Daily Research 29 December 2016


S2 S1 IDX R1 R2
5,125 5,150   5,209.4 5,225 5,250
  • A weak Dow Jones and regional bourses would send in the negative sentiment.
  • The IDX still carried on the upside turn followed by appearing foreign buying interest yesterday. But so, an open gap and a position near its resistance would possibly dampen the upside opportunity.
  • So, we predict that the IDX would be in the negative side today.

Daily Research:


Trading buy

S2 S1 Level R1 R2
1,800 1,870 2,050 2,100 2,170

AISA ended the trading higher with a long white candle and a high enough volume suggesting another favorable potential.


Sell on strength

S2 S1 Level R1 R2
7,325 7,550 7,825 7,875 8,150

ASII kept moving higher but with the presences of several resistances that could limit the current upswing.


Speculative buy

S2 S1 Level R1 R2
410 430 438 460 480

SSIA ended the session n e g atively near its diagonal support and a low volume with an oversold RSI indicator in which could limit a further upside movement.


Trading buy

S2 S1 Level R1 R2
1,000 1,085 1,150 1,210 1,300

TINS managed a rebound turn with a bullish engulfing pattern after taking pressure lately indicating a further positive movement.

* 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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