Wednesday, September 02, 2009

[INCO] 1 Sept 2009



Hope can reach one or two more point Photobucket
Already collect @4200, TP 4350. Since DOW is not too friendly this night, might realize half of the porto @4300, Good Luck !

Some data to be highlighted

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Update 2 Sept 2009





Photobucket Williams %R failed to move out from oversold area
Photobucket MACD pointing down to oversold area
Photobucket Stoch still cross in oversold area
Photobucket Double bottom @4150

Note : Double bottom based on the textbook is consider valid if separated not like in this case, in this case I just use this term because I see there's a big support line @4100 that need to be considered.

Most of the transactions traded @4200
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IHSG position is in critical points, but still on channels

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DOW is fluctuating. As per this time -2.42

Lets hope @4150 barrier is not broken, hope for the best !

Update 3 Sept 2009

Everything seem still on track, today's candlestick is full marubozu even with short candle and volume below average. Stoch and Will%R start to pointing up again, MACD still in oversold area. IHSG indicating golden cross soon according MACD(TEMA-Smoothed)

DOW seem friendly (+22), lets hope there's a gap up tomorrow, to finish up this project, btw 1st target 4300 already done, so next is 4350 as final sell

Update 9 Sept 2009



Sorry for not updating, got some problem with my internet connection here (SingNet sux)...what I remember just there's some news about INCO regarding their factories. But as you can see in chart, the candlestick is still on track and break 4375 at 8 Sep. At this time I have no trading stock for INCO. As per today candlestick seem INCO able to go up more than 4400.

So project INCO - Catching a dropped knife is success in 9 days ;)

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