Good Evening,
Many traders been asking me whether is it time to book profit on GOLD and short it…
I kept asking them to wait…
But now at 1303, the time is ripe. Its time to book profit on the long side and go for the short side.
I am looking at it to correct down to US$1270s IF it goes below US$1300 tonight.
Disclaimer applied
Kelvin Han
V3Go System Originator
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Good Morning,
If the STI cannot hold above 3097 today, most likely we may see some profit taking towards 3067 area, which is around 30pts from here. There could be a potential support at around 3082-84 area but I doubt it will be enough to RE-START the BULL if the correction is not deep enough to lure the investors back into the market.
So kindly take note of the above numbers.
Disclaimer applied.
Kelvin Han
V3Go System Originator
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Good Afternoon,
Based on common technical analysis knowledge;
The Dollaryen broke below the 50% mark of the rally happened on the 15th of Sep thus most likely will be looking to give back the gain that happened after the Japan Government came into the intervene.
This would likely make traders return to short the dollar against the YEN or buy more into the YEN as market is still taking the currency as the safer heaven as compared to the Greenback.
The target I am looking at is 83.02
Disclaimer applied
Kelvin Han
V3Go System Originator
No Comments »
Good Morning to Everyone,
Rp continue to strengthen against the Greenback (US Dollar). Currently trading at 8930 level. I am looking at it to break below 8900 by October, with a potential ceiling of 9010. Recently, in a National Paper, I shared wih the Journalists that I am looking at the Rp to break the low created on the 23rd of May 2007. Then the level was 8640 before the Sub-Prime Crisis. I am looking at 8,500 to be tested in 2011 and that should propell the Indonesia Stock market to potentially 3900-4000 level.
Thus I strongly believe that the Indonesia Stock Investors will continue to prosper shall they choose the RIGHT Stock to Invest.
I am looking at the following stocks for longer term investment;
1. Bank Central Asia
2. Bank Tabungan Negara
3. Bank Demon
4. Bakrie Telecom
5. Gudang Garam
6. Indon Tambangraya
7. Jasa Marga
8. Semen Gresik
Currently, most of the above stocks are trading at record high therefore I suggest one to wait for some profit taking first before entering them. I will be providing the rough entry levels on this blog therefore do keep a watch out of it.
Disclaimer applied.
Kelvin Han
V3Go System Originator
No Comments »
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