BUMI Shares Show Strong Momentum Amidst Technical Resistance

Significant Price Surge Attracts Market Attention

PT Bumi Resources Tbk (BUMI), a coal mining company owned by Bakrie and Salim Group, has seen its shares surge 93.33% in one month, closing at Rp 464 per share on January 6, 2026 ¹

. This significant increase has captured the attention of market participants and analysts alike. Despite the recent stagnation at the current level, analysts maintain a positive outlook on the stock's future performance.

Technical Analysis and Resistance Levels

Reza Diofanda from BRI Danareksa Sekuritas notes that while BUMI remains in a bullish trend, the stock has faced challenges breaking through the resistance level of Rp 466-Rp 476 due to selling pressure ¹

. The analyst recommends a 'buy on pullback' strategy with accumulation near the support level of Rp 400-Rp 428, and sets a target price range of Rp 476 to Rp 510 ¹

Source 1

https://investasi.kontan.co.id/news/saham-bumi-naik-93-sebulan-masih-bullish-ini-analisis-dan-strategi-untuk-investor

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Additional Technical Insights

Herditya Wicaksana from MNC Sekuritas provides additional technical perspective, noting that the MACD indicator remains in positive territory, indicating continued upward momentum ³

. However, the histogram has not formed a new Higher High (HH), suggesting some caution. Meanwhile, the Stochastic indicator is in the overbought zone, warranting careful monitoring ³

Source 3

https://investasi.kontan.co.id/news/saham-bumi-resources-bumi-melaju-simak-analisa-dan-rekomendasi-teknikalnya

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Market Implications and Investor Strategy

The strong price movement has been accompanied by dominant buying volume, reinforcing the positive technical outlook ³

. Investors are advised to watch the support level closely, as maintaining prices above Rp 400-Rp 428 is crucial for the continuation of the bullish trend.