Our index again breaking a new record and we're heading to 3Q2010, with optimism of the company's earnings will increase this 3Q. This brings a very good impact to our economic climate along this year. Optimism toward the sales of a lot of companies will increase is increasing. Promotion toward a lot of second liners & corporate actions by a lot of second liners becoming additional fuel for our index to accelerate again.
After given a recommendation for September 15 to buy at 1320-1330, but I entered at 1350 as I late to queue up. Yesterday it gave another confirmation of Cup & Handle Pattern. This is a good confirmation for furter continuation. So, we can add up our position if we want, or if we don't want just hold, TP is increased. The confirmation happened at 1420-1430 & I hold my position till now.
Rating: Accumulate Buy; Best Entry: 1430-1440, Good Entry: 1450-1470; TP: 1640-1650, SL: 1210-1200
2. BW Plantation (BWPT.JK)
After being recommended days ago, then it pulled back, we an see that it is also forming a cup & handle formation with the handle is being forming. yet, the consolidation might be happening in some few days, but we can start to re-accumulate as CPO hasn't rallied since the holiday.
Rating: Buy On Weakness; Entry: 840-850, TP: 920-940; 1150-1200; SL: 810-800
3. Indika Energy (INDY.JK)
This stock has consolidated quite a long while, together with the oil price, this stock is expected to be increasing as Crude Oil is also having a seasonal Bullish condition which will also affect the sales of INDY. We can see that this stock has been consolidated & becoming low risk, yet indicators are positive toward it.
Rating: Buy; Entry 3300-3325; TP: 3475-3525; SL: 3200-3175
4. Indo Tambang Raya Megah (ITMG.JK)
This is one of the best mining company, we can see that the performance is getting better. A gap at 38900-39100 can become a catalyst to the upward motion, low risk is one of the plus point to this stock.Oscillators are moving upward.
Rating: Buy; Entry: 38650-38700, TP: 40500-41000, SL: 36500 - 36450
Happy Investing^^
Disclaimer ON!!!
