ihsg and stock recommendation 26052009

IHSG REVIEW

Yesterday IHSG:

• Open 1881
• High 1898
• Low 1879
• Close 1891

volume is still small , just about 3 trilion rupiah it means the investors and the traders is taking "wait and see mode". Still the candle is telling us that between the bears and the bull there's no winner..

although the trend is still up , we should fasten our seatbelt because the uptrend is in suspect..

Firstly the deggree of slope is too sloopy.. and secondly the formation of the candle is not too good

support still remain at1850-1860, 1800, be careful if break 1800, resistance is at 1900, 1946

Stock recommendation

• TLKM >> same at recommendation on Monday, buy on weakness 6850-7250, TP 7900-8100
• ADRO >> be careful, the candle is not too good, support at 1200, 1240-1260, TP 1400, 1500

• JSMR >> sell on strength (SoS), 1480-1500 would be nice trade, MACD, stockastic is not good
• BUMI >> BoW below 2000 or Buy if break 2150 or 2300 for valid confirmation, TP is still high at 2800-3175
• UNSP >> Buy at very weakness. support is at 700-750, then 600-610
• BNBR >> BoW , support is at 85-88 CL if break ressistance is at 97-101
• MIRA >> Buy on weakness (BoW) 620, 570-590, TP 710, 790
• MNCN >> Buy on weakness 150-152 would be nice or 140-145, TP is still high at 190-210

Special mention

Property sector

• KIJA >> price is closing near it's high , means the buyer have the upper hand againts the sellers.. i think KIJA will continue it's uptrend.. Buy at 97-101 would be nice , TP 110-115
• BKSL >> i think it will continue this day =D

ok.. that's it

happy trading all XP