Today market goes as expected, yet the volume is not really supported but the index is supported by the increment of AALI as the index mover of the day with some bluechips also. Tomorrow together with a nice set up in US tonight, I can say that this is a very nice start of the Q4 Rally which is known as window dressing.
1. Matahari Putra Prima (MPPA.JK)
This retail keeps increasing their sales volume but the latest Q3 report they have increase in profit because of the sales of one of its business unit. This can be said as a 'fake' profit, but I believe that their operation is still good with their dept store which sells stuff for middle-low economy people which are the largest population in Indonesia. Even I can say that their operating expense keep increasing with decreasing in sales. But since based on its technical analysis is quite good, we can trade for short term.
Rating: Buy On Break; Entry: 1420-1430, S/L: 1310-1300
2. Bukit Uluwatu Villa (BUVA.JK)
After a sudden accumulation at the closing bell, this stock finally surge up to 600, which is still its all time high which I expect to be broken tomorrow. If tomorrow it is broken, then we can add our position, but if not, we can wait at 590.
Rating: Buy; Entry: 590-610 (add at 610 when 600 is broken), S/L: 540-530
Remember that we must be very discipline o the plan, note the plan & win the trade...
Happy Investing^^
Disclaimer ON!!!
