Daily Research 27 December 2016


S2 S1 IDX R1 R2
4,975 5,000   5,027 5,042 5,078
  • Mixed global markets would not send in any support.
  • The IDX still moved lower followed by increasing foreign selling actions last week. Nonetheless, a formation of an inverted hammer during a downtrend would create a reversal sign.
  • So, we predict that the IDX would be in the positive side for today.

Daily Research:


Trading buy

S2 S1 Level R1 R2
1,450 1,550 1,620 1,675 1,750

MNCN ended the trading higher with a high enough volume after taking deep downturn in the last several days suggesting a rebound opportunity.


Sell on strength

S2 S1 Level R1 R2
3,500 3,630 3,690 3,830 3,970

TLKM took a weak turn with a bearish engulfing pattern indicating another downside potential.


Buy on weakness

S2 S1 Level R1 R2
2,000 2,210 2,290 2,430 2,570

WIKA still carried on the downside turn during 6 days in a row. But so, a presence of its horizontal support would expectedly limit the weak trend.


Speculative buy

S2 S1 Level R1 R2
780 805 820 835 855

WTON ended the trading n e g atively near its diagonal support with a low volume and 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.


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