SHARE ANALYSIS PGAS (Perusahaan Gas Negara Tbk)

INVERTED HEAD & SHOULDER

 

Inverted Head & Shoulder is the antithesis of Head & Shoulder pattern we have just discussed, this pattern also has a high level of reliability. Among the patterns that have a failure rate of only 5 percen and generally formations formed over a period of several weeks served until six months, getting more than six months of increasingly high validation and usually reaches new highs.
PGAS shares above picture shows the beginning of the process of formation of reversal in the pattern formation Inverted Head & Shoulder of a Downtrending charts the start. The peaks (A and C) and valleys (B and D) are low growing gradually started to show signs of losing momentum F is marked by the valley who are unable to achieve the basic level before (D). Valley B is called the left shoulder, Valley D to lower third of the valley called the head, while the valley of  F  is called the right shoulder.

when the bulls begin to dominate, the price will continue to be encouraged to above the neckline. If the price closed at a level above the neckline, then the reversal signal is said to have get validation. Further objectives of the minimum price which is often called the target could determined. The trick is to project "the vertical distance between the neckline D" to the breakout point. (See picture). Stocks break out PGAS since May 2009 end of month stock price continues to rise, and mid April 2009 there continued to rise gap known as "Runaway Gap, then at the end of the month of May 2009 while prices corrected, but in early June the price back up and gap occurs which is called the Break away gap, and to this day still shows stock PGAS bullish trend.
Our vigilance against the bullish trend is slightly disturbed by comparing the price and the MACD, the picture became clear that the price rises, but on the contrary MACD (Down), which means that in the future will be a change in trend for this stock (PGAS). To us who want to enter or buy this stock can still be only for the short term only. When do we buy or go her answers as follows: 3875 Resistance 3525 support, on 3 December 2009 PGAS has penetrated Resistance in 3900, then with tertembusnya resistance is a strong signal to enter or to buy the stock at 3900 prices until 4100 more than the price it more nice dodge. 

Untuk cut loss kita bisa pasang diharga 3500 sampai 3450. Bagi rekan-rekan trader yang ingin menanyakan analysis saham-saham lainnya silahkan kirim e-mail ke alamat ini : cerdaseuy55@yahoo.com atau blogger.trd17@gmail.com , mudah mudahan penulis bisa memberikan masukan atau saran dan informasi lainnya tentang saham.

Happy Trading