After long time no entry to stocks, now there's a stock which has gone down since long time ago, but now it has been going up a little bit. Slow but sure is the best word for it.
Telekomunikasi Indonesia (TLKM.JK, TLKM:IJ)
After consolidating a long time & gone down from a very high price to a very low price, now it is the time for it to move the index, it will surely becoming the fuel of moving our index together with some stocks like ADRO which hasn't gone up yet. I upgrade ADRO to Entry (2000-2025), the target for now will be increasing to 2200, and SL still the same. For TLKM, it needs quite a long time for it to go up again to 10,000. But we can now start collecting it but keep watchout as August market is a little bit risky market.
From technical analysis view, we can see that it is still inside the Linear Regression Line for 23 days with the confidence level of 89.59% of movement and the rest is still random which is around 10.41%. So we can start to see when it dropped we can enter the market. MFI is in oversold area, so we're waiting for the dropping to enter the market before we are buying at high.
Rating: Buy On Weakness; Entry: 8050-8150, TP: 8350-8450, SL: 8000-8050
2. International Nickel Co. (INCO.JK, INCO:IJ)
INCO is a strong company, with a good management yet the stock is very good in movement, once it confirmed the upward motion, then one day will be a very great day for it to push the price to 3-5% in a day. Although the price is quite high now, we must wait a moment after this posting.
Technically, it is still in uptrend wave, with a validity of 86.73% and the rest is randomized. Yet this is showing a strong figure statistically. Well, we can see that the price is overbought and now we are waiting for the downside time to enter the market. Yet, the the gaps from 4250 to 4825, so upward potential is there.
Rating: Buy On Weakness; Entry: 4025-4075, TP: 4325-4400, SL: 3975-4000
Happy Investing^^
Disclaimer ON!!!
