JAKARTA – The technical analysis of the stock from PT Ina Sekuritas Indonesia provides an outlook on the movement of PT Indofood Sukses Makmur Tbk (INDF) shares, Tuesday (25/2).

Sentiment around the increasing purchasing power of the public ahead of the month of Ramadan, along with the support of stochastic indicators reflecting a bullish trend, indicates continued strengthening of this stock.

INDF is a holding company with business lines in food processing, manufacturing, agribusiness, and more.

The technical analysis of INDF stock can be viewed in this video. (DK/VA/ZH)

Chart: Bloomberg