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Sunday 18 July 2010

CT Stock List

Hi, I will only update this blog when there are good ones to be traded. As last week I gave ASII & UNTR as the candidates, and both seems to be showing a sell signal after UNTR's target is fulfilled at 19300, but ASII haven't. But still seems the bull power has ended, we're facing the 3rd week of July which is the worst week at July.

Anyway, we can still speculate for 2-5% profit at some stock. As today I will only give one candidate which is Sampoerna Agro (SGRO.JK). This stock has consolidated for quite a while after a strong bottom reversal at May. And it's forming a symmetrical triangle, which needs confirmation to show the direction, but in my opinion, the chart is indicating a bullish condition but not a very strong one that's why I said 2-5% of upward potential.
Rating: Spec Buy; Entry: 2300-2325; TP: 2400-2475; SL: 2250-2275 (near closing time)

Happy Investing^^
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