INDONESIA STOCK EXCHANGE (IHSG) inside a BOX with resistance 3765 point and support 3526 point. IHSG in sideways condition, still looking for direction. If break 3765 it BULL, else break down 3526 it bear.
1. Moving average 30 days, 40 days , and 60 days line get closer.
-Watch out for DEAD CROSS (Moving average 30 days line cross down moving average 40 days line)= BEAR .
-OR GOLD CROSS (Moving average 30 days line cross UP moving average 40 days line) = BULL
2. MACD progressively steady.
3. Momentum still Indicate BULL position. Green line still above Blue line. Check Picture.
4.WATCH OUT Relative strength Index is touching 50% and still going UP.
My Opinion, looks like IHSG will touch near 3700 again. You can buy now if you want and sell it next month. Choose agriculture and mining stock. Like:
1. AALI buy 25000, sell 26900.
2.INDF buy 4750, sell 5650.
3.KRAS buy 1170, sell 1350.
4.ADRO buy 2525, sell 2650
5.CPIN buy 1872, sell 2030.
6.TINS buy 2750, sell 3000.
Wednesday, December 29, 2010
Posted By Robby At 12/29/2010 07:19:00 AM