JAKARTA – PT Ina Sekuritas Indonesia has provided a technical analysis of the share price movement of PT Indosat Tbk (ISAT) on Tuesday (20/5).

In the first quarter of 2025, ISAT recorded a significant quarterly profit growth of 27.03%.

Ina Sekuritas stated that this growth reflects an improvement in the financial performance of the telecommunications company.

From a technical perspective, ISAT shares are currently testing resistance at the 0.618 retracement level, which sits at IDR 2,100 per share.

Should the stock successfully break through this level, it could continue to strengthen toward the next resistance at IDR 2,250 per share.

Meanwhile, support for ISAT shares is in the range of IDR 2,000 to IDR 1,930 per share.

Ina Sekuritas recommends a “buy if breakout” strategy for ISAT shares, given the positive technical momentum and solid fundamentals.

For reference, ISAT is one of the major players in the telecommunications sector, offering mobile services, telecom networks, and data services across Indonesia.

For more detailed technical analysis, investors may refer to the following video. (DK/KR/ZH)