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Wednesday, 2 December 2009

Thursday Outlook 2

The other picks are from Mining, Energy & Infrastructure sectors, which are PGAS, PTBA & SMCB.


The 4th picks, PGAS as the fundamental said that it plans to build two LNG floating terminals,etc. The technical showed that this stock can be bought & especially when it can pass the resistant of 3800. Once it passed you can let your profit run, but once it failed, trade sell.





Rating : Hold, TP 3875, Buy at 3800 but if dropped, cut loss at 3%

The next one is PTBA, this is one of the bidder of BHP too, as the MACD & stochastic are moving to oversold area, but they are golden crossing.



Rating: Buy, TP 17400

The last but not least, SMCB as one of the top picks in infrastructure. The trading point is at 1500-1700, which is quite wide. Fundamentally, no doubt that this company will earn more next year as the infrastructure developing year. Technically, the MACD & Sto have reversed upward & Sto has golden crossing...




Rating: Buy On Strength, TP 1700


Cut loss at 3% when the picks which is bought at the resistant are failed to passed its resistant.
Anyway, Let your profit runs....
Happy Trading...^^
Disclaimer ON!!!

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