Today, Indonesian Stocks are so hot. This is due to there are a lot of traders speculating in some bluechips like, BUMI, ENRG, ITMG, ASII, etc.
But, these bluechips are brought down, this might be the strategy of big investors to gain more. By bringing the price down, they will accumulate their ownership & they will force sell the retail investors.
Well, in my opinion, if you can still hold, it's better for you to wait for tomorrow, as tomorrow might rebound with a weak start in 1st session as a
force sell time. Be careful of their strategy, as it's better for you to wait before cutting loss because of force selling.
Well, back to stocks review, today BUMI has started high but it ends low. This is looked as the strategy of the majority owner, and they might push the price up due to gaining the trust from China government as China will borrow money to them.
For ENRG, today might be a little correction as tomorrow might boost it up, as the candlestick has pushed up & might continue its increment up to the bullish time, mot too high, but might increase.
For PTBA, it's one of the best performing coal-miner in Indonesia, as its performance in our country is great. And it's supported by great financial support that enables it acquisite some big companies like BHP Billiton.
It might be quite good for holding long-term. Because it's one of the stock that has been back to its position pre-crisis.
Eventhough, infrastructure stocks might be good for next year as government add the budgets for development in our country especially in infrastructure sector. Buy low, hold for mid-term to long-term might be good.
Anyway, Happy Trading...^^
Disclaimer ON!!!
