Permagnus.com

Another insight for this week Indonesia’s stock market. Mind you, I haven’t touched the stock market again for like a month so there might be several fundamental data that I missed. This simple analysis will only highlight the possibilities using technical analysis.

Based on that price chart and MA, EMA, I believe that IHSG still has some room for further price gain. Of course, you should also watch that the buy signal from RSI is still quite high. The volume indicates that foreign investment bankers still sees Indonesia as an exotic financial market to be in. So, for you who wanted to splash some cash this week, don’t worry, the market in general still in a positive sentiments. At least for the next week.

How about my favorite stocks? PGAS, PTBA, and LSIP? Don’t forget ANTM. We shall see their price chart below.

This is very obvious I think. Although the MACD still shows a buy signal for PTBA, the volume is decreasing and the 5-day MA is going for a reversal. Expect the stock price to fall back to around 3100 - 3300 in several weeks. If you’re adventurous enough, you could still pick this stock as it’s still shows a buy signal. Just watch the volume as you go.

Now PGAS on the contrary is different. This stock still shows a very strong buy signal both technically and fundamentally. The rumour has it that they will execute a stock-split by the end of this year (which is beneficial for every stock owner — on to that on another post). The volume increase just as the price increase which is a good sign. Strong buy signal from me for this stock.

You guys should worry a bit about this stock. It still has a potential for gain on momentum but watch on the decrease in volume. This means that the price increase isn’t fully supported by the volume increase. The price is very fragile and could fall down real soon.

Antam, the most underappreciated stock ever ;-). After being on a sell signal for quite sometime now, the stock is gaining on momentum once again. I’m not sure what is the price of nickel today but looking on the graph tells me that the price increase isn’t supported by the volume. So you might want to be careful on this one.

So this week recommendation: PGAS! I wish I bought the stock while its still 11K :-(