PT.Tam amban bang Bat atubar ara a Bukit t Asam (PTBA.JK) K) Signal Poten entia tial upside e Call Ca Target et Cut Cu t loss Positive 2,9 % Buy 9.400 8.800 52 Weeks ks Support Resista stance ce Low 8.975 9.000 9.600 High 15.650 Avg 12.300 Lucky Bayu Purnomo Technical analyst (62-21) 2955 5777 ext. 3508 luckyb@danareksa.com Danareksa research reports are also available at Reuters Multex and First Call Direct and Bloomberg. Lucky Bayu Purnomo 2/28/2014 1 Technical analysis
Jakarta Composite Index MIning Key Point • Red box explains the JCI chart movement still on the potential reversal, with the mining sector and PTBA PTBA Lucky Bayu Purnomo 2/28/2014 2 Technical analysis
Key Point • Coal price potential up trend, By Technical analysis indicator Lucky Bayu Purnomo 2/28/2014 3 Technical analysis
Jakarta Composite Index Key Point MIning Key Point • Since 1 February 2013 • Jakarta Composite Index increase 2 % • Red box explaining that the condition was corrected by JCI • Mining sector decrease 29 % down trend movement and the mining sector with stock movement PTBA • PTBA decrease 39 % PTBA Lucky Bayu Purnomo 2/28/2014 4 Technical analysis
Key Point • Waiting for golden cross, Base on momentum since August 2013 • Stochastinc still on the oversold moment, explain the potential accumulation • MACD testing the zero line, explain the potential accumulation • Major Trend of PTBA still on the down trend movement, explain the trading plan it must be accumulation for short term trade 9.938 9.400 Price target 8.896 Lucky Bayu Purnomo 2/28/2014 5 Technical analysis
Key Point • RSI, Waiting for golden cross, Base on momentum since November 2013 • Stochastinc still on the oversold moment, explain the potential accumulation • Minor trend of PTBA still on the sideways trend , explain the trading plan it must be accumulation for short term trade Lucky Bayu Purnomo 2/28/2014 6 Technical analysis
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