PTBA in analysis

PTBA is quite good in performing, as usual,this stock is very aggressive moving upward as it moved upward around 20-30% in the last 2 months.

Well, in my analysis, this stock is resisted at 18150. As the bear signal is moving toward it. Stochastic is at overbought area, the RSI is too, as well as the MACD is almost or maybe at its peak. As I see the Stochastic has formed a dead cross, but hasn't been confirmed by MACD which is still moving upward.

See the chart...

Rating: Sell On Strength, TP 18200 Support 17800.

Be careful, tomorrow might be corrected quite a lot.

Happy Trading...^^
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