4 April 2016

Daily Technical Analysis

S2
4,800

S1
4,827

IDX
4,843.1

R1
4,875

R2
4,900

Regional bourses traded mixed with positive tendency

this morning, backed by 107 points gain in Dow
Jones.
The IDX took a thin downturn with a doji formation
near a resistance last week indicating a slower upside
momentum.
We expect IDX to trade mixed with positive tendency
today, backed by the overall positive sentiments from
lower subsidized fuel price effective since 1 April.
BMRI
S2
9,100

Buy on weakness
S1
9,600

Level
10,100

R1
10,650

R2
11,120

BBRI

Buy on weakness

S2
10,550

S1
10,875

Level
11,100

R1
11,450

R2
11,725

BMRI still moved lower near its diagonal support on

Friday so that any further downturn maybe in a limited
range.

BBRI was in the negative side last week but with a

close near several supports that could potentially slow
down the weak turn.

MPPA

WSKT

S2
1,575

Trading buy
S1
1,645

Level
1,700

R1
1,760

R2
1,855

MPPA moved higher after on a consolidation with a

long white candle and a high enough volume so that
could lead to another positive movement.

Dow Jones
Nasdaq
TLK
IDR/US$ *

US Market
17,792.7
4,914.54
51.04
13,155

+107.6
+44.6
IDR 3,357

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

* Previous data

S2
1,900

Sell on strength
S1
1,950

Level
2,035

R1
2,050

WSKT ended the session up but not followed by a high

volume and the RSI trend near an overbought area in
which could limit the upside opportunity.

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

World Indices
5,087.7
16,173.0
1,974.4
6,146.0
9,794.6
4,322.2
8,602.3

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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
2,100

Tel : 526-1326 Fax : 526-1320

E-mail: research@kiwoom.co.id

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