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!!!

What has happened to BUMI? Speculated or Market activity?

BUMI can be called as "The Big Momma" stock in Indonesia, we can see that it always achieve the Top Value in Indonesia, no matter bullish or bearish. Besides, BNBR as the "The Big Auntie" stock, who gain the top volume, BUMI is the most speculative stock in IDX.

A lot of people become a sudden rich and a sudden poor because of this BUMI stock. In addition, 2008 is the time that create the historry of "The Big Momma", which price rallied up til around 8k and rallied down til 385. Even one of my lecturer in my Campus who are still holding 200lots of 8k share of BUMI.

Now, BUMI is in bearish condition, it may create some correction, but this won't last long until it gives the bullish signal, yet the correction time can be used to take a little bit of profit.

Lastly, always beware of this stock because it's so fluctuative. Happy trading...^^
Disclaimer ON!!!