JAKARTA - Technical analysis from PT Ina Sekuritas Indonesia provides an overview of the direction of the movement of PT Indosat Tbk (ISAT) shares, Tuesday (20/5).

In the first quarter of 2025, ISAT recorded profit growth of 27.03% on a quarter-to-quarter (QoQ) basis.

Meanwhile, from a technical perspective, ISAT shares are currently testing resistance, which coincides with the 0.618 retracement level at IDR 2,100 per share.

If the ISAT share price manages to break through the resistance, there is potential for further strengthening towards the next resistance at IDR2,250 per share.

Meanwhile, the support point is in the range of Rp2,000 to Rp1,930 per share.

Based on financial and technical performance analysis, Ina Sekuritas recommends to buy if breakout on ISAT shares at this time.

ISAT (Indosat) is engaged in telecommunications, specifically providing cellular services, telecommunications networks, and data services.

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

Chart: Bloomberg