45.02%
550IDR
12.568TIDR
42.649TIDR
3.88B
About BUKIT ASAM TBK
Sector
Industry
CEO
Arsal Ismail
Website
Headquarters
Jakarta
Employees (FY)
1.599K
Founded
1981
ISIN
ID1000094006
PT Bukit Asam Tbk engages in the business of coal mining activities including general surveying; exploration; exploitation; processing; refining; transportation and trading; maintenance of special coal port facilities for internal and external needs; and operation of steam power plants for internal and external needs. It operates under the Coal and Others segments. The Others segment focuses on mining services, briquette processing, palm plantation, palm processing, and health services. The company was founded on March 2, 1981 and is headquartered in Jakarta, Indonesia.
Buy IfHave some planning for this
1. Wait for breakout fib618
2. Averaging 2x, start from fib05 area and the second start from fib382 area
This analysis just made for education purpose only
Trade with your decision
DisclaimerOn
PTBA in Retest ⚠️⚠️⚠️PTBA . Daily TF. Rising wedge pattern. Has broke the trendline support and go to the retest area (support that become resistance). Be carefull. It might do down if it rejected. Or if it enter the wedge area again and breakout the wedge, it is become bullish and cancel the bearish.
PTBATechnical Analysis is the forecasting of future financial price movements based on an examination of past price movements. Like weather forecasting, technical analysis does not result in absolute predictions about the future.
PTBA - CUP WITH HANDLESetting up a Cup with handle, the stock develops its handle area.
The fundamentals are outstanding, I like to see a break out very soon, I am watching this closely now.
PTBA possible to close the GAPPTBA is currently breaking its strong resistance at around 3030-3120. It can be seen on the chart that the price is breaking its strong resistance with a very strong bullish candle and supported by such a large volume. this has the opportunity to send the price up to the supply area around 3170-3830
PTBA inverted Head n ShoulderPTBA show inverter head and shoulder pattern in weekly timeframe
#riskdisclaimer
PTBA BULLPTBA, Fundamentals looking very strong, numbers looking good. The monthly chart indicates Positive movement. I think there will be momentum in Late Feb or Early March.
Once it crosses 3000 a key FIB level to watch, the upside is huge, April May June is a possible Dividend season, so all indicate pos
PTBA possible Cup & Handle??Newcastle Coal is still high and PTBA supposedly will have great net profit for Q4-2021, so I think the possibility of this C&H pattern is very high. Hopefully PTBA can go above Rp 3200 per share.
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