After news from Europe was posted very well & as hoped, the market started to recovered back, as our index was increased by 4.1%, and it increased the optimism of market.
As now DJIA (Dow Jones Industrial Average) is +3%, we change our counter to Buy On Weakness.
Technically, our index is forming a symmetrical triangle with the target level at 3000-3025, so if the condition maintain well, we are very optimistic to have that target.
Rating: Buy On Weakness; TP: 3000-3025
Stock picks:
1. Astra International (ASII.JK, ASII:IJ)
After decreased for days, ASII become the top picks for becoming the market mover for tomorrow, as there are a lot of gaps to be closed above the candle that will be closed start from tomorrow as the condition become re-BULLISH after it broken back the SMA60 as the mid-term line.
Rating: Buy On Weakness; TP: 43300-43400, 45000-45500, SL: 42250-42350
2. International Nickel (INCO.JK, INCO:IJ)
After wasn't supported by their sales, finally this stock awaken from the sleep. This stock is showing its power again to show its strength. Now, it has formed a very strong fundamental with increment of Net income 1Q2010 increased by >300% YoY.
Technically, the charts are showing golden crosses, so we can start to accumulate.
Rating: Buy On Weakness; TP: 4775-4825, SL: 4450-4475
3. Bank Tabungan Negara (BBTN.JK, BBTN:IJ)
After having a very strong power of bull, BBTN seems to finish its consolidation & the bottom reversal seems to have happened.
Rating: Buy On Weakness; TP: 1560-1600, SL: 1370-1380
Happy Investing^^
Disclaimer ON!!!
