Daily Research 30 December 2016

kiwoom-research-jumat

S2 S1 IDX R1 R2
5,225 5,250   5,302.5 5,329 5,350
  • Several regional markets still on downside trend would affect the sentiment at the end of 2016 trading year.
  • The IDX moved positively once again with the break over its short term resistance yesterday. But so, a position near its previous high and a lack of foreign buying interest would limit the upside opportunity.
  • Therefore, we predict that the IDX would be in the positive side today.
BMRI

Sell on strength

S2 S1 Level R1 R2
10,700 11,000 11,575 11,650 11,900

BMRI ended the trading p o sitively at its diagonal resistance with only a low volume and an overbought RSI indicator that could trim the upside turn.

PGAS

Sell on strength

S2 S1 Level R1 R2
2,550 2,660 2,760 2,830 2,930

PGAS has moved up during the last 4 days but with the presences of several resistances that could dampen the upswing.

SILO

Sell on strength

S2 S1 Level R1 R2
10,250 10,700 11,300 11,600 12,000

SILO ended the session up near its horizontal resistance and an overbought RSI trend suggesting a limited positive potential.

WSKT

Sell on strength

S2 S1 Level R1 R2
2,360 2,480 2,600 2,670 2,760

WSKT still carried on the upside turn supported by a high enough volume. But so, a close near its horizontal resistance could push for a correction.

* 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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