JAKARTA – PT Ina Sekuritas Indonesia has released its latest technical analysis on the share price movement of PT AKR Corporindo Tbk (AKRA) on Friday (11/4).

In the report, Ina Sekuritas highlighted the potential for further upside in AKRA’s stock, supported by positive sentiment stemming from accumulation by several members of the board of directors.

From a technical standpoint, AKRA shares are showing signs of a potential rebound from the lower support line within a bearish trend pattern. This setup presents an opportunity for the stock to strengthen towards its nearest resistance levels, estimated at around IDR 1,150 to IDR 1,260 per share.

However, investors are advised to remain cautious in the event that the price moves outside expectations. A cut-loss level is recommended within the support zone of IDR 1,040 to IDR 1,000 per share.

For context, AKRA is a company engaged in the trading and distribution of petroleum fuels, chemicals, and vehicle lubricants.

The full technical analysis of AKRA shares is available in the video linked below. (DK/KR/ZH)