A lot of stock list for tomorrow to be watch & buy, but I will only pick some good stock that I think which are most probable to resume the power of going up. Before giving the stock list, we'll see the our index first. Our index again almost broken the new high again & seems to be very possible to resume the upward motion. But remember that we're in a very high position, so remember to be discipline with the stop losses.
JKSE is now in overbought position, and we should be very careful of the profit taking. We must also be very aware of the distribution. We can now holding some defensive stock as our short term trading stocks. Even we are in overbought position, we still can see that some oscillators are showing a buy signal at our JKSE. So I maintain Speculative Buy.
The stock list for tomorrow are from different sectors for each of them, we have choices, just wait & see. We can also look at AKRA.JK for energy company that has got the tender, once it rally tomorrow we can join intraday trading & take the profit. EZ Stock lists are MAPI.JK, BJBR.JK, BWPT.JK, WIKA.JK.
This is what we call as diversification, that we diversify our money into some sectors, so that if there's a sector down, we still have possibility to earn profit. This is the main reason of me giving a lot of sectors of choices. Yet this is one of the way to manage our risk beside doing BUY & HOLD or Buying Options which hasn't been allowed in Indonesia.
1. Bank BJB (BJBR.JK)
This stock has just retrace the upper level at 1480 at Friday & maintain their level at 1510-1520, this is a strong defensive stock as the company keep expanding their business. Also they are opening some branches outside Banten, like Medan. Also almost the same with JKSE that overbought condition is seen, but we still can see the buying power toward this stock as a lot of investors are moving to a new bank, as old IPOs banks are quite expensive nowadays. We can see that this stock has just broken a new high, with a low risk profile. I maintain Trading Buy.
Rating: Trading Buy; Entry: 1490-1510, TP: 1590-1620; SL: 1470-1460
Wijaya Karya (WIKA.JK)
This company has a very good performance in term of construction & property. Beside the strong performance, a good position is maintained by the stock right now. We can see that it has broken all time high at 680 several days ago but failed to maintain as it consolidate at the moment. But we can see that the consolidation will not long anymore as indicators are showing positive signal on it. So, we can prepare to buy once it broken the resistance level at 700.
Rating: Buy; Entry: 710-720, TP: 820-840, SL: 640-630
Mitra Adiperkasa (MAPI.JK)
All time high again achieved by this stock as the HISTORY REPEAT AGAIN!!! We can see that in the history it consolidated & again broken a new high again. After making a new high then it consolidated & make another new high for several time & again consolidate and make new high again, also the volume are almost the same pattern. So, we can conclude that this stock will again move stronger, as the Foreign also accumulate this stock which means this stock has a good prospect. We can see that this company is keep expanding their position from SOGO to Burger King which are expanding. We can also see the chart is very nice. Broken a new high with BUNCH of Volume, which is another confirmation. This stock is again in a very bullish position. I maintain Buy.
Rating: Buy; Entry 1690-1710, TP: 1960-2050, SL: 1470-1460
BW Plantation (BWPT.JK)
This stock is almost forming a new Cup & Handle Pattern which is a very nice in position, level of stop loss is increasing which means that the protection level is better & yet the risk is very low for this stock. Again, this stock is seems to be good as the CPO is in Bullish position with a lot of analysis forecast that again the CPO Price will be back to its proper position. After consolidating for several time, we can see a new formation of candle with a long legged doji will be a very nice bullish reversal position. Yet it is only touching the trendline & bounce back again at closing hour. This is a very strong formation of Cup & Handle which will be a very bullish position. Buy is maintained.
Rating: Buy; TP: 990-1000; SL: 820-810
Remeber 3 WORDS that will lead you to SUCCESS in the Trading Market: DISCIPLINE, FOCUS & PATIENT. Have a great SUNDAY!!!
Happy Investing^^
Disclaimer ON!!!
