JKSE

Technically, JKSE has surpassed the Elliot wave target with volume, but since the global market hasn't fully stable, we're pessimistic that today it will rally.

Based on the pattern of seasonal pattern of World Cup, there's always a big rebound & big sell offs....

The nearest support is at 2500-2515...

The next target is quite near 2695-2710.

Rating: Sell On Strength; TP: 2695-2710; 2790-2810

Happy Investing^^
Disclaimer ON!!!

SOS

Sell On Strength will be on today's agenda, as yesterday it rallied with the highest gain, but not supported by regional & US markets, so it's quite wise for us to realize all profit.

Dow failed to retain the level of 10,000, while Crude Oil able to retain the level of $70.8, but since it has rallied to $71.8 & closed at $70.8, this shows the market hasn't really agree with the recovery, or this might just be a trap / bull-trap.

Happy Investing^^ Disclaimer ON!!!

Changing Direction

If today's JKSE can't hold its power of bull, then the next target will be the 3rd target set days ago. So, it's quite wise for us not to enter the market first unless a confirmation available.

Here's the link: http://ez-stock.blogspot.com/2010/05/jkse-target-analysis.html
Refer to the 2nd & 3rd TP for today's JKSE.

As now, the Futures are showing a quite bad signal. At 8.32AM the Dow Futures shows -89pts, Nasdaq Futures shows -16.75pts, S&P Futures shows -11.25pts. Crude Oil Futures shows -$0.37, Gold Futures shows -$4.7.

This data makes us quiet pessimistic toward the JKSE, which is not the trend maker, but the trend follower.

Unless, if it really goes as the plan, we can Sell On Strength.

Happy Investing^^
Disclaimer ON!!!

CT Stock Watch

As JKSE was safe at the 2nd target level of retracement at 2575-2590 last Friday, then it's quite possible that our index will rebound for quite a while. As the US indexes have rebound on last Friday. This is one of the positive sentiment toward our index for Monday morning. In addition, Crude Oil is quite strong at the level of $70.

Technically, based on the countings, that our index will bounce to the a higher level for few days, before it continues its sell offs. But still it will continue the sell offs if there's no positive sentiment toward the economy. Well, let's see the target.

Rating: Buy On Weakness; TP: 2735-2750

Still we're in a bear market, as we can see that ADX is getting stronger at 36 pts.

CT Stock Watch

1. Astra Int'l (ASII.JK, ASII:IJ)

The best stock that correlate quite well with the index, and can be said as the 'lifter' of our index.

Rating: Buy On Weakness; TP: 40200-40700, SL: 36500-36800

2. Adaro Energy (ADRO.JK, ADRO:IJ)

The other market mover, we can see a gap on the price at the level of 1870-1900. Potentially to close the gap, as the global market is having a technical rebound.

Rating: Buy On Weakness; TP: 1900-1920, SL: 1800-1810

3. Int'l Nickel (INCO.JK, INCO:IJ)

After bounce back from the level below 4000, and still at the level of below 4000, it potentially rally to the level at 3925-4000.

Rating: Buy On Weakness; TP: 3925-4000, SL: 3600-3625

4. Aneka Tambang (ANTM.JK, ANTM:IJ)

So does ANTM, potentially closing the gap as ADRO does, which has a gap at 1870-1900.
Rating: Buy On Weakness; TP: 1900-1920, SL: 1800-1810

REMEMBER!!!
They are all in bearish market, so take your profit before they go down and touched the stop loss!!!

And be discipline if they really touched the stop, as we're in a totally bear market.

Happy Investing^^
Disclaimer ON!!!

JKSE Target & Analysis

New Minister of Finance has been elected, who is very surprisingly finally becoming our MoF, who is not even ever becoming a Minister, Agus Marto. He was an ex-chief director of Bank Mandiri (BMRI.JK, BMRI:IJ).

Global market is still unstable with a very high volatility, that after Greece's problem has been solved, come another problem, like the prohibition of short selling in Deutsche Exchange, Oil is dropping, Gold, Silver , Platinum & Palladium are too...

Technically, we can see that even the indicators are oversold, there's almost no strength of bull can be shown in the trading time since the bear is taking control. Seems the power of bear is getting stronger & stronger. We can see that the pattern of Elliot wave for this chart is quite valid. So, my analysis today is for the next lower target. If the price is going down without any prolonging of the down pressure, the price target will be quite near which is at 2575-2590, but if the bear is prolonging the power, then the next target will be around 2395-2410.

As we can see that we're still in a wave 3 (down), so the potential to get upward is still open that we must wait for wave 4 (up) confirmation.

Rating : Hold; TP: 2685-2700 ; 2575-2590 ; 2395-2410

Happy Investing^^

Disclaimer ON!!!