Stock still running up and your heart tickling very fast right. Many people said “OH NOOOO I am not buy anything, whether I should buy now when the price already up!!”. Do not worry market will go down again for profit taking or I say “PULLBACK”. Pullback happens when the market go up and back again near original state before going up, maybe about 5 till 10% of original state or BREAK UP point, after that it will back up again!!!
BUT the thing that you must understand that THAT CAN BE HAPPENS WHEN GOLBAL MARKET IN BULLISH CONDITION!!
Example stocks that you can buy :
SGRO (Sampoerna Agro) 1240-1280
AALI (Astra Agro Lestari) 13300-14000
ANTM (Aneka Tambang) 1130-1160
INCO (International Nickel) 2170-2370
TINS (Timah Tbk) 1080-1120
The stocks that I choose has very-very HIGH volume and The Best One or Two from its sector!!! I choose SGRO for example, looks picture below?
Technical analysis :
1. ALL MOVING AVERAGE crossed up!!
2. Two BIG CUP has formed and BREAK UP with HIGH volume!!
3. Look The Candlesticks move through Upper line of Bollinger Band!! Two Hits that indicates BULLISH trend!!
4. Relative Strength Index and Commodity Channel Index are in BULLISH position!!
5. PULLBACK TIME yeahhhhhhhh!!! Buy it at price 5%-10% from MA30 price!!
Buy it but set Cut Loss Point at MA30, but you must understand the condition that Indonesia Stock Exchange influence by Other world market like Dow Jones Industrial, Hangseng, and Nikkei!! Watch if Dow Jones Industrial Chart down near Moving Average 30, just buy with 25% of your total money!! HAPPY AND SAVE TRADING!!!!
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