ADRO has just broken its new high. For long-term, just hold them as it might break the new one again. For short term, maybe not, as the RSI & Stochastic has been in overbought area. We can see the chart as the Top Bollinger Bands has been touched. Yet, the Stochastic has been dead crossed. Even though, the possibility to continue upward is still open.
Rating: Sell On Strength, TP: 1970-2000
PTBA again it increased only a little bit today, while the demand of the coal is increasing especially in China & European country. Then, it's still optimistic to get another great increment. Well, fyi, China has just got its coal-mine exploded, which give another extra demand of coal. As there's no resistant upward, we still have a uptrend channel line to proof.
As it just stopped at 18300, we can do buy on break as these few days is consolidation days.
As it just stopped at 18300, we can do buy on break as these few days is consolidation days.
Rating: Buy On Weakness, TP: 18600-19000, maybe for mid-term can break 20000.
