Technical Analysis Recommends Buying CTRA, TLKM, and BRPT Stocks for Thursday

Market Overview

The Composite Stock Price Index (IHSG) closed 0.06% lower at 8,611.78 on Wednesday (3/12/2025). Despite the overall market decline, certain stocks showed promising technical signals. This report provides an analysis of PT Ciputra Development Tbk (CTRA), PT Telekomunikasi Indonesia Tbk (TLKM), and PT Barito Pacific Tbk (BRPT) based on technical indicators.

PT Ciputra Development Tbk (CTRA) Analysis

CTRA closed 1.16% higher at Rp 875 on Wednesday. Technical indicators suggest that CTRA is in a rebound phase and has broken out above its MA20 with significant volume, indicating potential entry into a bullish phase. The Relative Strength Index (RSI) stands at 52, while the MACD Histogram shows a positive value of +2.

Recommendation

• Buy
• Support level: Rp 860
• Resistance level: Rp 910

According to Muhammad Wafi from Korea Investment Sekuritas Indonesia, these indicators suggest a positive outlook for CTRA in the short term.

Other Stocks Analyzed

1. PT Telekomunikasi Indonesia Tbk (TLKM)
2. PT Barito Pacific Tbk (BRPT)

While specific technical analysis for TLKM and BRPT was not provided in the source, they remain worth watching based on their market performance and potential technical signals.