JKSE Chart Pattern

Wah.... JKSE is getting worst recently, have no idea of what is going on right now, even though the regional & US's markets are keep growing, but our JKSE is slowing down. The Century's case is now getting blur, and seems have almost no effect to the stock market, while in US the Tight Money Policy won't affect the stocks market as Ben Bernanke's said.

But, technical analysis showed that the JKSE chart is showing a pattern which is likely to form a Head & Shoulder pattern, even it hasn't been really confirmed by the decrement to the neckline.

While, in the other hand, the optimism is increased because of the last candle which is a Hammer, which usually after a Hammer candle, the next day usually creating an increment. But, remember that not the CHART create the PRICE, but the FUNDAMENTAL & NEWS that create the PRICE.

Here's the theoretical price of IHSG if the Head & Shoulder (HnS) pattern created:

X: 264.46

2424.51 - X = 2160.05

Not frightening, but just get ready to take action if it does really happen.

A good trader & investor, know when to TAKE PROFIT & know when to STOP LOSS...^^

Happy Investing^^

Disclaimer ON!!!

Feb 18, 2010

Today market continues its rally, and it has almost reached the target at 2619. This is showing a good thing, while in the other hand, the HnS pattern has almost been cancelled.

Well, the outlook for tomorrow will be:

1. BUY
• AALI.JK
• LSIP.JK
• BBCA.JK
• BDMN.JK
• UNTR.JK
• PGAS.JK
2. SELL
• ELTY.JK
• HEXA.JK
• KLBF.JK

Well, but I will only give review of some stocks of BUY.

AALI

Today it rallied quite a lot & almost touched the upper Bollinger, but this stock is strengthen in trend, as the DI+ > DI-, which means uptrend & the ADX is strengthened. Yet, it's supported with the increasing volume. After tomorrow crossing the upper bollinger, then it's good to take profit 1st as the pattern of AALI tends to reverse after crossing the BB upper.

Rating: TrdBuy, TP: 25400-25550, SL: 23100-23200

Happy Investing^^

Disclaimer ON!!

If anybody wanna get further analysis, just call me from the chat roll.

BBCA

As today it closed above the uptrend channel, yet the ADX has just crossed upward, as well as the Stochastic, MACD, RSI, William's%R & MACD. So, for tomorrow, it's quite good to position our self.

Rating: Buy, TP: 5000-5100, SL: 4425-4500

Economy is recovering

As weeks ago, Greece & Spain were informed to be failed paying the debts, but finally they get the bailouts & back the economy is recovering, which is shown with the increment of some exchanges & commodities especially golds & oils.

Disclaimer ON!!!

Hints Feb 17, 2010

Wow, what a great week.....

After birthday gift, the stocks are rising, market is still bullish, what a great gift from GOD....

Some hints for tomorrow are:

INCO: this one is quite good technically but beware as the other TA isn't really supporting like Bollinger, William's%R & Stochastic, as they're overbought.

INTP: almost the same as INCO's, Overbought, but MAs are showing buy signal.

Some others are: ASII, AALI, JSMR, BBCA,BMRI

INCO & INTP: Trd Buy

Sell!!!!

ITMG: SellOS

No chart for today, hungry & lazy....

Happy Investing^^

Disclaimer ON!!!

JKSE Macro

After this afternoon's sudden rebound with additional rally happened, finally the IDX closed above the resistance of 2543 level of psychology.

Well, before giving some hints for tomorrow, I'd like to analyze the IDX 1st. As it almost created a Head n Shoulder pattern finally it is almost failed, but tomorrow will be the confirmation, if tomorrow the IDX go up, then it is quite safe for us to invest for that time, but if it failed to retain the level, it might confirm the creation of HnS pattern which will lead to another dropping of IDX.

Here're the possibilities:

1. IDX continues its rally upward to the resistance of 2619 and continues to 2688, then it is going to continue to increase
2. IDX failed to continue the rally and decline. But where will it be??? This is the question..... Here's the answer: If the IDX confirmed the creation of HnS then it will drop down to 2448-(2688-2448)=2208, that's the worst case, in the other hand it might crossed some resistance at 2400, 2278, 2235, then to 2208. But as the experience talk that it has ever failed creating this pattern, but remember to stay alert.

Happy Investing^^

Disclaimer ON!!