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Thursday 22 April 2010

Stock Watch Apr 23, 2010

Well, not muc can be given for tomorrow, as index is breaking its high again, but one word, that we're moving better or higher and still investors are still optimistic toward our economics. It is expressed on our index which is keep moving upward. Yet, actually besides the good sentiments from big caps company, the tecnical analysis views still very great.

Technically, our IDX has just broken the descending triangle pattern and actually it's creating a continuation pattern to go further, yet our index will push higher to higher level, before the seasonal sentiment of World Cup which might slow down the world of stocks.
Rating: Good; Target: 2950-3000

Some picks for tomorrow, we can still watch at ASII, ITMG, TINS, TBLA.
ASII, after broken the downtrend channel, it might continue to the next resistance at 46700, and might recontinue to break the next resistance at 48150.
Rating: Buy; TP: 46500-46700

ITMG, haviing good sentiment of high yield of dividend is the main fuel of the stock to be boosted up,still high target is aimed.
Rating: Buy On Weakness; TP: 39300-40000

TINS, high demand of tins with low inventoriy level, boost up the price of LME tins, which makes TINS earn extra income.
Rating: Hold; TP: 2950-3000

TBLA after posting higher net income FY2009, this stock might be the best pick for penny stock, yet the good technical analysis view might be a consideration for us to enter, as today it didn't go much lower.
Rating: Buy; TP: 465-485

Happy Investing^^
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