JAKARTA – A technical analysis by PT Ina Sekuritas Indonesia offers insight into the price movement of PT Indosat Tbk (ISAT) shares on Wednesday (4/6).

ISAT plans to distribute a dividend of IDR 83.8 per share, with the cum date on the regular market set for 11 June 2025.

Technically, ISAT shares are showing a rebound pattern and tend to be bullish in the short term.

After a previous decline and a test of the 20-day Moving Average (MA20), ISAT's candlestick have now indicated uptrend.

Observations from the Stochastic indicator further support the bullish signal, opening up the potential for price gains towards the resistance zone of IDR 2,160 to IDR 2,250 per share.

On the downside, the support area for ISAT is at IDR 2,000 to IDR 1,930 per share.

A more detailed technical analysis of ISAT shares is available in the following video. (DK/ZH)

Chart: Bloomberg