as a newbie too i see bumi on diffrent view, using simple MA it's all dead cross, MA 5 x 20 x 60 which is indicating this stock is trading downtrend. MACD already dead cross and crossing down centerline, today low was brushing bohlinger lower band which is maybe there is still will be one more open gap down before it can bounce back. Stochastic is in oversold teritory but a loser stock usually stay oversold for a long period of time.
Yes bumi is on support around 2700-2650, it's crucial level because i saw there's several pattern in there, can be triple bottom, inverted CnH, all pointed a crucial level is in 2700. Even if today bumi rebounds, this stock needs to work very hard to be back in uptrend, too much crowded zone/zona nyangkuters or you may called it resistance in this stock, for traders there's no cheap or expensive stock, there's only an uptrend or downtrend stock. Most traders feel comfort to buy low and sell higher, they all lining up now to buy bumi, but usually the biggest and fastest profit comes from an uptrend stocks. Stocks that is uptrend will tends to break new high, which is the empty zone area where price can move upwards easily. --- In obrolan-bandar@yahoogroups.com, "sheila.tjandra" <sheila.tjan...@...> wrote: > > > > Wow..what a scary questions,two thumbs up for u.. > I'm a new bie technicalist n that's why i want to learn from master > technicalist in OB. > Why BUMI? already at support i think..almost all trader have BUMI in their > portfolio. > About Fundamental, no..no..i dont know,Need to learn more from u. > > Regards, > ST > > > > > > > --- In obrolan-bandar@yahoogroups.com, "It's Elaine!" <elainesui83@> wrote: > > > > > > *Ok, first I have some questions: > > > * > > > > > > 1. *are you a follower, a Technicalist, Fundamentalist?* > > > 2. *Why do you buy BUMI? Is it because you like coal industry? why not > > > others like Adaro or Bukit Asam?* > > > 3. *Do you know what MA cross is? distribution? accumulation? over > > > bought? support? resistance? blah blah > > > * > > > 4. *Do you know how far does 19% CIC int rate will affect bumi future > > > cash flow?* > > > 5. *Do you aware of fund flow in bumi? The reverse repos? the floating > > > phantom shares? > > > * > > > 6. *BUMI financial statement is in USD, do you aware with the inflation > > > of the USD today? > > > * > > > > > > *Please answer, and I will give you appropriate opinion, but if above > > > questions make you dizzy then I suggest u stay away. > > > > > > * > > > > > > > >
