CT Stock List

After long time no stock list, today I post again a stock list. The list is not long because there's only a candidate for tomorrow which is Bank Danamon (BDMN.JK)

Even it's not a main player in banking, but as a second liner bank, it still deserve to be watched. Technically, it's forming a symmetrical triangle with a possibility of bouncing from the trendline with a nice candle of dragonfly doji, a reversal pattern which tends to be a bottom reversal pattern, with the EMA is golden crossing. Oscillators are moving positively together with the MACD which seems to be forming a bottom reversal pattern.

Rating: Buy On Weakness; TP: 5600-5800, SL: 5100-5200; Entry: 5250-5300

Happy Investing^^

Disclaimer ON!!!

IPOs

This week & next week will be a full IPO week. That's a good impact toward the JKSE.

From all IPOs,I'd only pick one for collection. The others will be only for tradings. The best pick for these IPOs is Indopoly (IPOL.JK), which is a subsidiary of INDF.JK.

Well, there are some advantages it has:
1. It is a big company, as one of the biggest plastic producer in Asia.
2. It's quarterly net profit increase bymore than 100% YoY
3. It has a lot of listed shares which means that this stock will be quite defensive & not being easily being "fried"
4. It is owned by INDF which has proven their management quality which might be adopted by them
5. It is rumoured to be collected by a lot of fund managers from abroad
6. It is emitted by a foreign broker which is known as great for IPOs, OSK Nusadana (DR), we can see DSSA.JK as example.

Happy Investing^^
Disclaimer ON!!!