JAKARTA - Technical analysis from PT Ina Sekuritas Indonesia provides an overview of the direction of the movement of PT Indocement Tunggal Prakarsa Tbk (INTP) shares, Monday (19/5).

In the first quarter of 2025, INTP managed to increase its market share to 30.1% year-on-year (yoy).

From a technical perspective, INTP shares are moving in a bearish trend. However, the candles have passed the 0.23 retracement level.

This provides limited short-term strengthening potential, with resistance in the range of IDR5,500 - IDR5,625 per share.

The support level for INTP shares is in the area of IDR5,150 - IDR5,000 per share.

INTP is a leading cement producer in Indonesia engaged in the cement industry, which produces various types of cement, ready-mixed concrete, and aggregates.

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

Chart: Bloomberg