Tuesday, December 22, 2009

The unpredictable of technical (stock pick 22.12.2009)

As the movie 2012 showing bad days in 21.12.2012, yesterday three years before the day confirm is a bad day or black monday. This statement surely just a joke Ok then today i saw BUMI break its support at Rp2,150 support, this would indicate downtrend in BUMI. So, today will drop according to technical, however i noticed many times when a stock break out its support it will rebound strongly in a day after that yes really downtrend in longer term. Then today BUMI will rebound strongly, this is the funny things in stock that all things are unpredictable.

Ok next recommendation for today will be Madcow, i means medc as oil goes up very fast to $74. And i saw many foreign try to accumulate medc without reason. After up then we know the reasons and the rumours will come out.

This article on stock pick generally for people who love trading rather than long term. So, it will be analysis of short term rather than long. As yesterday IHSG drop tremendeously many stocks has shown a poor technical. Today may be rebound but in week or month is not really strong.

Then the last, fundamentally BBCA has grown strong technically, BBCA with net profit of Rp 5 trillions approximately the same with BBRI. In term of balance sheet it look like the same. No of shares i saw it was close with BBRI. So, what is this means BBCA will be valued by Rp7400 similar to BBRI or BBRI valued as 4600 similar to BBCA?. So, what i think BBCA should be Rp. 7400 in medium term. Then, Happy investing in BBCA lo will be the next largest bank in Indonesia. All the best Will I Am Chen.. GBU

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