After last week rally, market was again sink because of disappointment of Draghi’ action over Europe crisis. “On Sale” sign again is placed on stocks and waiting for analysis to be found.
ASRI, limited rebound
As we see on above chart, ASRI has been on Bearish mode since April 2012, but it is manage to go up and down within maroon channel. Currently ASRI is on bottom of channel and tends to have limited rebound. Gold cross on MACD and Stoch also inform the same. Buy on 450 – 460, profit taking on 480 – 500 and stop loss on 440.
Apologize forget to attach the chart, because I update this post through my mobile. I will update with require chart once able to operate my laptop.
Kalbe Farma has been consolidated last week, price down but volume increase day to day indicate a divergence.
MACD and Stochastic are form beginning of bullish pattern.
It has been a while since my last post about stock pick. This week I will put my money on Mitra Adi Perkasa (MAPI). The company who operates most of Indonesia department stores and specialty retaile.r bounce up from its strong support with significant amount of volume on last Friday trading and it was closed up 6.7%.
Position of Oscillator had leaving oversold territory, indicate a bullish signal may begin. Unfortunately MACD not yet show a golden cross, but I believe it would within this week.
Recommended support is 5200 and take profit on 5900, 6150 and the sky *LoL*
Do it with your own risk.
After few months in bearish mode Today closing (4 Jan 2012) shows ADMG bounce up and breaking its strong resistance. High volume and stochastic leave lv 20 also confirm buy signal for this share.
S: 550, R1: 700, R2:840
Do it with your own risk