Adaro Energy, Tbk (ADRO) in analysis

Analysis of ADRO the latest news....

• ADRO has just won the tender to acquire 25% stake in Maruwai Coal project, which means it will earn much more profit next year in order to capture the larger coal market (domestic & foreign), which has a huge land of 355.000 hectare to be mined.
• Now it is going to replace Bumi Resources of being the best coal miner in Indonesia, which means it will become the greatest coal company with a lot of supports
• The great thing of all is it earned an increment of net income by 392% which is from Rp887.2 billion becoming Rp4.37 trillion
• The great management of the firm by having mentality of working effectively & efficiently becoming the key point of the firm to keep growing which was from a loser become a great gainer
• Confidence from investor increases to the firm as it is increasing its capacity of production with increment of target sales, which results in increment of net profit, whereas they have a great management which can keep them producing as efficient as possible.
• Increment in interest by investors who has moved their 'eyes' from BUMI to ADRO, which was expressed by today's transactions in which the number of queue of orders are a lot (increase of credit toward ADRO)

Technical view:

• We can see a lot of lines there the red BOLD line is uptrend support since the bottom of ADRO at 2008, yet it's still uptrend since that day.
• The gaining days pattern is seems to be similar with the previous one, around 7 days, currently it's 4th days of gaining days, so we still have maybe 3-5 days to gain.
• The EMA Crossover EMA5 & EMA15 has crossed since Mar 29, 2010 the 1st gaining day, as I signaled days before.
• The MA5 has signaled BUY since Mar 24, 2010 so does ADX, RSI, William's%R, ROC & Stochastic (Mar 25) as I signaled at the mid-session break, check: Watchlist after break....
• The ADX is moving upward which means the rend is strengthening, as the DI+ is getting more gaps toward DI-
• Pattern, usually ADRO will shock for quite long & the Stochastic will move long around overbought area for quite a mean time.

Rating: Trading Buy, TP: 2075-2125, SL: 1940-1960

Mid-term TP (2-3 months) : 2400-2500

Happy Investing^^

Disclaimer ON!!!

ADRO,BUMI, PGAS, PTBA in analysis

1.ADRO

Today, ADRO broke the all-time high at 1790, which is the Fibonacci resistance of 161.8%. Fundamentally, no doubt that this company is still up-trending with increment of productions & sales. High quality of coals, with good managements.

Technically, this stock has just broken its new high. Well, as usual, if a stock has just broken the new high, it will increase again soon (break higher high), but in short-term the stock might be corrected a bit.

As the MACD line has just crossed upward & the MACD Histogram might penetrate the "zero-line" upward. Then this might continue its upward motion. Even though the Stochastic has reached the Overbought area, ADRO usually stay quite long at this area, as my experience in the past.

Rating: Sell On Strength, Hold (Aggressive, Conservative), TP 1800-1850

2. BUMI

BUMI has broken its downtrend channel at 2450. Well, it rallied upward a lot today. Fundamentally, I can't comment on it, as there are a lot of undisclosed informations that makes the F/S reported isn't real.

Technically, the next resistance will be 2750. While it has reached the Top Bollinger Band and it might bounce back down. So, beware.....

The Stochastic has been overbought and might bend down soon. The MACD histogram & line might have been reached the peak / top, might reverse down soon.

Rating: Sell On Strength, TP: 2725-2750

3. PGAS

Let's not talk about the fundamental analysis, as we've talk about it at the earlier time. Fundamentally, great!!! One word is enough....

Technically, as it's at the consolidation time, it is testing the up-trend channel. Once it breaks the uptrend channel, it will be a good sign, but as it hasn't passed the channel, we can collect at lower price first as it's at the up-trend position.

Rating: Buy On Weakness, TP: 4100-4200, Buy at: 3900-3925

4. PTBA

The Fundamental analysis has been given at The PTBA Update article. GREAT one!!!

Technically, it is still in up-trend motion, even it closed lower than the open. It got it's price decline with a lot of losses by the buyer, as the average buyer today are around 17850. So, tomorrow the power of buyer might be recovered, as the MACD line is now going to cross soon. It was just unable to break the Bollinger Top Band. Tomorrow it might try to break again...

So, finally, we still can collect it....

Rating: Hold, TP: 18300-18500

Happy Investing...^^

Disclaimer ON!!!

ADRO in analysis

ADRO is almost passing its MA20, which is its strong support that really keep it in good position. Today it can't passed the MA20, but then it might retest the resistant to re-break to its place. While it's testing, the volume is increased today as the price increased as it's a sign of Bullish....

Rating: Buy, TP 1800-1820, breaking 1760 will be a very good point.

Happy Investing^^
Disclaimer ON!!!