JAKARTA – PT Ina Sekuritas Indonesia presented a technical analysis of PT Indocement Tunggal Prakarsa Tbk (INTP) shares on Monday (19/5).

In the first quarter of 2025, INTP recorded a year-on-year increase in market share to 30.1%.

However, INTP shares are currently in a bearish trend. Despite this, the stock has shown signs of strengthening, as indicated by a candlestick pattern that has broken through the 0.23 retracement level.

Ina Sekuritas added that short-term upside potential could push the stock towards the resistance range of IDR 5,500 to IDR 5,625 per share.

Meanwhile, the support level is estimated to lie between IDR 5,150 and IDR 5,000 per share.

As one of Indonesia’s largest cement producers, INTP is known for manufacturing various types of cement, ready-mix concrete, and aggregates. The company’s core business includes the production and sale of multiple cement products, including the premium Tiga Roda brand and other cement under the Rajawali brand.

Investors can access a more detailed technical analysis of INTP shares via the following video. (DK/ZH)