JCI - red alert!!!

JCI has broke its support (MA79) and going to test fibo 50%. Now, we have to worry because the effect of crisis in European union is getting bigger and bigger. As per now, 11:42 PM WIB, DOW falls 1,04% because of this: "NEW YORK (Reuters) - U.S. stocks fell on Wednesday as Germany's decision to ban naked short-selling of certain financial instruments fueled investor worries about exposure to riskier assets and about the global economy."

I think, we better stay away from the market for a while until the European crisis is getting better, if we cannot say it's over. Or, you can short your own stocks and cover it back at the lower prices...

Regards,

JNS

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

JCI - 180510

JCI can't break its resistance around 2,840, but close slightly lower that level. As per now, Crude Oil price is still consolidating and a bit increasing.

U.S. stocks declined in choppy trading on Tuesday as the euro's weakness raised concerns about the impact on technology companies' sales and worries over Europe's debt problems resumed. Let's see the closing DOW and regional's index tomorrow morning.

Note:

We are trading in a very fluctuated market, driven by sentiment. We don't know what the market direction is. So, please do your trading plan and rules strictly. We are not trading by hope, but trading by rules.

Regards,

JNS

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

BBRI - 180510

BBRI has its resistance at 8,550, if BBRI could break that level, we maintain our target to 9,050 (peak). Trailing stop set to 8,300 - 8,350. If fall below that level, short and re-enter around 8,100.

Regards,

JNS

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

WIKA - 180510

WIKA has upside potential up to 435 (peak) with close Stop Loss area, around 360-365 (through). Speculative buy. Risk < Reward.

Regards,

JNS

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

live update JKSE midday 180510

Look at it, the market still don't know where to go, the market going mix. It trying to break 2832 twice, but fail. Watch out session II.

Regards,

JNS

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

TLKM - 170510

TLKM in super bearish mode. Strong support at 7,500, 3rd times tested, but cannot break. Resistances are lie upon 7,850 - 8,050 - 8,400. If those resistances can be break, further we will see 8,950 or 9,850 as target potential upside of TLKM.

Regards,

JNS

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

ELSA - 170510

ELSA, from the 1st chart, we saw a downtrend which break its golden ratio and will reach its fibo 78.6% at 380. But, in the other hand, from 2nd chart, the pattern shows bullish bat, it means the correction has ended and will start its new uptrend. My suggestion is wait until the bearish reversal candle to enter to this stock. Fast upside will followed by fast downside.

Regards,

JNS

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

ENRG - 170510

Super duper bearish stock. Unfortunately, it has to break downtrend line (at least break 152) to confirm its bullishness. 1st support is 141, next is 138. Target if break 152, are 167 - 172 - 187. Watch it closely!!!

Regards,

JNS

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

ELTY - 170510

ELTY sideways with descending triangle pattern, will it break its upper or lower pattern? Watch it carefully. If break 235-240 with volume, it would be confirmed bullish. But if break 210-215, we may see ELTY below 200, with downside target to 180. Let's have a tight trading plan, if you have this kind of stock.

Regards,

JNS

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

BBRI - 170510

From my point of view, BBRI is in the position near its support at 8,300 with potential upside to 9,050 if 8,550 can be break with volume. The next support is 8,100.

I think BBRI have several good news, besides dividend distribution which 30% from its 2009 net income, BBRI will acquired Bank AGRO, which will strengthen its performances in micro banking.

Regards,

JNS

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

ASII - 170510

From the chart above, ASII has potential upside to close its gap at 45,500. 1st support is 41,600 and next is 39,650. 1st resistance is 43,100 and next is 43,400. Hammer candle means reversal, we will wait for next candle for confirmation. FYI, ASII will distribute dividend of Rp830/share.

Regards,

JNS

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

AKRA - 170510

AKRA still have its own potential upside, from the fibo projection, it will reach 1,190 as its target (161,8%). FYI, AKRA will distribute dividends amounting to Rp25/share. Recording date at May 31, 2010. Technical support is 960, next is 920. First resistance is 1,050.

Regards,

JNS

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

JCI - 170510

From my point of view, the negative market sentiment drove JCI to test its support in fibo 38,2% and formed a hammer since at the middle of session II, european indexes shows a positive upsides. In this case, we can assure that no fundamental issues in our JCI, the only thing is fear of euro zone economy, reflected by weakness of EUR compared to USD, which reached below 1.2300.

We have 2 assumptions right now: still bullish or start to bearish??? Some people choose to do a short term trading, but the others choose to clear all position during pullback. Which one will you do? Options and all risk is in your own hand. Please make and stick to your own trading plan.

Bullish assumption:

JCI will go north up to 3,000 again, because of dividend distribution from some companies, such as ASII, AKRA, BBRI, BMRI, etc...

Bearish assumption:

I will be very worry if JCI break down its EMA (2,749.77), but we have its another support around its golden ratio 61,8% (2,650-2,668.40). If break again, next, we will see 2550-2575 and 2400 as its end terminal.

Regards,JNS~We do our best and GOD will do the rest~