EZ Stock List (Oct 18, 2010)

Back to my day.... As usual I'll give some stock list to be watch also.

The first stock to be watched is MAPI.JK

1. Mitra Adiperkasa (MAPI.JK)

This stock again break another new high, which is very phenomenal that it can keep increasing in price. I believe that the capex of 200 Billion for this year will boost the sales of this company. Yet we must realize that this stock is greatly accumulated. MAPI also posted an increment in sales, before the cost of consignment and beyond income from the rental department stores, Rp 3, 98 trillion in the first 8 months of this year. Revenue in the period January-August 2010 grew 12.47% compared with revenue in the same period last year. Fetty Kwartati, Head of Investor Relations MAP, said the sales increase was along with the growth of retail sector in Indonesia is increasing. 

Rating: Buy; Entry: 2550-2575, S/L: 2075-2050

Tempo Scan Pacific (TSPC.JK)

This stock will give a bigger dividend this year, this might be a good indication for the price to increase again. As the last day is well accumulated with a broken resistance at 1630. So, we can start to be on the ride tomorrow.

Rating: Buy; Entry: 1690-1710, S/L: 1550-1540

CIMB Niaga (BNGA.JK)

The ability of the bank to have a good security of the ATMs becoming a plus point of the bank. Yet the price is very good in position now. After consolidated for sometimes, now it has got the momentum of upward motion.

Rating: Buy; Entry: 1310-1320, S/L: 1230-1220

Happy Investing^^

Disclaimer ON!!!

Triangle Patterns

Traditional technical analysis has some parts like trend line analysis, pattern analysis. I'll talk about the triangle pattern, which are Ascending Triangle, Descending Triangle, Symmetrical Triangle.

1. Ascending Triangle
This pattern can be a continuation pattern or a trend changing pattern or broken trend pattern. An ascending triangle is identified in an uptrend pattern which candle can't break a certain price level for 2 times at least & usually the confirmation at 3/4 from the triangle beginning. If the price breaks the resistance level with big volume accumulation,then it is highly probable that the price has broken the consolidation & continue its uptrend. If the price breaks the support trendline with big volume distribution, it is highly probable that the price has changed in trend, maybe it continues the consolidation or the price reversed.

2. Descending triangle
This pattern is identified at a downtrend, at which at least twice the price can't break the support. This pattern also can be both, continuation & trend breaking or reversal of the trend. The confirmation is also at 3/4 from the triangle beginning. If the confirmation is breaking the support with high volume distribution, then it's highly probable that the price will continue its lower low of the price. If the confirmation is breaking the downtrend line with high volume accumulation, then it is highly probable that the pribe will reverse or will consolidate.

3. Symmetrical Triangle
This pattern is also need confirmation at 3/4 from the triangle beginning. This is quite a confusing pattern, as there's no tendency seen. But if we see the price seems to be going up, then it might go up, see the ebook of candlestick to support the trendline. And vice versa.

We'll next discuss another pattern of price.

Have a nice weekend...

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