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    Teknikal - 19 08 16e

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    The daily technical analysis report summarizes the status of various Indonesian and global stock market indices. It notes that the IDX index continued its upward trend, closing slightly above its previous high with potential for further gains driven by foreign buying. The report also recommends speculative buying of INCO stock as it broke above its previous high on strong volume, and selling ICBP on strength as it closed near resistance. Global indices like the Dow Jones, Nasdaq, FTSE 100 and DAX were up while regional Asian markets were mixed.

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    Teknikal - 19 08 16e

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    The daily technical analysis report summarizes the status of various Indonesian and global stock market indices. It notes that the IDX index continued its upward trend, closing slightly above its previous high with potential for further gains driven by foreign buying. The report also recommends speculative buying of INCO stock as it broke above its previous high on strong volume, and selling ICBP on strength as it closed near resistance. Global indices like the Dow Jones, Nasdaq, FTSE 100 and DAX were up while regional Asian markets were mixed.

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    teknikal_19-08-16e

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    The daily technical analysis report summarizes the status of various Indonesian and global stock market indices. It notes that the IDX index continued its upward trend, closing slightly above its previous high with potential for further gains driven by foreign buying. The report also recommends speculative buying of INCO stock as it broke above its previous high on strong volume, and selling ICBP on strength as it closed near resistance. Global indices like the Dow Jones, Nasdaq, FTSE 100 and DAX were up while regional Asian markets were mixed.

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    5 views1 page

    Teknikal - 19 08 16e

    Uploaded by

    Anonymous yH9Xln
    The daily technical analysis report summarizes the status of various Indonesian and global stock market indices. It notes that the IDX index continued its upward trend, closing slightly above its previous high with potential for further gains driven by foreign buying. The report also recommends speculative buying of INCO stock as it broke above its previous high on strong volume, and selling ICBP on strength as it closed near resistance. Global indices like the Dow Jones, Nasdaq, FTSE 100 and DAX were up while regional Asian markets were mixed.

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    of 1

    19 August 2016

    Daily Technical Analysis

    S2
    5,400

    S1
    5,420

    IDX
    5,461.4

    R1
    5,480

    R2
    5,500

    Mixed global bourses would not send in any positive


    sentiment.
    The IDX continued the upside turn with a close
    slightly above its previous high yesterday. In addition,
    more foreign buying actions would create another
    upside potential to challenge its resistance.
    Therefore, we predict that the IDX would still be in the
    positive territory today.

    ICBP
    S2
    8,200

    Sell on strength
    S1
    8,600

    Level
    9,200

    R1
    9,500

    R2
    9,800

    INCO
    S2
    2,390

    Speculative buy
    S1
    2,590

    Level
    2,830

    R1
    3,000

    R2
    3,200

    ICBP ended the session higher with a high volume but


    with a close near its diagonal resistance that could
    possibly trim the upside opportunity.

    INCO moved up with the break on its previous high as


    well as a strong volume in which could lead to another
    positive movement.

    LSIP

    TINS

    S2
    1,500

    S1
    1,550

    Level
    1,585

    Sell on strength
    R1
    R2gth
    1,620

    1,670

    LSIP closed the trading in the positive side with a high


    enough volume but with a position near its diagonal
    resistance suggesting a limited upside potential.

    Dow Jones
    Nasdaq
    TLK
    IDR/US$ *

    US Market
    18,597.7
    5,240.1
    64.20
    13,116

    +23.7
    +11.4
    IDR 4,210

    US$ and regional indices above were taken at 7:45 WIBB


    * Previous data

    S2
    755
    3

    Speculative buy
    S1
    810

    Level
    855

    R1
    890

    TINS managed to take a rebound turn with a bullish


    engulfing pattern after on a downswing during the last
    4 days creating a still favorable potential.

    All Ordinaries
    Nikkei 225
    Kospi
    FTSE 100 *
    DAX *
    CAC 40 *
    IBEX 35 *

    World Indices
    5,614.2
    16,567.3
    2,055.5
    6,868.9
    10,603.0
    4,437.0
    8,550.1

    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
    Securities 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.

    Research Department

    R2
    930

    Tel : 526-1326 Fax : 526-1320

    E-mail: research@kiwoom.co.id

    +6.9
    +81.3
    +0.2
    +9.8
    +65.3
    +19.3
    +63.1

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