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Thursday 3 December 2009

ANTM, INCO, ISAT in analysis

ANTM, the gold-miner which is the only governmental firm that produce gold, yet the gold is known all over the world. This gold-miner didn't score well in their stock. Wonder why this can happen, even they are supported with great FA, but they still can hardly rally their price.

Well, technically, I can say that this stock is quite safe now, but remember you must be a little bit patient in facing this stock meanwhile as it created the symmetrical doji as a sign of sideways movement. Although it showed that way, the other indicator indicates that this stock is going to rise up again.

MACD is moving upward creating the peak as well as the stochastic will go to overbought area. See the chart below...



Rating: Buy On Strength, TP 2475-2525

INCO the sleeping giant as called as one of the popular chartist in Indonesia. INCO itself technically quite safe for meanwhile, but remember, this stock isn't in a good position fundamentally, the issue that this firm got a little bit internal problem. Technically quite good, but play safe....
The MACD is golden crossing, the stochastic is going overbought area, which means that this will go up again.

Rating: Buy On Strength, TP 3850-3875

As I predicted yesterday that ISAT might created a little bit of correction for today. Well, It happened and it closed at a good position while it created a black candle, which might  be only a correction. Fundamentally, the firm is still a great company, technically, the graph showed that it can hardly push over the great resistant of 5000.

MACD is golden crossing as the stochastic has just crossed yesterday, so upward movement is confirmed
See the chart....


Rating: HOLD, TP 5100-5200



Happy Trading...^^
Disclaimer ON!!!
If the price bought at the wrong price, Cut Loss at 3%

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