CT Stock Watch

Stock watch for this situation is quite different from the bullish position. In this uncertainty condition, it's better for us not to force our selves to buy on stock, but still there are some defensive stocks that is quite deserved to be watched.

Today's stock watch is all the cement producers, whereas they are strong in fundamental as they are still expanding their business after facing increment of cements demand. So, fundamentally we are quite confident with the increment of cement demand, which will increase the income of them.

The list is listed respectively thru the best recommendation in technical analysis

1. Holcim Indonesia (SMCB.IJ, SMCB:IJ)
Technically, the chart is showing a bottom reversal of the stock but as today the index is going down & the stock can't on the resistance of 2100, it bounced back lower with lower volume. The indication of bottom level of the stock is quite near,we can see at DMI/ADX that the DI- line crossed the ADX line downward which means the power of bear is going down.

Rating: Buy On Weakness; Entry: 1960-1970, TP: 2050-2100, SL: 1940-1950

2. Semen Gresik (SMGR.JK, SMGR:IJ)
The leader of government cement's firm, who has just rallied to break a new high at 9000 when our index moved crazily last week. This stock is quite strong yet defensive, but still remember that the plan of placement seems hasn't finished yet. Technically, it seems the stock is moving around the trading range at 8250-8500.

Rating: Buy On Weakness; Entry: 8200-8250, TP: 8400-8500, SL: 8000-8050

3. Indocement Tunggal Perkasa (INTP.JK, INTP:IJ)
Technically, we can see that it's forming a ascending triangle, we can buy at the lower band of the triangle, but if failed to retain the position, exit is the best way....

Rating: Buy On Weakness; Entry: 14250-14300, TP: 15500-15600, SL: 13800-13900

REMEMBER!!! WE are on a BEARISH MARKET!!! Be discipline on the plan, happy profit-ing...^^

Happy Investing^^
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