume as well as an oversold RSI indicator suggesting a limited downside movement.


Buy on weakness

S2 S1 Level R1 R2
2,210 2,360 2,440 2,530 2,650

WIKA moved in the negative side followed by a long black candle but with the presences of several supports that could expectedly 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.


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