The next pick is PGAS which is one of a great growing stock this day. This stock grow greatly with a synergy support between fundamental & technical analysis views. Hence, this firm is so prospective. Well, let us talk technically. This stock has just penetrated the MACD mid-line, which means that this stock has just waken up to continue its rally to the peak. Stochastic is moving upward as the MACD is golden crossing. See the chart...
Rating: Buy On Strength, TP at 150% Fibo 4150, remember that this stock closed at Fibo 123.6% which is the resistant in a while, hopefully it will continue the rally like today as the same closed at resistant.
PTBA itself has rallied to the new high all the time, which means, in long term this stock will continue its rally. This stock in short term is not so good technically even it has a good fundamental effect. As it has been reached the top, look at the MACD has reached the peak & is creating a Dead Cross, while the Stochastic has reached the overbought area & will dead cross soon. See the chart...
Rating: Sell On Strength, TP 17400-17750
While for the SMCB itself it had failed to penetrate its short term resistant, but it will still be a good stock for mid-term as it created a hammer & if tomorrow it opens higher then the bull signal is truly confirmed, as we see the MACD is reversing upward yet the Stochastic is moving upward. These are good sign that we can use to take some profits. See the chart....
Rating: Buy On Weakness, TP 1700-1900
Additional pick for today is SMGR, SMGR is one of the infrastructure firm that operates well together with its subsidiary it capitalized Indonesia quite well. The recent action taken by the corporation is investing US$10mio in Papua, this is supporting the corporate action in investing for a US$341.6 mio project. In addition, this is one of governments firm which will also give you extra bonus in Christmas. See the chart...
Optimistically, that this stock has reached the bottom of the MACD & will reverse starting by tomorrow as we see the MACD is bending upward. This stock is indicating an uptrend in mid-term to long-term
Rating: Buy On Strength, TP 7350-7400, Long term TP 8000-9000
Happy Trading...^^
Disclaimer ON!!!
If the price bought at the wrong price, Cut Loss at 3%
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