JAKARTA - Technical analysis from PT Ina Sekuritas Indonesia provides an overview of the direction of the movement of PT Bank Negara Indonesia (Persero) Tbk (BBNI) shares on Wednesday (26/3).

BBNI will hold an AGM today (26/3), with one of the agenda regarding the distribution of dividends for the fiscal year 2024.

In addition, BBNI's share buyback corporate action is a positive sentiment for this stock.

Technically, BBNI stock is in the support zone. Currently, the candle has passed MA5.

Meanwhile, if you look at the stochastic indicator, when the union forms a bullish cross over (showing the potential for price increases).

This gives the potential for further strengthening towards the resistance of IDR 4,040 to IDR 4,140 per share.
However, if the price does not move as expected, then cut loss at IDR3,780 to IDR3,710 per share.

BBNI is one of the largest state-owned banks in Indonesia and is engaged in banking.

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

Chart: Bloomberg