Today JKSE close at the level of all-time high which will be confirmed by tomorrow trade of which will continue the upward force or will reverse back as it is the strong resistance. In addition, market indicators are indicating good indications.
Today I will provide you reader two types of stocks to watch & consider for your best investment (LQ45 & 2nd liners + "fried chips")
Yesterday's ratings for LQ45 stocks are still OK, with some additional today. We still can accumulate them.
Blue chips (LQ45)
Bank Rakyat Indonesia (BBRI.JK, BBRI:IJ)
This is one of the biggest bank in Indonesia, and can be said as the best one in asset. While the fundamental of this bank is not so good, as the bank can't provide good service, and the target market of the bank is middle-low society, but we still can do some trading on it.
Technically, we can see that it's forming a symmetrical triangle, and if tomorrow it can break upward, then it's quite wise for us to accumulate for those who's had the stock, but it it can;t break the resistance at 8600, then it's wise enough to take profit
Rating: Hold or Trading Buy, TP: 8800-9050, SL: 7900-8000
Perusahaan Gas Negara (PGAS.JK, PGAS:IJ)
One of the gas supplier that highly capitalized the market, while it posted a great increment of net earning in FY 2009 vs FY 2008. Even analyst is not so optimistic toward the company itself as the forex profit will not be that easy again to be got, as IDR (Indonesian Rupiah) is getting stronger, but still the production & expansion increase the income, but not as phenomenal as the previous ones.
Technically, it has just broken the symmetrical triangle and is showing bullish sign, by most oscillators & indicators, MACD is reversing upward, RSI< Stochastic, W%R is moving upward, EMA5-15 has just crossed.
Rating: Trading Buy; TP: 4325-4375, SL: 4000-4050
Bank Mandiri (BMRI.JK, BMRI:IJ)
The bank is quite good, and the target market is wider than BBRI. In addition the service inside it is quite nice, with good buildings, the bank is aiming for better customer. Yet it also give big loans for big company, like UNSP, Garuda, etc.
Technically, the price is increasing, and the indicators are showing great conditions. Yet it increased in two days with significant volume.
Rating: Buy; TP: 5600-5650, SL: 5200-5250
Bukit Asam (PTBA.JK, PTBA:IJ)
After long-time I hasn;t analyzed the stock, finally it came out to my watch list again, as it increased quite great in value today. Coal miner is valued great today's as the railway project will increase their production volume.
Technically, the stock is consolidated quite well, and now seems to be the time to move on. It is now on trading range between 17300-18400, and it's now increasing after yesterday's bounce.
Rating: Buy On Weakness; TP: 18300-18400, SL: 17300-17400
Indocement Tunggal Perkasa (INTP.JK, INTP:IJ)
The firm is leading the growth of sales of cement in March by 25% and follwed by SMCB, SMGR. The increment of demand is due to the increment of property development in 2010.
Technically, everything is still in good position, Stochastic is going to golden-crossed tomorrow if the price is up, and so does MACD, there are still a lot of good signs in this stock
Rating: Buy; TP: 15600-16000; SL: 14400-14500
2nd liners & 'fried chips' (from best pick to the better), Spec BUY:
BTPN, BTEL, TRAM, KIAS, LTLS, BKSLThese 2nd liners & 'fried chips are very risky, and remember to cut losses, except BTPN is quite safe for mid-long. Once get profit, can directly realized them, as you might loss all of them if not realized as soon as possible.
Happy Investing^^
Disclaimer ON!!!
