Start of Indonesia Stock Rally
Today is the first trading day for the Indonesia’s market and it means that less sleep for me (I have to monitor both market, US and Indonesia). The macroeconomic sentiment is really good meaning that the rally to 1500 is inevitable. I’m currently holding stocks that is fundamentally healthy (being the fundamentalist as I am…) such as PGAS and ANTM.
When I first bought those stocks, I’m an anti-technical analysis and a purist fundamental follower. That resulted on my not-so-healthy entry points which gave me an important lesson, no matter how healthy the company is, just make sure that the stock is cheap enough based on the valuation AND the market sentiment.
Now back to tape-reading… Hm… BLTA is a good buy at that price…
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