JAKARTA - Technical analysis from PT Ina Sekuritas Indonesia provides an overview of the direction of the movement of PT Japfa Comfeed Indonesia Tbk (JPFA) shares on Wednesday (5/3).

The increase in profit in 2024 and the plan to buyback shares make positive sentiment. And technically supported, JPFA shares are in a bullish trend and moving past MA20, providing further strengthening potential for this stock.

PT Japfa Comfeed Indonesia Tbk (JPFA) is engaged in agro-food, particularly the production of animal feed, livestock, and processed food products.

Technical analysis of JPFA shares can be seen in this video.(DK/VA/LM)

Chart: Bloomberg