Sep
17
2009
JKSCI did profit take towards the end of trading as predicted!
Posted by admin in Market Analysis, Stock PickGood Evening Everyone,
As predicted, JKSCI came off from the high towards the end of trading!
Am I just plain lucky?
Perhaps… But Can I be that lucky all the time??? *Wink*
Based on V3Go Techniques, what can we expect of Indonesian stocks tomorrow???
Trading Plan:
- Expect another round of profit taking tomorrow since ROC is reducing
- Hence, I would advise stock traders to go small on quantities tomorrow
- It would be safe to long Indonesian stocks if JKSCI manage to trade above 2474 (LB)
Stock Pick based on Diff:
- Bakrie Telcom (BTEL): Above 142
- Bank Pan Indonesia (PNBN): Above 860
- BISI International (BISI): Above 2050
- Indocement Tunnggal Prakasa (INTP): Above 10200
Stocks on Watch List:
- Indah Kiat Pulp & Paper (INKP): Above 1800 (Seems like someone is accumulating this stock)
- Telekomunikasi Indonesia (TLKM): Above 8400
Once again, it would be good to reduce quantities of stocks tomorrow since I’m expecting profit taking to kick in tomorrow.
Good Luck!
CK
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