DOW & Futures

Yesterday Dow & Futures are closed in confident way after in dip for hours & finally back & seems to be reversing upward as it is forming a piercing candle as a reverlsa pattern yet the strong support of Dow at 9960-9970 hasn't been broken yet.

Yet another futures like Crude is positive. So, be positive for today.

By the time of writing, most futures are going flat.

Happy Investing^^
Disclaimer ON!!!

CT Stocklist

From the screening, tomorrow the most possible going up stock is at the Infrastructure & Basic Industries sector. Yet, one of the most promising index is the JII ( Jakarta Islamic Index) so we can see some stock of it.

Based on the technical point, the index is forming an ascending triangle which is a good sign with the increment of the index together with the volume. Yet indicators & oscillators are positive.

Target: 491-500

The stock lists that is filtered for today are:

The decline of ANTM seems to be more limited & upward movement seems to be seen here.

Rating: BoW, Entry: 2000-2025, TP: 2175-2200, SL: 1970-1980

After closing its gap last week, INKP pulled back & seems that it's forming a descending triangle pattern yet the indicators are all positive toward it.

Rating: BoW, Entry: 2000-2025, TP: 2150-2175, SL: 1940-1950

 

After forming a rounding bottom, TLKM seems to be getting stronger & yet the chance to continue upward movement to 9100-9200 is more widely open.

Rating: BoW; Entry: 8700-8750, TP: 9100-9200; SL: 8550-8600

Happy Investing^^

Disclaimer ON!!!

Crude Oil

Crude Oil seems to be having a rebound a little bit as it is a the uptrend trading range support with positive sign of oscillators & indicators.

Although the statistical indicators is showing negative on it, but still the news is not that good.

Happy Investing^^
Disclaimer ON!!!

CT Stock List

After recommending ASII last day, we saw that the last minutes of trading, ASII finally closed its lower gaps at 47650-47800 & it closed at 48300 which means it went up 500-650 points at the closing minutes.

This shows a very positive move of ASII itself. Although MFI is showing a bit negative, but still the other indicator is showing positive & yet ASII is above 48000 level which is a strong support of it. Rating & target is still the same.

Additional pick is Bank Danamon (BDMN.JK, BDMN:IJ)
After it was defending at 5250 level, which is a strong support of it It formed a nice candle of White Marubozu engulfing the last two candle. Yet, indicators are positive & it is look like that it is waving upward again.

Rating: Buy; Entry: 5250-5300; TP: 5500-5650, SL: 5075-5100

Happy Investing^^
Disclaimer ON!!!

Why Agricultural not Others??

Based on the technical view of Agricultural sector, this sector is just reversing from its bottom days ago. And this seems to be a strong reversal of it as two days ago it formed a long legged doji which is a form of strong bottom reversal & a hammer-like candle at the last trading.

You can see this is one of the cause I choose Agri (AALI, SGRO, TBLA, etc)
Happy Investing^^
Disclaimer ON!!!