As JKSE was safe at the 2nd target level of retracement at 2575-2590 last Friday, then it's quite possible that our index will rebound for quite a while. As the US indexes have rebound on last Friday. This is one of the positive sentiment toward our index for Monday morning. In addition, Crude Oil is quite strong at the level of $70.
Technically, based on the countings, that our index will bounce to the a higher level for few days, before it continues its sell offs. But still it will continue the sell offs if there's no positive sentiment toward the economy. Well, let's see the target.
Rating: Buy On Weakness; TP: 2735-2750
Still we're in a bear market, as we can see that ADX is getting stronger at 36 pts.
CT Stock Watch
1. Astra Int'l (ASII.JK, ASII:IJ)
The best stock that correlate quite well with the index, and can be said as the 'lifter' of our index.
Rating: Buy On Weakness; TP: 40200-40700, SL: 36500-36800
2. Adaro Energy (ADRO.JK, ADRO:IJ)
The other market mover, we can see a gap on the price at the level of 1870-1900. Potentially to close the gap, as the global market is having a technical rebound.
Rating: Buy On Weakness; TP: 1900-1920, SL: 1800-1810
3. Int'l Nickel (INCO.JK, INCO:IJ)
After bounce back from the level below 4000, and still at the level of below 4000, it potentially rally to the level at 3925-4000.
Rating: Buy On Weakness; TP: 3925-4000, SL: 3600-3625
4. Aneka Tambang (ANTM.JK, ANTM:IJ)
So does ANTM, potentially closing the gap as ADRO does, which has a gap at 1870-1900.Rating: Buy On Weakness; TP: 1900-1920, SL: 1800-1810
REMEMBER!!!
They are all in bearish market, so take your profit before they go down and touched the stop loss!!!
And be discipline if they really touched the stop, as we're in a totally bear market.
Happy Investing^^
Disclaimer ON!!!
