IHSG in analysis (Feb 8, 2010)

IHSG is now in a big correction & closed at the short-term support of Fibonacci at 38.2%, and if tomorrow the downward motion continues, then it might continue to go deeper at 2500, 2462.5, 2408, 2383 (might be the worst). Anyway, this time, CASH will be the king...

My own portfolio is 50% of cash, and still wait & see....

For your info, tomorrow will be the cum date of HMSP dividend. Take it or leave it!!!

Happy Investing^^
Disclaimer ON!!!

Feb 8, 2010

After being crashed, one of the stock that showed some great sell signal is SMGR. Take a look at the charts & indicators...

First of all, we'd like to see the MACD indicator that had showed a sell signal since February 1,2010, and till now there's no reversal movement which is added by the gapped down candle stick.

Secondly, the ADX is below the 40, which means the strong uptrend which was created since the crisis recovery has weakened since Oct 20, 2009. Yet, the DI- has crossed above the DI+ which means a bearish has been confirmed, yet the sell signal is showed at the last day of trade which was confirmed by several ADX factors. 

Thirdly, the William's %R has showed a sell signal since Jan 28, 2010 and confirmed by Stochastic at Feb 2, 2010. At which the stochastic %K crossed the %D which is a "DEAD-CROSS".

In conclusion, the candle showed a confirmation of bearish which is showed by a gapped down black candle with an increasing volume.

Happy Investing^^

Disclaimer ON!!!

Market Crashed!!!

Wow!!!
Friday was a very bad day. It created losses, yet it might be corrected deeper this time.

Stocks down, Commodities down, Bonds down, which mean CASH is the king!!!

Happy Investing!!!
Disclaimer ON!!!

Buy at Open 5 Feb 2010

Here are some stocks after screened & analyzed that can be purchased tomorrow.

ADRO

ADRO made a morning attack today as it rallied up to 1960 but eventually back down to 1960. But it still seems to be a good one to be invested as a lot of upgrade ratings come out from several brokers that increase the credibility of it.

Well, The MACD is showing uptrend as it is bending upward, the Stochastic & William's%R is showing a great upward movement. While the screening & back testing program show the buy signals.

Rating: Buy, Entry: 1930-1950, TP: 2000-2050, SL: 1850-1830

SMCB
After long time no see to this stock eventually it's climbing up. Even today the JSX Composite was declining, but still the stock price was moving up.

Well, The MACD is showing uptrend as it is bending upward & soon might create a golden cross, the Stochastic & William's%R is showing a great upward movement. While the screening & back testing program show the buy signals.

Rating: Buy, Entry 1680-1700,TP: 1800-2000, SL: 1550-1570,

Happy INvesting^^
Disclaimer ON!!!

Support & Resistance

Let us discuss of how to know the support & resistance of a stock.

See then.....