JAKARTA – PT Ina Sekuritas Indonesia released a technical analysis of PT Barito Pacific Tbk (BRPT) stock movement on Thursday (8/5).

During Wednesday’s (7/5) trading, BRPT shares successfully broke through the 60-day Moving Average (MA60). The surge in trading volume, along with stochastic indicators, signals the potential for further upside.

Ina Sekuritas stated that this scenario opens the possibility for BRPT shares to move towards their nearest resistance level at IDR 880 per share.

Furthermore, there is a chance the price may test the still-unclosed gap area in the IDR 880 to IDR 910 per share range. On the other hand, the support level for BRPT is in the range of IDR 825 to IDR 800 per share.

BRPT is a holding company with operations in various sectors, including industry, property, trade, renewable energy, forestry, plantations, mining, transportation, and other holding activities.

Investors can view the technical analysis of BRPT shares in the following video. (DK/ZH)