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~

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~