WOW!!!

Today I will give you more analysis, as I have been freed from my examinations. There are alot of picks for tomorrow as our index is closed at a quite dangerous area, but still quite strong, as it is near to its support level at 2885 & it is at the strong support uptrend channel, so we can still accumulate for a short while.

 

The picks for tomorrow are: BBCA,GGRM, ITMG & UNTR. All of them are good stocks for you to keep for this moment & remember to be discipline to stop loss if necessary, as our index is bubbling.

Bank Central Asia, BBCA

 Rating: Buy On Weakness; TP: 6000-6200, 6200-6375, SL: 5550-5650

Gudang Garam, GGRM

Rating: Spec Buy; TP: 29000-30000; SL: 26500-26750

ITMG

Rating: Buy; TP: 40000-41000; SL: 38300-38500

UNTR

Rating: Buy On Weakness; TP: 19500-20000, 20000-22000, SL: 18050-18150

Happy Investing^^
Disclaimer ON!!!

GREAT!!!

Until this time, the whole market is running very well, as we can see the most consumptive country is now increasing their production, as our export will increase as the symbol of recovery of economy, 2 days ago, it's the 1st time since Dec 2008, Dow Industrial Average touched & ended above 11000 pts.

Then in conclusion, market is BULLISH!!!!

Let's see technical analysis for our JKSE (Jakarta Stock Exchange)....

We can see that yesterday, JKSE showed a "Hanging Man" candle which is shown by the tail is >2 times of the body, and it happened at uptrending, which is a disaster if the hanging man was confirmed this afternoon. Fortunately, market said differently, that today it showed another reversal pattern that might reverse the market perception by a doji star.

For stock picks, we can pick ELSA & BMRI.

ELSA closed at the short term support.

Rating: Buy On Weakness, TP: 650-660, SL: 560-570

BMRI has just got the EMA crossover, we can keep watching it first. As market is in bullish mode, & it's in symmetrical triangle pattern. We can buy & accumulate, if break 5400, average up is a smart way.

Rating: Spec Buy, TP: 5350-5450, SL: 5000-5100

Happy Investing^^

Disclaimer ON!!!

JKSE position

JKSE closed stronger & since the Elliot wave analysis showed that this is the fifth, then it might be a lot of possibilities to get stronger, as most of the indicators showed that it does get stronger. Remember, this is only confirmation for a stronger Indonesia macro economy. As foreign cash inflow is getting faster which is shown by foreign net buy on our stock is getting hotter.

Rating: Buy On Weakness, Target of ^JKSE: 2910-2940

Happy Investing^^
Disclaimer ON!!!

Macro Update

'Preopening', Wall Street Rise
 
New York - U.S. Futures Exchange Monday (12 / 4) opened higher after the ease concerns about the debt problem in Greece.

Quoting the AP, investors looking for signs of domestic growth and will get a lot of data for indigenous sorted this week, including corporate earnings data. Over the weekend, European leaders agreed to provide loans to Greece to help ease the country's debt burden. A total of 16 countries that use the euro agreed to provide 30 billion euros (U.S. $ 40.49 billion) in loans to Greece.

International Monetary Fund will also contribute 10 billion euros (U.S. $ 13.5 billions). Especially under the loan interest rate private loans.

Euro rose against the dollar. In preopening session, the Dow Jones Industrial Average futures rose 8 points, or 0.1 percent to a level of 10961.500, index Standard & Poor's futures rose 0.40 points, or less than 0.1 percent to a level of 1193.00, while the index futures The Nasdaq 100 rose 1.00 points, or 0.1 percent to a level of 1993.00.


Source: Inilah.com

Happy Investing...
Disclaimer ON^^

Apr 7, 2010

TRAM will be the next pick....
As today's volume is increasing so drastically....
Remember to stop loss when necessary...
Busy, can't update a lot...

Happy Investing^^
Disclaimer ON!!!