Daily Research 23 December 2016


S2 S1 IDX R1 R2
5,000 5,025   5,042.8 5,078 5,100
  • Mixed global markets before Christmas break would not send in any support.
  • The IDX again took a weak turn with the break over its previous low yesterday with an oversold RSI tendency.
  • So, we predict that the IDX would be in the negative side today.

Daily Research:



S2 S1 Level R1 R2
1,480 1,590 1,660 1,745 1,835

BSDE moved down with a close below its recent low suggesting a further downside potential.


Speculative buy

S2 S1 Level R1 R2
7,375 7,650 7,775 8,150 8,500

ICBP ended the trading n e gatively at its diagonal support with a low volume and also an oversold RSI indicator indicating a limited downside potential.


Speculative buy

S2 S1 Level R1 R2
2,400 2,600 2,700 2,940 3,100

INCO closed the session lower near its diagonal support, a thin volume and oversold RSI trend suggesting a limited downswing.


Sell on strength

S2 S1 Level R1 R2
18,000 19,300 19,525 20,750 21,900

UNTR still carried on the weak trend with a close near its rather strong horizontal support. A further downturn would still be possible if its recent low is broken down further.

* 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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