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!!!

April 6, 2010

As we see that today's Jakarta Stock Exchange Index (^JKSE, IDX) rised so fast around 2% and it's quite amazing and maybe it's one of the highest gain in the world. Well, we can see that JKSE has just broken its resistance of all time high at 2838.48, yet it has just broken the uptrend channel resistance too at 2871. Macroeconomic of Indonesia showed that there are increment in economic stability that is expressed by the strong Rupiah (IDR) towards most currency in the world.

Technically, JKSE is still strong as most indicators showing buy signal as a symbol of strong trend. We can see that ADX itself is showing a great number / index that showed 46.3345 as a symbol of strong trend which is strong bullish.

Second part for today;s update is stock picks....

As my readers are waiting for some peeps for tomorrow...

Well, we see that today, Holcim Indonesia / Semen Cibinong (SMCB.JK) gapped up and forming white marubozu, yet it also crossed MA5, and EMA crossover is bending upward that showed it is strengthening, as well as the MACD is going to golden cross. In addition, it's forming a symetrical triangle that if the price strike upward above the line of triangle, then it's a good time to accumulate, but if it moved downward, we can collect at a lower price.

Rating: Buy On Weakness, Entry: 2050-2075, TP: 2200-2250

The other pick is Indofood Sukses Makmur (INDF.JK) which is quite strong in position and showing a reversal candle that showed the reversal trend of the previous trend which was turning down. As today the EMA Crossover is almost crossing upward & still moving upward, we can start to accumulate from now on to be the first to get a better profit.

Rating: Buy On Weakness, Entry: 3825-3875, TP: 4000-4200, SL: 3700-3725

Also we can watch on Telekomunikasi Indonesia (TLKM).

Some "Fried chips", we can see BHIT, PRAS. Remember, those "fried chips" are really VOLATILE & HIGH RISK!!! Cut loss if the end of the day you loss, remember to take profit once you earned!!!

Some ready to take profit ones, we can see below....

After having some gaining days, it seems that Adaro Energy (ADRO) is almost reached its peak. We can start to sell partially or even sell all to gain our profit. As we can see the volume is dropped & the bollinger bands has been crossed, as the pattern showed that the 4th candle crossing the upper band will show the reversal pattern.

Rating: Sell On Strength; TP: 2100-2200

The other one is Barito Pacific (BRPT), this stock is showing sell signals in most technical indicator, yet the candle today is Black Marubozu which showed a great bear is coming. We can avoid this stock for a moment or even try to allocate our money to other stock in a moment.

Happy Investing^^

Disclaimer ON!!!

Adaro Energy, Tbk (ADRO) in analysis

Analysis of ADRO the latest news....

• ADRO has just won the tender to acquire 25% stake in Maruwai Coal project, which means it will earn much more profit next year in order to capture the larger coal market (domestic & foreign), which has a huge land of 355.000 hectare to be mined.
• Now it is going to replace Bumi Resources of being the best coal miner in Indonesia, which means it will become the greatest coal company with a lot of supports
• The great thing of all is it earned an increment of net income by 392% which is from Rp887.2 billion becoming Rp4.37 trillion
• The great management of the firm by having mentality of working effectively & efficiently becoming the key point of the firm to keep growing which was from a loser become a great gainer
• Confidence from investor increases to the firm as it is increasing its capacity of production with increment of target sales, which results in increment of net profit, whereas they have a great management which can keep them producing as efficient as possible.
• Increment in interest by investors who has moved their 'eyes' from BUMI to ADRO, which was expressed by today's transactions in which the number of queue of orders are a lot (increase of credit toward ADRO)

Technical view:

• We can see a lot of lines there the red BOLD line is uptrend support since the bottom of ADRO at 2008, yet it's still uptrend since that day.
• The gaining days pattern is seems to be similar with the previous one, around 7 days, currently it's 4th days of gaining days, so we still have maybe 3-5 days to gain.
• The EMA Crossover EMA5 & EMA15 has crossed since Mar 29, 2010 the 1st gaining day, as I signaled days before.
• The MA5 has signaled BUY since Mar 24, 2010 so does ADX, RSI, William's%R, ROC & Stochastic (Mar 25) as I signaled at the mid-session break, check: Watchlist after break....
• The ADX is moving upward which means the rend is strengthening, as the DI+ is getting more gaps toward DI-
• Pattern, usually ADRO will shock for quite long & the Stochastic will move long around overbought area for quite a mean time.

Rating: Trading Buy, TP: 2075-2125, SL: 1940-1960

Mid-term TP (2-3 months) : 2400-2500

Happy Investing^^

Disclaimer ON!!!