It was accused by judges that IPO of PGAS in 2003 was bribed to the Parliament in 1999-2004.
Beware....
Rating: Sell On Strength
Disclaimer ON!!!
Tuesday, 19 January 2010
IHSG Outlook
IHSG has rallied since the opening of 2010, and now is still in bullish position where as today it created a Bullish Engulfing Pattern which is a bullish pattern that keep IHSG in bullish position.
Although, the Bollinger Bands is expanding which indicate the price range expansion, which is expanded upward to 2710 points. While the MACD line is bending upward & stopped to make a dead cross, even though the MACD Histogram is still in bear, yet it haven't broken the mid-line of 0.
While in the other hand, the RSI & Stochastic has reached overbought area, which is considered to be a warning for us. Remember that these two indicators are quite accurate.
Be careful for this time as corrective waves might happen soon.
Rating: Sell On Strength
Happy Investing^^
Disclaimer ON!!!
Although, the Bollinger Bands is expanding which indicate the price range expansion, which is expanded upward to 2710 points. While the MACD line is bending upward & stopped to make a dead cross, even though the MACD Histogram is still in bear, yet it haven't broken the mid-line of 0.
While in the other hand, the RSI & Stochastic has reached overbought area, which is considered to be a warning for us. Remember that these two indicators are quite accurate.
Be careful for this time as corrective waves might happen soon.
Rating: Sell On Strength
Happy Investing^^
Disclaimer ON!!!
20 Jan 2010, still bright
Picks are still the same as yesterday.
ELSA buy at lower bands of Bollinger Bands. Entry at: 320-330
INTP buy at lower bands of Bollinger Bands. Entry at: 12500-12900
PGAS should be quite bad this time... Look at the updates
PTBA also the same.
Monday, 18 January 2010
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!!!
Friday, 15 January 2010
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. |
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