Daily Research 06 March 2017


S2 S1 IDX R1 R2
5,347 5,372   5,391.2 5,431 5,458
  • Several regional bourses on weak trend would affect the sentiment.
  • The IDX took a weak turn but with the presence of foreign buying interest last week that could expectedly limit the downside potential.
  • Therefore, we predict that the IDX would be in the negative side today.

Speculative buy

S2 S1 Level R1 R2
11,400 11,750 11,850 12,100 12,400

BBRI ended the trading weaker near its diagonal support with a low volume that could dampen a further downside movement.


Buy on weakness

S2 S1 Level R1 R2
2,500 2,620 2,740 2,850 3,000

SCMA still carried on the weak trend with a high enough volume but with the presence of its diagonal support that could slow down the downswing.


Sell on strength

S2 S1 Level R1 R2
370 385 398 425 438

SRIL closed the session ne g a tively followed by a high volume with still overbought RSI indicator so that could lead to another downside movement.


Buy on weakness

S2 S1 Level R1 R2
890 950 985 1,040 1,120

TINS moved in the negative side with a bearish engulfing formation. A weak potential would remain possible if its recent low and horizontal support are broken down.

* 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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