Daily Research 22 December 2016


S2 S1 IDX R1 R2
5,050 5,078   5,111.3 5,125 5,150
  • Mixed global markets would not improve the market’s sentiment.
  • The IDX again took a weak turn with the break over its long term support yesterday in the middle of resuming foreign selling actions that could for a further down toward its recent low.
  • Therefore, we predict that the IDX would be in the downside tendency today.

Daily Research:


Sell on strength

S2 S1 Level R1 R2
7,250 7,550 7,700 7,825 8,000

ASII moved positively but not supported by a high volume and a position near its diagonal resistance that could limit upside movement.


Speculative buy

S2 S1 Level R1 R2
1,200 1,260 1,300 1,375 1,440

CTRA ended the session n e g atively near its diagonal support with a thin volume suggesting a limited downside potential.


Sell on strength

S2 S1 Level R1 R2
7,000 7,325 7,375 7,700 8,050

INDF still carried on the weak turn and a close near its recent low suggesting another negative potential.


Speculative buy

S2 S1 Level R1 R2
36,700 37,800 38,500 39,950 41,000

UNVR was down with a high volume but with a position near diagonal support and an oversold RSI indicator that could potentially dampen a further 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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