One of the most favourite local bank is Bank Central Asia, which is one of the most well-capitalized bank in Indonesia. As it creates revenues in any transactions that it can earn you a lot of money as long as you invest it.
Well, the quote itself is BBCA, it's one of the most reliable, practical, yet safe. Technically, it's a buy signal that 3 major indicators show that it is perfect to entry.
The candle showed a doji star as it might penetrate the short-term downtrend line. As we can see the MACD negative is getting thinner, and might penetrate upward to the positive side. The other MACD is golden crossing upward. The RSI is showing the strength of the Bull is gained that it bent upward. The Stochastic showed the same golden crossing upward.
In conclusion, it's moving upward.... See the chart!!!
Rating: Buy On Strength, TP: 4925-4950
The next one is Adaro Energy, which as just signed a fuel supply agreement together with Shell Indonesia.
Fundamentally, no doubt that this firm will earn more and more, as tenders come & well-served, yet the coal quality can be competed in worldwide.
Technically, as it's reached the bottom of its trend (MACD) & it seems that it will rebound soon, as the RSI is bending upward & Stochastic has been moving upward.
See the chart!!!
Rating: Buy On Weakness, TP: 1780-1800
Happy Trading...^^
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