JAKARTA – PT Ina Sekuritas Indonesia has released its latest technical analysis regarding the movement of PT Goto Gojek Tokopedia Tbk (GOTO) shares, on Wednesday (19/3).

Technically, according to Ina Sekuritas, GOTO shares are currently at a lower low trend line within a bullish trend, connecting successive low points. This line serves as a support level for GOTO’s share price movement.

Sentiment from Grab’s acquisition of GOTO is also considered a positive signal for the stock.

Under these conditions, GOTO's share price has the potential to strengthen to levels of IDR 84 to IDR 90 per share. If the price does not move as expected, a cut loss is recommended at IDR 80 to IDR 79 per share.

For information, GOTO is a technology company that provides services in transportation, food delivery, logistics, payments, and e-commerce.

Investors can view further technical analysis through the following video. (DK/KR/ZH)