JAKARTA - Technical analysis from PT Ina Sekuritas Indonesia provides an overview of the direction of the movement of PT AKR Corporindo Tbk (AKRA) shares on Friday (25/4).

Technically, AKRA shares are still in a bearish trend. Strengthening from the lower line of the bearish trend and MA60 breakout provides limited upward potential towards the upper line, which is in the range of IDR 1,260 to IDR 1,290 per share.

However, if AKRA's share price experiences a pullback, it is recommended to cut loss at the level of Rp1,150 per share.

AKR Corporindo (AKRA) is engaged in the trading and distribution of basic chemicals, energy (mainly fuel oil), and logistics. The company is also involved in infrastructure and property development.

Technical analysis of AKRA shares can be seen in this video.(DK/VA/LM)

Chart: Bloomberg