JAKARTA - Technical analysis from PT Ina Sekuritas Indonesia provides an overview of the direction of the movement of PT Hartadinata Abadi Tbk (HRTA) shares on Thursday (17/4).

Technically, HRTA shares are moving in a bullish trend accompanied by a bullish crossover stochastic (an indicator that shows a strong signal for rising share prices).

This gives the potential for strengthening towards resistance at IDR645 to IDR680 per share.

In addition, the sentiment of a potential slowdown in economic growth, has a positive impact on gold commodities to reach all-time highs.

HRTA is a company engaged in the manufacturing and trading of gold jewellery. HRTA is also a pioneer of the jewellery and gold bullion industry in Indonesia.

Technical analysis of HRTA stock can be seen in this video. (DK/VA)

Chart: Bloomberg