How Low Can U Go?

Today, January 22th 2010, ^JKSE drop 1.06% from a day before. It caused by the decreasing US market and also regional Asian market. In addition, by data, foreign investor (Hot Money) has been outflow from our market (especially LQ45).

So, what are we going to do?

Please remember that first of all when we are going to make an analysis for our trading plan, we have to take a look for macroeconomy and the impact for our market. We also have to give concern to what happen in US market and regional market. Then take a look for each stock analysis, could it be affected by those issue or not.

Now, based on recent condition, I suggest you to keep an eye of your portfolio in stock. Given the situation of our unsure politics, switch to the less risky assets (adjust your risk based on your risk profile).

But, if there is action there will be reaction right, after the drop today, is it going to be technical rebound tomorrow? We'll see, anyway, follow your trading plan!!!

From the ^JKSE chart below, what does it means? Please share your thoughts. Trade what you see, not what you think!!!

Now, I'll gonna share you some stocks' charts, as follow:

ADRO: done retrace 38,2%, will it going up or down? MFI shows it will rebound.

PGAS: out of its trend channel, but the trend has not broken yet.

TLKM: could it be a morning star? see MFI, rebound?

MEDC: potensial enter wave 3 uptrend after ended its 3 waves downtrend.

ELTY: wait for more discounts. W%R still overbought.

CMIIW.

DISCLAIMER ON.

Regards,
JNS

~We do our best and GOD will do the rest~

Welcome to my blog

Guys, after a long time not writing in my own blog, I think it's time for me to start all over again. For the last few months, I got some courses and workshops to sharpen my technical analysis point of view. Because my background is fundamental analysis, so I hope it can be strengthen each other for stock picking in JSX. And here, I want to share all I've got and hopefully we can share each other and make a correction one another.

I welcome you all to give your opinions or comments here regarding my posts ahead.

Regards,

JNS

~We do our best and God will do the rest~