Daily Research 21 December 2016


S2 S1 IDX R1 R2
5,125 5,150   5,162.4 5,191 5,231
  • A positive Dow Jones and the global markets would possibly improve the sentiment.
  • The IDX still moved lower yesterday but with a close near its long term diagonal support and a doji pattern that could dampen the downturn or vice versa.
  • So, we predict that the IDX would move in the positive side today.

Daily Research:


Sell on strength

S2 S1 Level R1 R2
1,830 1,955 2,030 2,110 2,190

ADHI edged down only with a low volume and the presences of several supports that could expectedly limit the downside potential.


Speculative buy

S2 S1 Level R1 R2
5,350 5,650 5,775 6,100 6,400

AKRA closed the session down at its diagonal support with a thin volume and also an oversold RSI indicator that could potentially dampen the downswing.


Trading buy

S2 S1 Level R1 R2
1,600 1,680 1,745 1,790 1,870

BSDE moved in the positive side followed by a bullish engulfing indicating another favorable opportunity.


Buy on weakness

S2 S1 Level R1 R2
3,500 3,630 3,730 3,800 3,910

TLKM ended the trading negatively nearing its diagonal support with a low volume so that any further downturn maybe in a limited range.

* 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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