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Crazy Momentum Stocks: Is Jakarta listed PT Solusi Sinergi Digital (IDX:WIFI) a Freak?

Writer's picture: Tian Khean NgTian Khean Ng


In the chart above, I screened for stocks in Singapore, Malaysia, India, Hong Kong, Indonesia and Thailand that had positive returns (price change) over 1-week, 2-weeks, 3-weeks, 4-weeks, 3-months, 6-months, 9-months and 1-year. If their returns were positive over all the periods (as the chart above shows), it seems fair to say they have sustained momentum. There were only three stocks which passed the test: JS Global Lifestyle Ltd of Hong Kong (SEHK:1691), FabTech Technolgies Cleanrooms Ltd of India (BSE544322) and Solusi Sinergi Digital of Indonesia (IDX: WIFI).

But take a look at IDX-listed Solusi Sinergi Digital: Is this for real?

If you look at its fundamentals, they are nothing to shout about.

A company with a hotch-potch of seemingly unrelated businesses:


The 1-20 steps forecast trend by our model is puzzling.


Never have I seen such a chart. Compare with forecast trend of SEHK1691:


The Box-Whisker chart of WIFI is equally puzzling-like a Drone swarm. It shows increasing volatility in the days ahead:


Conclusion: The current price of WIFI is 920 IDR. It is forecast to hit 15,000 IDR. Tell me what is its price next week.


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