After exit strategy for those list has been given, now there will be new picks for you guys. We can see at some stocks for mining this time.
Today I will give two coal-miner, can be said as the top coal-miner in Indonesia.
Adaro Energy, Tbk (ADRO.JK, ADRO:IJ)
Tecnically, it's at the bottom of the uptrend line of ascending triangle, yet, MFI is pointing upward.
Rating: Buy On Weakness; Entry: 1990-2000; TP: 2075-2100; SL: 1970-1980
Bukit Asam, Tbk (PTBA.JK, PTBA:IJ)
Technically, it's in downtrend with a descending triangle, but it's at the bottom of the triangle, so we can have a quite good area to play.
Rating: Buy On Weakness; Entry: 16600-16700; TP: 17100-17250; SL: 16450-16500
Both stocks have a potential upward movement of around 2-4%. But preferably, I'll choose ADRO, as it is in a consolidation time & soon seems to be boomed again.
Happy Investing^^
Disclaimer ON!!!
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