Stock picks for Jan 19, 2010

Hoaa.....

Today stocks went down, but there will be some good entrance for tomorrow & this week. Look!!!

ELSA

After distributed the dividends, ELSA dropped quite a lot, while today it created a dragonfly doji. So, it means that the market might reverse the price upward, the stock is still in uptrend position. Well,the MACD line is moving downward but not crossing the mid-line (uptrend), the MACD histogram has almost reached the peak. Tomorrow, we can take a bit position on it as it might go don a bit again tomorrow. & will show a golden cross for the next day.

Rating: Buy On Weakness, Entry: 325-335, Stop loss: 310 (downtrend channel), TP: 365-375

INTP

The best cement producer in Indonesia which performed well with high-advanced technology in cement production. This year, it will have the biggest demanded cement by government sector for infrastructure development.

Technically, it might go down again for tomorrow, but the reversal point is still to be waited. As the stochastic is still pointing down, the MACD line hasn't crossed upward & MACD Histogram hasn't reached the bottom. While RSI is still weak.

Rating: Hold, Entry Point: 12500-12700, Stop loss: 12250, TP 14900-15000

PGAS

This stock has rallied & even can't get back to the position, but seems to be back soon, as the technical analysis talked. We can see that it has got 3 black candles. Every indicator is moving down, while the trend-line hasn't been broken. This is still an uptrend movement.

The pattern showed that the 3 black candles will be followed by a white candle the next day. Yet, the Bollinger Bands Bottom has been touched also the uptrend line. While the Stochastic is still weak together with the RSI is still weak.

Rating: Buy On Weakness, Entry Point: 3625-3700, Cut Loss: 3550, TP: 4000-4050

PTBA

The best coal-miner in Indonesia which contributes the most in Indonesia's coal export. We can see after the consolidation time, it's the time to recollect it again. The MACD showed a good sign of re-bull where the Stochastic has golden crossed, while the RSI is regaining its power.

Rating: Buy On Weakness, Entry Point: 17500-17800, Stop Loss: 16700, TP: 18700-19000

Happy Investing....^^

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