Friday Outlook Continuation

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%

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%

Today's Review

As we see that market moved more than expectation, that even shocked me. Gold spot rose very fast. It seems that this is the new point of our economic recovery.

Well, as I told you yesterday that some will be quite speculative & might have some correction. Enjoy your night, free your mind & let your profit runs...

Happy trading...^^
Have a great day...^^