Indeks Harga Saham Gabungan (IHSG): Important support at 3,890 (MA200)
BUY AKRA near 3,500!
AKR Corporindo Tbk (AKRA): BUY AKRA on next trading day anywhere near 3,500! Cut Loss at 3,300 (MA200)
ITMG looking for a quick rebound to above 36,650
Indo Tambangraya Megah Tbk (ITMG): Many of you have already owned a position in ITMG. Looking at the chart above, There is usually a quick rebound when the stock reach 34,500 level. The stock is clearly oversold (RSI).
Watch next week for confirmation. ITMG should not break down 34,500 strong support level.
KKGI Next Strong Support at 4,500
Resource Alam Indonesia (KKGI): One of my favorite play is heading down to 4,500 level. RSI is oversold but we can still look at near 4,500 before the stock rebound.
Some of you may already Cut Loss for your position because the 5,900 Strong Support has been broken. Some of you still hold to the stock.
We will keep watch for the 4,500 level before doing more trade. For those who already owned the stock just HOLD and watch for the Strong Support level at 4,500.
ITMG BUY with a lot of upside!
Indo Tambangraya Megah Tbk (ITMG): If you notice our last post, you will notice “How to Play? Buy at 37,000 with a lot of upside!”.
This will be how we play ITMG. Buy ITMG near 36,650 (some of you might have already buy at 37,000).
ASRI Support @ 495 – 520
Alam Sutera Realty (ASRI): With no position on ASRI, our entry point will be between 495 – 520 (current best entry near 495). Depending on when ASRI reach our entry price we will later determine our best entry point.
There are many support near 495 area including MA200, diagonal dotted line, our support box.
SPEC BUY TBLA 580 TARGET 640
Tunas Baru Lampung Tbk (TBLA): Looking at our previous post, We are now already with a Buy Position at 580. Our target will be 640. Hard Cut Loss at 560.
AKRA break down Uptrend Support
AKR Corporindo Tbk (AKRA): Following our last post, you should already have no position in AKRA. At the moment we are looking at 3,500 as the best entry point (this will be our first support level).
Buy a small position (1/4-1/3 of your budget for AKRA) near 3,500.
Sell BC IRON (ASX:BCI)
BC IRON Ltd (ASX:BCI): Share of BCI hit our first target. Hopefully some of you take some profit when it hit 3AUD. If not We are suggesting to take a small loss on our position in BCI. We will look at other better opportunity.
When it cross the uptrend channel (red diagonal line), it is our stop loss.
