JKSE Outlook After Holiday

As we know that our index recently becoming a leader as we are one of the most BULLISH index in the world. Even regional are bad, US are bad, but we are keep climbing at the time being. But, one thing that people never realize that our index is too high right now as we are keep breaking new high, but never being corrected. This might be the time of correction and we should be prepared for everything.

We can see that based on technical analysis, our index is breaking new high again but only a few people realized that JKSE is speaking right now & we are at the top right now which is very risky of facing a correction. What goes up will go down eventually & what goes down aren't always going up again. As long as our index is corrected at the right level, then we are still safe.

See the chart that history might repeat again and based on the chart that the history always repeats. And the state of JKSE is the same as what Mr. Keane Lee said, "HISTORY REPEAT AGAIN!". Our index has reached the Upper Linear Regression Line & last time it corrected at the same level as now. Yet, indicators are showing overbought, the risk line is showing very high and very risky for a long term trader to enter the market.

Here are some scenario that might happen for our index:

1. It goes up a bit first before it goes down

2. It goes down directly from the top

Target :

1. Small Correction : 3050-3075

2. Big Correction : 2745 - 2760

Happy Investing^^

Disclaimer ON!!!

CT Stocklist (Sep 7, 2010)

Today our index again broke a new high record for all time high. And this distinguish us from the world's index. Well, how high is our index will have no matter to the stock as our stock .

Stock list for tomorrow will be quite nice one, a good up trending ones & yet still new in stock market.

1. Bank BJB (BJBR.JK)
The stock is uptrending since the IPO yet, this stock is quite defensive & accumulated by most foreign company. This stock technically is in a great position, low risk line, broken the resistance & yet still in uptrend channel.

Rating: Buy; Entry : 1360-1400, TP: 1500-1540, SL: 1240-1250

2. Kalbe Farma (KLBF.JK)
Today it's traded gapped up, then the risk line is lower yet the stock is uptrending since long time ago. Yet it has just broken the resistance & might continue to the next resistance at 2550 & if broken, it is highly possible to be around 3000

Rating: Buy, Entry: 2425-2500, TP: 2525-2550, SL: 2250-2275

3. Fajar Surya Wisesa (FASW.JK)
This was a sleeping stock but finally awaken. And this stock become a uptrend stock, yet this stock is good for trading.

Rating: Buy; Entry: 2525-2550, TP: 2925-3000, SL: 2250-2275

Happy Investing^^

Disclaimer ON!!!

CT Stocklist (Sep 3, 2010)

Tomorrow might be an optimistic day after a great rebound from a dip today. Yet some stocks showed a good sign and give an upward confirmation.

Some stocklist that can give us consideration is ASII, HMSP (dividend), JPFA, MYOR.

Let's see some chart!!! And talk technically...

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

Today it has broken the peak & become the defender of our stock exchange index. It rallied for two days & yet this stock is still strong. Increment of >20% of sales increase the chance of the stock to increase & yet increase the fundamental for investor's confidence. Technically, ASII got a good increment in volume & yet the trend is still good for the last 1 year. Yet the chance of beating the new high is more open as the indicators are showing upward motion.

Rating: Buy; Entry: 50050-50100, TP: 52800-53000, SL: 47550-47600

Hanjaya Mandala Sampoerna (HMSP.JK, HMSP:IJ)

HMSP has a staircase chart which is seasonal rally. And this is the time that might be a right time for us to speculate on it. It is a good uptrending stock within a year, which is the most essential requirement before buying a stock.

The P/E is still quite low and yet the sales are increasing but together with the increasing of operating expenses. Yet this stock is quite good & well defending. Since January the stock has rose to 100%.

 Rating: Buy; Entry: 20250-20300, TP: 21000-22000, SL: 19450-19500

Japfa (JPFA.JK, JPFA:IJ)

One of the best consumer industry at this time. High promotion on their new product (Soziss) increase their sales by around 10%. Low P/E is the other fundamental support for us to buy & keep collecting this stock. Technically, the price has just broken a new high with a great volume.

Rating: Buy; Entry: 2800-2825, TP: 3025-3400, SL: 2500-2525

Mayora Indah (MYOR.JK, MYOR:IJ)

The other good consumer goods manufacturer, which also perform quite well. This stock is still good & just broken a new high, but again high P/E might be a limiter for it to continue the price. If tomorrow it breaks 10600 with a great volume of demand, then we can start to collect it again.

Rating: Buy On Break, Entry 10550-10600, TP: 11500-12000, SL: 9400-9450

Happy Investing^^

Disclaimer ON!!!

TRIM NOTES: Private Placement in Coal Stocks

TRIM NOTES: Private Placement in Coal Stocks

We already made a contact with the Investor Relations of ITMG regards to the private placement news done by Banpu, its holding company and coming out with a "don't know" answer. "That corporate action was fully belongs to Banpu, hence ITMG management did not have any ideas about the details of the transaction", he continued. In the time of writing there is a crossing transaction of 197,064 lots through Mandiri Sekuritas, 2,960 lots through Bahana Securities, and 990 lots through Danareksa with Rp36,150/shr price. With this divestment, Banpu remains a 65% shareholding in ITMG. According to the letter issued by the company to IDX, the main objective of the divestment was to strengthen Banpu's balance sheet position and will not affect its long term commitment with ITMG. 

Similar with ITMG, ADRO's stock also plunged in the opening session due to private placement issue at Rp1,500-Rp1,700/shr. We already make a confirmation with the investor relations and they clearly denied the rumor and stated that there was no plan to do any private placement of ADRO's stock.

Best Regards, 

Christopher Tahir
Blog: http://ez-stock.blogspot.com
MSN: chris_tahir@hotmail.com
YM: chris_tahir@ymail.com

Mail to my Y!Group:
ez-stock-subscribe@yahoogroups.com

MAPI

This evening I tried to get in to MAPI after a buy signal is available, but I didn't get it....
Fundamentally, the price is still cheap with 5.5x PER & yet the other good news is we are near to Idul Fitri & time for MAPI to collect money....

Happy Investing^^
Disclaimer ON!!!