Wednesday, September 02, 2009
[INCO] 1 Sept 2009
Hope can reach one or two more point
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
Update 2 Sept 2009
Williams %R failed to move out from oversold area
MACD pointing down to oversold area
Stoch still cross in oversold area
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
IHSG position is in critical points, but still on channels
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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