JAKARTA – Technical analysis from PT Ina Sekuritas Indonesia provides an outlook on the stock movement of PT Japfa Comfeed Indonesia Tbk (JPFA) on Wednesday (26/2).

The rising purchasing power and consumer spending ahead of Ramadan, combined with technical support, have positioned JPFA in a bullish trend. The stock is currently testing its support line, indicating potential for a rebound.

JPFA operates in the agro-food sector, focusing on agricultural food products and primary consumer goods.

The technical analysis of JPFA shares can be viewed in this video. (DK/ZH)

Chart: Bloomberg