At the last trading day we had a cooling down news which is the announcement of BI Rate, which is finally increased to 6.75% which is 25 basis point increment, which is also expected by the market. Personally, I'm quite optimistic that this will be one of the 'fuel' for JKSE to continue the upward movements, because the announcement is as expected & I think that tomorrow will be a bit shocking in the beginning of the trade but will end up with green again, as I expect.
A bit technical view on our index for the upcoming week is remain bullish. I see that there's a similarity in weekly pattern at May 2010 with the current condition. We can see after a bottom, then one week up & a hammer which is continued with another bull week which is a strong bull week.
See the chart below:
Can you see??? A bottoming candle at the same line, after that a Bull Candle, A Hammer & Another Bull Candle at May. Will it happen again for the upcoming week??? We'll see with the BI Rate sentiments.
So, here's the stocklists for next week:
1. BW Plantation (BWPT.JK)
After being in selling pressure on Friday, the MACD still showing a good signal, while the MACD is showing 3-greens which is quite confirming as a bullish reversal signal. But be very aware that it still have a resistance at 1250, so it's much better for us to wait until it breaks 1250 level.
After being in selling pressure on Friday, the MACD still showing a good signal, while the MACD is showing 3-greens which is quite confirming as a bullish reversal signal. But be very aware that it still have a resistance at 1250, so it's much better for us to wait until it breaks 1250 level.
Rating: Buy; Entry: 1260-1270, S/L: 1090-1080, TP: 1590-1620
2. Tunas Ridean (TURI.JK)
After went down & consolidating for long time, this stock is now discounted to a quite low price, but the upward movement seems to be in charge this time. A double bottom pattern & breaking the resistance is the key to buy on this stock.
Rating: SpecBuy; Entry: 640-660, S/L: 560-550, TP: 690-700
3. Indosiar Karya Media (IDKM.JK)
A fast moving stock since last year at first time breakout rally it has made a gain up to 732%, which is a very astonishing gain. I see a potential gain on this stock but a bit speculative as this stock is a fast moving but gaining stock.
Rating: SpecBuy; Entry: 960-970, S/L: 850-840, TP: 1200-1300
Happy Investing^^
Disclaimer ON!!!
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