CT Stocklist (Sep 17, 2010)

Today, we have seen that our index is corrected only in a small amount with some stock is still pushing higher like TINS, INDF, & some good stocks. We can see that some stock also making a new record of all-time-high like JPFA & GJTL.

But we are still optimistic with our position that tomorrow will still continue the rally as some “firm” are netting with big amount today. Some stocks to be watched like Industries, Consumer & Infrastructure sector, we can see that some company is in a good condition.

Yet in addition, our market is going to be upgraded becoming “Investment Grade” in January 2011. This will increase the hot money entry to our market again.

Jasa Marga (JSMR.JK)

Forming a very nice position for today, yet it is very possible to retain the position at low of the day at 3050 which is the support for now on. It has a very great upside potential after days of accumulation, yet most oscillators are showing oversold area, tomorrow will be the day of the purchasing. Nice position with a great position.

See the pattern, that each time the volume become low and the black candle are three, then a white candle is expected after it touched the up trendline. And a volume spike is expected in the days in future.

 Rating: Buy on Break; Entry: 3225-3250, TP: 3700-4000, SL: 3000-3025

Bumi Teknokultura (BTEK.JK)

After corrected for a few moments, it is forming a symmetrical triangle which has a high chance to continue the upward movement as the lower side of triangle is more horizontal than the upper side one. Hence, this stock is uptrending strongly with the possibility of upward movement as a lot of oscillators are also moving upward. A volume spike is a sign of good breakout.

Rating: Buy; Entry: 610-620, TP: 720-750, SL: 520-530

Bank BTN (BBTN.JK)

After consolidated, BBTN today made a spike of volume & price which was confirmed at 1860. But unfortunately, I also missed the confirmation. But still we can spec buy for tomorrow. A sign is also indicated by a good volume.

Rating: Spec Buy (1890-1900); Best Entry: 1860-1870, TP: 2300-2400, SL: 1780-1790

Happy Investing^^

Disclaimer ON!!!

Crude Oil

Technically, Oil is potentially to rebound to higher level when it can retain the level of current level which should be above $74, if this level is retained then, there will be a very high possibility of it to regain its short term bull again.

By forming a symmetrical triangle it open the current position to a bull position, yet the economic data show that there's a lacking of oil inventory this week, which is a good sentiment even it's lower than the consensus result.

Rating: Buy On Weakness; Entry: $71-$73; TP: $80-$83; SL: $70-$70.5

Happy Investing^^
Disclaimer ON!!!