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JCI Area Harmonic Resistance 4300-4316 Square off to Profit Taking



In two days, JCI predicted to move in the range of harmonic price resistance area of ​​4300-4316 before forming a significant bottom. Prepare profit taking!


In trading on Friday (10/05/2012) Composite Stock Price Index (CSPI) rose 39.85 points (0.93%) to the highest closing level in history at 4311.314. Intraday highest and lowest achieving 4283.845 4320.591. Likewise with the LQ45 index of leading shares rose 8.47 points (1.15%) to the position of 744.835.President and founder of the International PT Gema Goeyardi Astronacci believe the weekend has become a term that brings positive winds for a quiet day to enjoy your time with family. "Market participants can watch together that JCI re-establish the all-time-high at 4.320," he told INILAH.COM, in Jakarta, Sunday (10/07/2012).

The figure, he added, just as expected Astronacci that JCI would soon touch the area of ​​his harmonic resistance resistance zone specified time sebelunya. "Therefore, we have to look forward to now is the turning point in the formation of the formation of peak prices will bring the price to enter a correction phase in two to three days, as of Monday (8/10/2012)," he explained.

From the daily strategy, it has entered IHSGsaat price ranges are quite vulnerable in the formation of reversal of the price. "For that reason, we would be prepared to issue our current position formed a swing high at JCI and wait for the formation of a significant bottom area next," he said.

Then, price analysismenunjukkan, JCI will still move in the price range of harmonic resistance 4300-4316 at least two days before entering the phase of correction. "Pattern Formationmemperlihatkan JCI is still in a phase of strengthening after completing a bullish flag pattern formation rates," said he.From the momentum signal, stochastic indicators have shown the potential for the creation of a bearish divergence formation awaiting the formation of swing high on price. This suggests that the high prices have the opportunity to enter a phase of correction in the near future.

Then, the direction that the current weekly signalmemberikan inipasar are entering the last week of the rally phase that has been projected to the JCI. "Therefore, we would be prepared to anticipate the movement of the JCI will enter the phase correction," he said.

Meanwhile, time forecastyang entered the zone, shows that the market is waiting for the formation of swing high at JCI, at least in the next two trading days. "That was before the JCI can provide confirmation of the end phase of this rally," he said.

Although advised to square off on profit-taking, for pendekGema recommend some stock trading. Among other, PT Bumi Resources (EARTH) on buying at Rp690-710dan stop loss of 5% of the purchase with a target price level of Rp850-900.

Then PT Nirvana Development (NIRO). Recommended buy at Rp275-280dan stop loss of 5% with a target price of Rp320. Recommendations to buy also to PT United Tractors (UNTR) Rp20.500dan stoploss at 4% with a target price of Rp22.000dan PT Charoen Pokphand Indonesia (CPIN) to recommend a buy in the Rp3.025-Rp3.300 3.050dan target price.

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