Unstable Market

29 days to go to FIFA World Cup 2010, South Africa, market is very unstabel at this time, no recommendation for now, as the last day of trading, the index went up with a  very low volume.

We can see from the charts that the last 2 weeks volume dropped when the index is increasing & the volume increase when the index is down.

This indicates the declining of the index. No target has been made.

Happy Investing^^
Disclaimer ON!!!

Additional Stock Watch (Buy List)-BoW

Bank Mandiri (BMRI) is one of the counter with TP 5600-5650, SL: 4950-5000

Mitra Rajasa (MIRA) TP: 325-350, SL: 250-260

Bukit Asam (PTBA) TP:18300-18350, SL: 17000-17100

Happy Investing^^
Disclaimer ON!!!

CT Stock Watch May 10, 2010

After news from Europe was posted very well & as hoped, the market started to recovered back, as our index was increased by 4.1%, and it increased the optimism of market.

As now DJIA (Dow Jones Industrial Average) is +3%, we change our counter to Buy On Weakness.

Technically, our index is forming a symmetrical triangle with the target level at 3000-3025, so if the condition maintain well, we are very optimistic to have that target.

Rating: Buy On Weakness; TP: 3000-3025

Stock picks:

1. Astra International (ASII.JK, ASII:IJ)

After decreased for days, ASII become the top picks for becoming the market mover for tomorrow, as there are a lot of gaps to be closed above the candle that will be closed start from tomorrow as the condition become re-BULLISH after it broken back the SMA60 as the mid-term line.

Rating: Buy On Weakness; TP: 43300-43400, 45000-45500, SL: 42250-42350

2. International Nickel (INCO.JK, INCO:IJ)

After wasn't supported by their sales, finally this stock awaken from the sleep. This stock is showing its power again to show its strength. Now, it has formed a very strong fundamental with increment of Net income 1Q2010 increased by >300% YoY.

Technically, the charts are showing golden crosses, so we can start to accumulate.

Rating: Buy On Weakness; TP: 4775-4825, SL: 4450-4475

3. Bank Tabungan Negara (BBTN.JK, BBTN:IJ)

After having a very strong power of bull, BBTN seems to finish its consolidation & the bottom reversal seems to have happened.

Rating: Buy On Weakness; TP: 1560-1600, SL: 1370-1380

Happy Investing^^

Disclaimer ON!!!

Rebounds

Well, there's still no certainty for our stock exchange in the short time...

Meanwhile, we're expecting for technical rebounds...

While, the rebound analysis will be given tomorrow...

Happy Investing^^
Disclaimer ON!!!

CT Watch List (May 7, 2010)

After today the mid-day traded lower, today it suddenly recovered a bit, and some stocks especially blue-chips may be our consideration for tomorrow's trading (One Day Trade-ODT).

Gudang Garam (GGRM)

One of the defensive stock that didn;t go down today even market crash quite badly. Well, it formed a ascending triangle which candle is along the trend line.

Rating: Buy; TP: 28550-22700

Kalbe Farma (KLBF)

Can be one of the alternative for trading especially one-point trade to 2000s. SL: 1850-1890

Adaro Energy (ADRO)

The other alternative for trading. SL: 1960-1980

Happy Investing^^

Disclaimer ON!!!