Technical Analysis (Wyckoff & Elliott Wave) On BWPT & AALI

BWPT

You will likely find these contracting trendline to be very important. Elliott Wave practitioners know the significance of this chart by looking at the possible wedge formation.

AALI

The expected test of supply came in bar 2 after we saw supply entered in bar 1. Bar 3 suggests that the test was successful. I expect to see an increased in volume when the market exceeds the top of bar 1 to confirm that the buying from May 25 is genuine.

Unsurprisingly, analysis in BWPT also suggests an important play is coming shortly.

Comments

Illusions of Acquisition Value

Continued fromPart 1: How to Calculate Acquisition Value Saya kurang tahu mengenai PGAS, dan bukan maksud saya di tulisan ini untuk menilai apakah value addition sekitar Rp 9 T dari manajemen masuk akal atau tidak. Tapi saya ingin memberi sedikit perspektif mengenai konsep franchise value. Franchise value tercipta karena Pertagas ada di tangan manajemen yang lebih baik. Tangan yang lebih baik. Banyak analis yang memberi outlook optimis dari akuisisi dengan alasan kalau akuisisi membuat sales buyer menjadi lebih besar karena pipeline PGAS menjadi lebih panjang dengan ditambahnya pipeline milik Pertagas. Tapi pipeline Pertagas sudah masuk ke dalam harga beli Rp 16,6 T yang dibayar oleh investor PGAS. Jadi bagaimana bisa hanya mengoperasikan pipeline milik Pertagas, yang mana PGAS bayar dengan premium, bisa memperkaya investor PGAS? Beda ceritanya kalau ceritanya pipeline tersebut tidak perlu dioperasikan oleh karyawan Pertagas lagi, cukup oleh karyawan PGAS tanpa penambahan jumlah...

Gain More Understanding With Sensitivity Analysis: BWPT Case

As far as I’m concerned, building a financial model serves two major purposes: 1. To reverse-engineer share price to get shareholders’ expectation 2. Finding important factors that affect a company’s value Unfortunately, without a framework that could clearly link performance measurement with value, building a financial model would lack insights in serving those two big purposes. It could easily fall into an exercise just for the sake of formality. A good model gives valuable insights. Generally speaking, I have found that a model that serves the first point (reverse-engineer) is more useful for investing purposes. It may surprise you, but finding implied shareholders’ expectation is possible without making our own future projections. After all, shareholders’ already done that job for us. Read my other articles for this topic. In some specific situations however, namely a concerning negative EVA...

Perspektif Saham

Search This Blog