Good evening everyone,
All thanks to my new found friends in Jakarta, I had the good fortune of trying out ikan bakar, roti bakar and ayam goreng over this weekend!
Enak Sekali!
My friend is asking me the usual questions about a few Indonesian stocks….
“Indofood can hold? Wilmar can buy? What stocks to look at?…”
I can understand his concerns – The last thing you would want is to buy stocks only to see your “investment” turn to losses.
Of cos, I can guarantee 100% winning but using Diff, the risk of losses are kept to the minimun. We are looking at consistent profit versus “roller coaster ride” (I’m sure a lot of traders would understand what I meant *wink*)
Back to the market,

Frankly, I wasn’t comfortable with the chart formation on JKSCI. HK was rallying like nobody business, leading SIMSCI to rally from its bottom to close near the high. However, JKSCI was trading on a tight range and only managed to close slightly above OP.
Hmmm…. The region is performing well but JKSCI doesn’t seem to be reacting accordingly. Of cos, One can argue that the sell off in JKSCI in early trading shows support on the market.
Well, as US market end positive last night, One can expect JKSCI to rally in early trading. There is a good chance of profit taking on both SIMSCI and HK due to its rally on Friday.
Normal… Biasa…
But if JKSCI rally above OP but came off (as a result of potential profit taking in Asian markets) to trade below OP, I’m expect another round of selling. JKSCI must be able to trade above 2326 (Diff R/L) before it close for lunch to be safe on the upside.
Conclusion:
- I’m expecting indonesian stocks to rally in early trading but sell off later.
- I’m looking at those stocks that managed to stay above OP despite selling on JKSCI later in the afternoon.
Of cos I may be wrong but I rather play safe with my capital.
Good Luck!
CK