CT Stock Watch

Stock watch for this situation is quite different from the bullish position. In this uncertainty condition, it's better for us not to force our selves to buy on stock, but still there are some defensive stocks that is quite deserved to be watched.

Today's stock watch is all the cement producers, whereas they are strong in fundamental as they are still expanding their business after facing increment of cements demand. So, fundamentally we are quite confident with the increment of cement demand, which will increase the income of them.

The list is listed respectively thru the best recommendation in technical analysis

1. Holcim Indonesia (SMCB.IJ, SMCB:IJ)
Technically, the chart is showing a bottom reversal of the stock but as today the index is going down & the stock can't on the resistance of 2100, it bounced back lower with lower volume. The indication of bottom level of the stock is quite near,we can see at DMI/ADX that the DI- line crossed the ADX line downward which means the power of bear is going down.

Rating: Buy On Weakness; Entry: 1960-1970, TP: 2050-2100, SL: 1940-1950

2. Semen Gresik (SMGR.JK, SMGR:IJ)
The leader of government cement's firm, who has just rallied to break a new high at 9000 when our index moved crazily last week. This stock is quite strong yet defensive, but still remember that the plan of placement seems hasn't finished yet. Technically, it seems the stock is moving around the trading range at 8250-8500.

Rating: Buy On Weakness; Entry: 8200-8250, TP: 8400-8500, SL: 8000-8050

3. Indocement Tunggal Perkasa (INTP.JK, INTP:IJ)
Technically, we can see that it's forming a ascending triangle, we can buy at the lower band of the triangle, but if failed to retain the position, exit is the best way....

Rating: Buy On Weakness; Entry: 14250-14300, TP: 15500-15600, SL: 13800-13900

REMEMBER!!! WE are on a BEARISH MARKET!!! Be discipline on the plan, happy profit-ing...^^

Happy Investing^^
Disclaimer ON!!!

Amazing yet Shocking

Today, tradings are so shocking yet amazing.... After hours thrilling us with worry,finally we are calmed by the sudden rebound of global market, whereas the US market suddenly rallied from its bottom below 10000, to above 10000.

Hence, the outlook hasn't been a bullish market, as we can see till this blog is posted, the average US market hasn't rallied, why I can say that averagely, we can see the S&P500 Index that is more representing the economy of US is still running at 0 territory, which doesn't show any strong movement.

Technically, the chart tends to move sideways, this is caused by the market hasn't looked at the market as a 'bull' market, but doubt fully filling the market.

The market isn't strong yet, but still Indonesian market isn't suggested yet, as today there's a rumor that investor is reallocating their money to bonds, as bonds aren't charged by taxes.

Back to our country, we can see that the fundamental / macro economic information is not really flow nowadays. Still the hottest issue is the European crisis.

Technically, we can see that today JKSE showed a really big top reversal, and this can continue as some technical indicators failed to golden crossed.

The next question from you, what's the target???!!!

Rating: Hold, TP: A: 2577-2592, B: 2410-2430, C: 2300-2330

If target A accomplished & bounced, then the wave 1 (FINISHING WAVE) failed, but if the A was penetrated, a full bull might take position & continue to B & if penetrated again with volume, C will be the next target of accomplishment. Hence additional, a GREAT BEAR if the C is penetrated, next target will be around 2200-2227.

Stock list to be watched will be posted in a moment...

Happy Investing^^

Disclaimer ON!!!

Can't provide a lot

Sorry for the insufficient info provided for this week, due to I'm having my final exam, so,I can only give you a little info.

Tomorrow & this week is gonna be a quite dangerous week where as the Fitch has just degrade the credit rating for Spain, which is also about the debt crisis. SO, JKSE is expected to be down graded again, back to the level I targeted days ago.

Happy Investing^^
Disclaimer ON!!!

JKSE

Technically, JKSE has surpassed the Elliot wave target with volume, but since the global market hasn't fully stable, we're pessimistic that today it will rally.

Based on the pattern of seasonal pattern of World Cup, there's always a big rebound & big sell offs....

The nearest support is at 2500-2515...

The next target is quite near 2695-2710.

Rating: Sell On Strength; TP: 2695-2710; 2790-2810

Happy Investing^^
Disclaimer ON!!!

SOS

Sell On Strength will be on today's agenda, as yesterday it rallied with the highest gain, but not supported by regional & US markets, so it's quite wise for us to realize all profit.

Dow failed to retain the level of 10,000, while Crude Oil able to retain the level of $70.8, but since it has rallied to $71.8 & closed at $70.8, this shows the market hasn't really agree with the recovery, or this might just be a trap / bull-trap.

Happy Investing^^ Disclaimer ON!!!