JKSE Update

Market seems to be moving in the direction favoured which is going down to the target level. For those who've got stocks, just hold'em as our stocks are quite defensive ones, but for those who's in full cash, just wait for the opportunity to enter.

For those who still have cash left, maintain the cash level and add the cash level if possible and minimize all your losses.

Happy Investing^^

Disclaimer ON!!!

EZ Stock List (Jan 20, 2011)

HK Stocklist are:
1. CNOOC (0883.HK)
Rating: Buy; Entry: 19.45-19.5, S/L: 18.86-18.8

2. China Oilfield (2883.HK)
Rating: Buy; Entry: 16.91-17, S/L: 15.77-15.73

JKSE Stocklist:
1. Agung Podomoro Land (APLN.JK)
Rating: Buy; Entry: 365-375, S/L: 330-325

2. Pan Brothers (PBRX.JK)
Rating: Buy; Entry: 1440-1450, S/L: 1370-1360

Happy Investing^^
Disclaimer ON!!!

Trendlines

A lot of perceptions in trendline drawing these days, some people say that drawing trendline only valid at the closing price, the other one say at the shadow.

Personally, I draw trendline at the shadows as it gives more confirmations as we must be more detail, but we're not going to talk about it. I'm going to discuss of how to draw a trend line. First of all, we must see the big picture of the chart, whether it is an up trend or down trend, then we must know the time horizon of our trading whether we are a weekly trader, monthly or a very long term trader.

Secondly after a time series has been used, then we can start to see where is the bottom & top, usually support trendline is drawn at the bottom & resistance trendline is drawn on top, which finally create a channel or sometimes can create a pattern. Drawing trendline may not start from the left to the right but from the right to the left, as we're looking at the most recent data. See the example below:

Daily Chart, short-term horizon

Weekly Chart, mid-term horizon

Happy Investing^^
Disclaimer ON!!!

JKSE Update

After closing the week at intraday high, JKSE seems to be consolidating at this moment with a tendency of declining, with a lower selling pressure the index seems to be declining slowly but will not affect some defensive stocks that we can collect at this moment before our index continues its rally for the upcoming months. As investors are now allocating their money at safer instruments, stocks market were rushed weeks ago which caused the stock market to be going down.

As a lot of big investors has exited the market & still waiting for the Indonesian Bank to announce the rate in February, January seems to be a consolidation time for our market but not for some stocks especially some stocks which are believed to have good performance in 2010. I believe that after the announcement of the BI rate, our market will get back to the track soon as the capital inflow will continue to come to Indonesia as one of the emerging market which has good growth in economics.

Technically, I see that our index has just finished its pattern of triple top or double top and I believe that the tendency of market sell-off is still exist but not as big as previous weeks, that's why I said it seems to be consolidating until the interest rate has been announced. There're a lot of predictions published by analyst that our interest rate will have a hike at 25-125bps, which will make oiur interest rate become around 6.75-7.75%.

Here's the chart we can see:

Rating: Hold; Target: 3275.48 - 3283.85

The stock list will be published tonight or tomorrow morning, a lot of stocks to be watched & expected to rally later on.

Happy Investing^^

Disclaimer ON!!!

JKSE Today

Today, our index opened nearly flat, but the index finally skids again & went as predicted. I remain to be cash full this time & wait till the market to finish the consolidation. Yet, our pick for this year will be more specific not only the small valued or cheaper value, but also the less sensitive stock toward the BI Rate & Inflation, which are the main threat for our trading this year. Hence, the banking sector will be lack of favorable for me this year.

Be very careful & aware of the stock picking & the constraint that can affect the price. Happy trading & have a nice weekend. The target of index remain the same but a bit increased to around 3300. The detail will be posted later

Best Regards,
Christopher Tahir
Blog: http://ez-stock.blogspot.com
MSN: chris_tahir@hotmail.com
YM: chris_tahir@ymail.com

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