Stock picks for Jan 19, 2010

Hoaa.....

Today stocks went down, but there will be some good entrance for tomorrow & this week. Look!!!

ELSA

After distributed the dividends, ELSA dropped quite a lot, while today it created a dragonfly doji. So, it means that the market might reverse the price upward, the stock is still in uptrend position. Well,the MACD line is moving downward but not crossing the mid-line (uptrend), the MACD histogram has almost reached the peak. Tomorrow, we can take a bit position on it as it might go don a bit again tomorrow. & will show a golden cross for the next day.

Rating: Buy On Weakness, Entry: 325-335, Stop loss: 310 (downtrend channel), TP: 365-375

INTP

The best cement producer in Indonesia which performed well with high-advanced technology in cement production. This year, it will have the biggest demanded cement by government sector for infrastructure development.

Technically, it might go down again for tomorrow, but the reversal point is still to be waited. As the stochastic is still pointing down, the MACD line hasn't crossed upward & MACD Histogram hasn't reached the bottom. While RSI is still weak.

Rating: Hold, Entry Point: 12500-12700, Stop loss: 12250, TP 14900-15000

PGAS

This stock has rallied & even can't get back to the position, but seems to be back soon, as the technical analysis talked. We can see that it has got 3 black candles. Every indicator is moving down, while the trend-line hasn't been broken. This is still an uptrend movement.

The pattern showed that the 3 black candles will be followed by a white candle the next day. Yet, the Bollinger Bands Bottom has been touched also the uptrend line. While the Stochastic is still weak together with the RSI is still weak.

Rating: Buy On Weakness, Entry Point: 3625-3700, Cut Loss: 3550, TP: 4000-4050

PTBA

The best coal-miner in Indonesia which contributes the most in Indonesia's coal export. We can see after the consolidation time, it's the time to recollect it again. The MACD showed a good sign of re-bull where the Stochastic has golden crossed, while the RSI is regaining its power.

Rating: Buy On Weakness, Entry Point: 17500-17800, Stop Loss: 16700, TP: 18700-19000

Happy Investing....^^

Disclaimer ON!!!

HMSP in market

It was said that PT Philip Morris Indonesia added their ownership in HMSP by buying 6.1 million shares of the firm, which was done on 28 August 2009. From that transaction the ownership increased from 98.04% to 98.18%, which means that the shares in the market nowadays is only around 1.82% shares. This indicated that the full acquisition by PT Philip Morris Indonesia will be much easier & the recent transaction maybe the additional transaction of it. So, we can collect a bit on it. Who knows that it become like AQUA which is offered at Rp450,000/share which means per lot equal to Rp225 million. The things happen between AQUA & HMSP are almost the same whereas AQUA wasn't wanted & so do HMSP due to the low-liquidity.

Wow....

Got the great feeling today, that things are going differently. Like ADRO was unpredictable, seems it's still moving doug.

Watch out.....

Disclaimer ON!!!

HMSP increment

There's a rumour of de-listing of this great holding company.

After purchased by Phillip Morris, then this company is growing larger with larger capital. Now , as the stock is only around 3% in the market, it seems it's going to be de-listed soon.

Rating: Buy for long term.

Disclaimer ON!!! Happy Investing!!!

Review for Thursday

Thursday might be a good day for some, while the other don't.

Tomorrow, still some are good & bad. Let's check 'em out!

AALI

AALI is one of the best performing CPO producer. Well, technically, most indicators show that this stock is declining.

Rating: Sell On Strength, TP 23700-23900

ADRO

After doing great rally this stock will rest for a moment to consolidate, while overbought had been reached.

Rating: Sell On Strength, TP 1950-1970

INDF

INDF as the largest food player, this stock fundamentally is still well, but the indicator shows downtrending a moment.

Rating: Sell On Strength, TP 3400-3550

PTBA

PTBA the largest coal miner, but the chart show the penetration from upper line of MACD to lower. While, it has been overbought.

Rating: Sell On Strength, TP: 17200-17550

UNSP

UNSP last but not the least, one of Bakrie's operation. After the RI rumour came out, suddenly it was shocked down. Then recovering for a while, and it's going to decline soon as overbought. Candle show Black Marubozu, great bear.

Rating: Sell, TP: 610-630