JAKARTA – Technical analysis from PT Ina Sekuritas Indonesia highlights the stock trend of PT Pertamina Geothermal Energy Tbk (PGEO), Friday (14/2).

As of now, the shares are shifting to breakout MA5, supported by stochastic indicators showing potential rebound. As is known, PGEO has remained in the oversold zone.

PGEO is engaged in the geothermal exploration, exploitation, and production, as well as focusing on power plant business.

Further technical analysis on PGEO’s trend could be seen in the video. (DK/ZH)

Chart: Bloomberg