WARNING: Triple Witching Day!!!

Tomorrow is the Triple Witching Day & this day is a "special day" when there are some underlying (asset) expired.

Based on wikipedia.com, it is the last hour of the stock market trading session (3:00-4:00 P.M., New York Time) on the third Friday of every March, June, September, and December. Those days are the expiration of three kinds of securities:

• Stock market index futures;
• Stock market index options;
• Stock options.

This usually stimulate people to do a short-selling as most people are insuring their underlying using PUT options which expiry will create the exercise of Short position. Based on the statistic, that most Triple Witching Day is a bear day, so we can Sell On Strength for tomorrow, as next week will be a bad week.

Happy Investing^^

Disclaimer ON!!!

CT Stock Watch

Waw....
The list for yesterday, like ASII reached the target & who are discipline to the plan, must have been win the trade at 47200.

Today's additional is only one:
Adaro Energy (ADRO.JK)
It increased with a very big volume, a good sign of accumulation.
Rating: Buy; TP: 1990-2025; SL: 1830-1840


Happy Investing^^
Disclaimer ON!!!

CT Stock Watch

There will be only few stocks to be bought for tomorrow...
1. ASII.JK
Getting strong as the price up & breakout resistance with big volume. But we can get only few profit.
Rating: Spec Buy; TP: 47000-47200, SL: 45000-45050

2. GJTL.JK
A new stock for me, but inside the forum there's a person saying that this stock is prospective. Once I peep the technical, it's nice one with inverted H&S which target will be quite high upside potential.
Rating: Buy; TP: 1030-1110, SL: 780-800

3. LSIP.JK
This one has the same as GJTL, inverted H&S.
Target: Buy; TP: 9800-10000, SL: 7900-8000

Note: The target is counted based on H&S Theory. And still be extra careful as the global market is still unstable.

Happy Investing^^
Disclaimer ON!!!

BACK!!!

After long time I haven't given any analysis, today I will start to give you guys some analysis.

The analysis still with the Jakarta Stock Exchange chart, which is quite complicated after today's closing.

Based on the technical analysis, the JKSE should have been quite oversold, whereas the index is expected to be down. In JKSE chart, it shown that the short term pattern is forming a symmetrical triangle, where for a mid-term it might form 3 possible pattern, such as Rounding Top (increasing price with declining volume), Head & Shoulder & Inverted H&S.

Here's the target for those 3 possible pattern:

1. Rounding Top: TP: 2250-2280

2. Long term H&S : TP: 2007.64-2050

3. Short Term Inverted H&S: TP: 3120-3140

The other indicator showing that the possibility of down movement is from Oscillator which are oversold, the price is increasing but the volume is decreasing. The other is shown by the symmetrical triangle that today's breakout has no volume or lower, yet the candle is forming an inverted hammer which is a top reversal pattern candle.

Happy Investing^^

Disclaimer ON!!!

Technical Problem

Due to technical problem, I can't provide a lot of hints for you all, but as I said weeks ago, that this World Cup season will make our exchange become a little bit calm, which tends to be sideways & going down as it is predicted that most speculators bet on football.

As we know that this World Cup is one of the most expensive & crowded one, which also increase the GDP of RSA (Republic of South Africa). One of the reason of the crowd is RSA is a very nice country to live with courteous people & lovely food. Especially steak/meat as one of their main course.

Oil has risen quite a lot this week & seems to have its position back this time. It seems that the resistance of $76.8 for Crude Oil Aug futures is quite a valid one, hence it might pull back to target around $73 before it continue its rally.

For Indonesian exchange, I have no hints as it still tends to go down, which is a bad news for us that we still can't short-sell of the stocks, which still can be done in US or other countries.

Happy Investing^^

Disclaimer ON!!!